For years, it has been a firm favourite of city weekenders, drawn by its tucked-away feel and charming sense of possibility, embodied in Ballycotton Island sitting just offshore topped by a lighthouse.
With a position overlooking the sea just about 3km to the west of the famous village, a 32-acre holding is coming up for auction with CCM Property Network.
The holding is described as “a lovely parcel of land” by selling agent Éamonn O’Brien of CCM’s Mitchelstown office and it’s a property that is very much ready to be brought to market at this time.
“When you look at the aerial view, you can see that it’s all tillage land in that area,” says Éamonn, “but it’s a really nice piece of land that would be suitable for tillage or grass.
“By and large, there is no waste on the farm. The only wastage is a lios, or ringfort, but you can still have grazing across that if you wish.”
The land comes with vacant possession and with the very positive rarity of a Single Farm Payment, which is currently worth in the region of €3,200 per year. As it’s all in grass, the property qualifies for the greening payment.
The original entrance is a hardcore driveway that is shared by three people.
Although this doesn’t present any problems per se, every landowner prefers to have direct access from the public road and a new entrance from its public road frontage has ensured that this property has no potential question marks in that regard.
“What it does mean is that someone can use the laneway for the main agricultural access, but if someone wanted to build their own house, they would certainly stand a better chance being a land owner in the area.”
Beauty is an asset not to be underestimated, even when dealing with purely agricultural land. This offering enjoys splendid panoramas of the softly-rolling green land and the coastline zig-zagging to the immediate south and east of it. Holdings of this size are accessible to a wide range of people and there are many situations that it will suit:
“This could also suit the retiring farming couple who might want to build a house on the outside farm and be able to keep an eye on it for the son working the main holding,” suggests Éamonn.
“It could be a hobby farmer, or an adjoining farmer… it could suit a farmer who wants to consolidate his holding.”
He also points out that there is a still a strong market for the ordinary person on the lookout for investing in small holdings of land as a long-term place to park their savings. There is, he says, a ready market for this property in the leasing sector.
“We have come across that many times in the past,” says Éamonn.
“I think that there’s more interest out there because many people are looking and are asking themselves ‘do we put it into property and pay the property tax?’ or get into all the hassles of looking after their tenants, wondering who their next-door neighbours are going to be… But a piece of land will always be there.
“Land is cyclical – it goes through a range of values but it’s not as volatile as the housing market and it has a constant value that doesn’t deviate a whole lot… it’s pure asset and it’s yours until the day you sell it on.”
This piece of land will go under the hammer at 2:30pm on Wednesday, April 27, next at the Midleton Park Hotel. The price guide is set at a seemingly conservative figure of €300,000 (€9,500 per acre) but as every auctioneer says, it’s not where you start that counts, it’s where you finish.