New to the market, a 55-acre west Cork residential farm offers plenty of potential in an exceptionally convenient location on the edge of Dunmanway town. While a small portion of the land is within the town boundary, the majority of it is not, and it is being valued and sold at purely agricultural value, says selling agent Daniel Lehane, whose offices are in Dunmanway.
“It’s situated on the Clonakilty road, just south of the town centre,” says Daniel of this executor sale. “You’d almost classify it as in the town but it’s literally just at the edge of the town and just outside the development boundary, albeit with the exception of one small portion on the northernmost corner of the land, where it’s zoned for residential housing.
"It’s not being sold as development land, but as farm land.”
The quality of the land is somewhat mixed, according to the agent, with mostly good quality fields on offer and the remainder in need of some works that would bring it up to a high standard.
“There would be 35 or 36 good acres of land there,” says Daniel.
The dwelling house is a traditional two-storey farmhouse with three bedrooms. At the moment, it is habitable and of good apparent structure, but it is in need of a good deal of work to bring it up to modern standards.
“The beauty of that house is that it is in an area where it’s very difficult to get planning permission to build a house, so it will be of great interest to anyone looking for a house on a piece of land.”
As well as being offered in its entirety, the farm is being offered split into two lots, one of which includes the house, outbuildings and half an acre of land. The second lot is the remaining 54.5 acres of land.
“There’s very good road frontage along the eastern boundary,” says Daniel, who notes that there is also a hay shed with a lean-to structure.
“It’s a good sized holding and in terms of the possibilities of future development, who knows what the future may hold? It would suit someone looking for an outside farm, looking to put a few heifers on it and maybe take a few cuts of silage off it.
“In terms of convenience, you couldn’t get better. The street lights are almost coming out to it. It’s on the mains water, and it’s level land almost in its entirety. The land market around Dunmanway has been quite bare in recent years, and to get something of this size in this location is quite rare.”
The guide price for the entire holding is €520,000-550,000 (€9,500-10,000/acre) while the expectation for Lot 2 (the house on half an acre) is in the region of €80,000. One would imagine that the house could be the making or breaking of much of the overall price achieved in the end, and its value is difficult to determine.
Demand for traditional style accommodation on the edge of a convenient town such as this one has proven to be strong in the past, and it will only take two keen parties to drive a strong price on it. That’s not to say that the land wouldn’t do very well either.
The requirement for some work to be done on the land will temper its value somewhat, but on the other side of the equation, good land in a convenient setting will always attract attention. it’s one to watch over the coming weeks and months, for sure.