Compact Residential Farm in Waterford for €10,000/acre

Covering 27 acres in total, the latest offering near Ballinamult from Dungarvan-based Harty Auctioneers is not a self-contained farming unit, but it does contain all the elements required, albeit in a smaller package.

The residential roadside farm is in an attractive location near the Co Waterford village and close to the Tipperary border. 

The name of Ballinamult comes from the Gaelic ‘Béal na Molt’, meaning ‘The Gap of Weathers’ and it’s a relatively well-protected area of strong agricultural activity before the land running north becomes more hilly and poorer.

The property is on the road that runs north from the main N72 Killarney-Dungarvan road towards the famous Nire Valley. This is one of the most scenic highland areas in the Déise county. 

It’s a long-established tourist amenity and has been on the crest of the wave of walking routes that have become an integral part of the Irish tourism product in recent years. 

The local tourism offer has evolved into other areas too, including mountain biking, while the continued growth of small, sustainable tourism products has played its part in maintaining the agricultural industry in the area too. 

It’s also synonymous with an enclave of successful Gaelic football in a county where hurling is by far the dominant Gaelic sport.

The farm is far from mountainous, featuring a nice extent of pasture land that enjoys great views to the north of the Comeragh Mountains.

According to the selling agents, there is good interest already in this property, which is well fenced and boasts an excellent collection of outbuildings. 

The dwelling is disused, but is in apparently sound condition structurally and it makes for an interesting asset should the next owner be someone keen on running a small holding for self-sufficiency, such as with a hobby farming enterprise or horticulture, for example.

The centrally located farmyard may not lend itself so easily to subdivision, but it does make for a convenient layout and all of this would serve it well as an outside farm. 

This size of holding can attract plenty of interest from farmers who are looking to expand. 

The roadside location, coupled with the full range of necessary buildings, make it a manageable chunk of land with potential for improvement. The property would also lend itself to somebody involved in the equestrian world. 

The house and good quality outbuildings are in place and the grazing is good, also. Prices in the bloodstock sector have been holding their own in the last couple of years, while their counterparts in the dairying and arable sectors have been going through their own travails.

“The land is all in good quality permanent pasture,” says Margaret Hegarty. “It has only recently been re-seeded… It’s all laid out in paddocks and there’s mains electric fencing around the whole lot of it. The old residence does need refurbishment, but it has all the services: Water, electricity, sewage and everything.”

The house has all its main services intact and the outbuildings consist of the following: Five-span cubicle shed with slatted tank; five-span shed with weaning and calving boxes and slatted tank; three-span shed with a lean-to; various other useful buildings that can be used as out-offices. 

The farm has a good water supply that’s private, as well as electricity and the property also benefits from the rarity of having entitlements. The selling agents say these are worth in the region of €6,000, per year.

The property does come with some mountain in the form of grazing rights. These are on the nearby Bleantasour Mountain, another attractive landmark in an area that often resembles a scaled-down version of Killarney’s lakes and mountains.

The guide price for this piece of land is €280,000. At €10,400 per acre, it represents an average value for good land in Munster.


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