Another holding in South Tipperary is going under the hammer in a few weeks’ time.
The property in question is a 34-acre residential farm in the townland of Ballydrehid, near Cahir, and the auction takes place on July 23 at 3pm in the Cahir House Hotel.
The lands here are in permanent pasture, and although this part of the world has been synonymous with record prices in the recent past, this particular farm and location would not be representative of the upper echelons of uncommonly high quality ground.
But it is, as Clonmel-based selling agent John Stokes points out, a very attractive and rare opportunity to purchase a chunk of good land in South Tipperary, and the interest so far has been building nicely.
“It would be a reasonably sought-after area, but it wouldn’t suit the likes of a tillage farmer going in there. It’s ideal for someone looking for a small lifestyle holding or a local farmer looking to increase his grazing area.
“It’s free-draining land, which is relatively undulating.”
The land benefits from a huge amount of road frontage, and it’s being presented to the buying public in a series of lots. Lot A consists of 33.7 acres that surround the farmhouse. Lot B is a small parcel of land (0.72 acres) which contains the farmhouse and the outbuildings.
Lot C is the entire holding of farmhouse, outbuildings and 34.5 acres of land.
The guide price is €7,500 per acre. It’s a modest amount, but there is a feeling out there that while the large holdings of the very top grade of land are proving irresistible in the current marketplace, the same can’t be said for the more moderate-sized farms such as this one.
The house and outbuildings are guided at between €130,000 and €150,000 — again a reasonable price for a good opportunity to purchase a dwelling in this setting.
The property is located approximately 5km northwest of Cahir and close to both the N24 (main Limerick-Waterford road) and the M8 motorway, so it has excellent access all around, with the home on its own surely being of strong interest to a number of people, and the land would also appeal to a wide range, at that accessible price.
Bansha is 9km away and Ballydrehid Primary School is just 1km from the property.
“The land would be good fattening land and we’re not looking for huge money for it, so it should go well.”
The house and its outbuildings are, according to the selling agents, in reasonably good condition. While the next owners might be happy to put their own stamp on the property, there is little to do, and it’s in a good habitable condition. It’s described as offering huge scope for the discerning purchaser. Accommodation includes an entrance hall, kitchen, sitting room, bathroom and three bedrooms.
“The house is in fairly good condition,” says John. “It has PVC windows, a recently upgraded oil central heating system, and an alarm system. There’s a lovely range of old outbuildings. The original cottage is still there, it’s in the farmyard as well, a lovely single-storey bungalow that can be converted to accommodation. It’s good land, and free draining land, which is more suitable to grazing than anything else, It’s a good farm, one that’s not expensive.”
The land has been let for a number of years and there are no entitlements going with it.
It’s all in one block, with approximately nine well-fenced fields, and 2.5 acres of it is a 20-year forestry.
The range of potential clients for this farm is wide because of the combination of its very attractive location, the relatively small number of acres, and the home.