One of the strongest farmland sale zones in Munster in recent years has been the ‘eastern end’ of West Cork — and in particular, the fertile lands between Cork City and Clonakilty.
Exceptional figures were recorded in three recent sales in this part of the world.
Interestingly, the lowest price per acre of the three was for a pasture land sale.
The first sale was of 12 acres in the townland of Cruary West for €325,000, an incredible €27,000 per acre. It’s about 1.5km south of the Agricultural College at Darrara, and about 5km from Clonakilty.
“The land is all in stubble, laid out in two fields,” says selling agent John Hodnett. “It’s very accessible, with good road frontage and it’s in a very good agricultural area.”
There were three buyers vying for this property, according to John. The successful purchaser was a local farmer.
It was another local farmer that purchased the next farm, an 11.5-acre block of pasture land in the townland of Ardgehane, approximately 8km to the east of Clonakilty.
The final price achieved wasn’t quite as spectacular, but was nonetheless very strong, at €200,000, or €17,391/acre.
The third holding was a 10-acre parcel just over 1km south of Clonakilty, in the townland of Youghals.
This was laid out in two fields that produced a beet crop in the past year, on south-facing land. This property ended up going to auction, where a farmer and two business people fought it out.
In the end, a local farmer produced the winning bid of €222,000, or €22,000/acre.
“It shows that there’s strong demand for small parcels of good quality land in West Cork,” says John of the three results.
He said that the €27,000 per acre sale was particularly surprising. “These were just small holdings, and they created very strong interest.”