Lovely Leitrim holding

LEITRIM is the newest playground for holiday home buyers and retirees — even President McAleese has a house there.

Tax incentives for holiday homes and rural renewal kicked off a rush to the north-west in the early years of the Celtic Tiger, and cheap prices, combined with an accessible, lakeshore environment, did the rest.

Leitrim has jumped from being the poorest county in the country to one of the most desirable holiday locations.

A land of peat and water, it has proved an ideal combination for jaded city types, and Carrick-on-Shannon has become a sophisticated boating town, part of the Shannon-Erne waterway.

An interesting Leitrim property with lake frontage is back on the market, having failed to sell at auction in December. This Lough Rynn farm is a very attractive holding, with a traditional four-bed farmhouse, 21 acres, and some sheds.

On the market with Doreen Walsh of BD and Walsh, it has spectacular views over Lough Rynn, and is minutes from the salubrious Lough Rynn Hotel and golf course.

Carrick-on-Shannon is 15 miles away, and smaller towns like Drumlish, Rooskey and Mohill are all within a short drive.

The property has 20 acres of good quality, dry pasture-land, says Ms Walsh, and eight acres of water and lakeside fields, which are only suitable for summer grazing — and that didn’t include last summer. The stout, four-bed farmhouse needs complete renovation, but its location would repay any investment.

The grounds around the house are lush and mature, with mature trees and shrubs, and the yard has had stables and outhouses added fairly recently, including a hay-barn.

The property was for sale by private treaty over the summer and went to auction on December 5. It carried a previous value of €1 million, a figure which might not be sustainable in the present climate.

Lough Rynn Farm can be sold in lots which include the house and a site of 0.6 acres, a second lot of 21.15 acres; the house, site and lakeshore lands of 8.134 acres; and the non-lakeshore lands of 13.646 acres.

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