"Once in 200 Years" farm should fetch approx €470K

A 64.8-acre residential farm approximately 3km west of the North Cork market town of Newmarket has just come up for sale with Mallow-based auctioneers Liam Mullins & Associates.
The 65-acre for sale at Lisdangan, Newmarket, Co Cork.
The 65-acre for sale at Lisdangan, Newmarket, Co Cork.

A 64.8-acre residential farm approximately 3km west of the North Cork market town of Newmarket has just come up for sale with Mallow-based auctioneers Liam Mullins & Associates.

The property is located in the townland of Lisdangan and, according to the selling agent, has been in the possession of the same family for the last 200 years.

Of the almost 65 acres, approximately 43 acres consist of excellent quality land while the remaining 21.5 acres mainly includes mature forestry which runs down to the River Owenkeal.

“The trees give the property some great shelter,” says selling agent Liam Mullins. “And all the fields are south-facing.”

These days, the value of a good shelter belt is reflected in agricultural policy around Europe, in contrast to a time not so long ago when farmers were being encourage to clear ditches for larger (more exposed) fields.

“Here,” says Liam, “there are oak and beech trees around every field.”

The farm is all in grass at present. Its quality would lend itself to just about any farming activity, but Liam expects that a dairy farmer will be the most likely buyer.

“It would suit a dairy farmer very well because this is dairy country around here,” he says.

“If one wanted to use it for tillage, it would work, because it is the best of ground, it’s lovely ground.

“This farm has essentially never been sold. It has been in the same family for the last two centuries, and it’s a farm that probably won’t be sold again for another 200 years!”

While the agent is unclear on a price expectation, it would be reasonable to expect a figure of between €9,500 and €10,000 per acre for the good quality land, and approximately €3,000/acre for the woodland, giving an overall value in the region of €470,000, based on recent sales in the area.

More in this section

Farming
Newsletter

Keep up-to-date with all the latest developments in Farming with our weekly newsletter

Sign up
Revoiced
Newsletter

Our Covid-free newsletter brings together some of the best bits from irishexaminer.com, as chosen by our editor, direct to your inbox every Monday.

Sign up