Interest in Cork land a positive indicator

Just over a month on the market and a residential farm in Ballingeary, Co Cork, has been sold for a sum above its most optimistic guide price.

The farm, at Gorteenakillsa, Ballingeary, Co Cork, went to final offers last week and was sold in a total of four lots to local bidders. It made €460,500 — ahead of its €400,000 to €450,000 guide price for the quality, modern residence and 64.55 acres of what’s been described as good quality land by auctioneer, Killian Lynch.

The farmhouse is a modern, stone-built building with 1,750 square feet of space and separate garage, and was offered as a purely domestic sale. He says the property wasn’t on the market a week when he had the first bid and the results of this sale only underline strong local demand for land.