Clarecastle is one of those villages that grew and grew —particularly in the last 20 years. This is because of its perfectly-formed size and location.
From a residential point of view, it’s near a good road network, close to a vibrant area that mixes traditional Irish rural life with one of the country’s industrialised hotspots.
From an agricultural point of view, the land is quite good, and you have all of the afore-mentioned advantages of markets galore on your doorstep in an area where the population growth shows no signs of slowing any time soon.
A current offering from the Ennis-based Costelloe Estate Agents is essentially a 50-acre agricultural holding on the outskirts of Clarecastle (just 700 metres to the west), but its €850,000 (€17,000/acre) price tag suggests that its potential as an investment lies as much in the residential are as in the agricultural.
The land is zoned 50% community use and 50% commercial use.
“It’s exceptionally well located,” says selling agent David Costelloe.
“You’re literally within 500m or 600m of the Ennis by-pass road and that brings you onto the motorway. It has substantial road frontage and it’s a great square block of land.”
Although the map indicates that it covers 50.2 acres in total, David estimates that about 10 of those acres are part of Ballybeg Lake.
“It’s a beautiful amenity,” says David, “and the land slopes gently down to it from its road frontage to its lake frontage. There’s lovely drainage off it and you have beautiful views of Ballybeg Lake and Ballybeg Wood.”
The agents say most of the land is of top quality, with about 34 acres of excellent limestone land, 5-6 acres “open to improvement”, and the 10 acres of lake.
While the next owner awaits a worthwhile commercial development project, they will be able to make full use of the land for their own farming, or let it out in what is increasingly becoming a landlords’ market.
Ennis is only 3.9km to the north. The previous planning permission (now elapsed) on the holding was for 240 residential units.
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