The guide price for Milltown Park, Milltown, Co Offaly, has been significantly reduced. The property was originally brought to the market in the summer of 2014 at an asking price of €4m.

Extending to 285 acres, this sprawling estate comes with an eight-bedroom Georgian mansion, a stone-built courtyard, 195 acres of tillage and pasture land and 70 acres of forestry.

Although generating both national and international interest over the past 18 months, the property is still available but at a much reduced asking price of €3.25m. Located 10 miles from Birr and seven miles from Roscrea, Milltown is for sale by private treaty through Philip Guckian from Sherry FitzGerald Country Homes, Dublin, and William Montgomery in Northern Ireland.

Acquired by the Spunner family in 1500, Milltown is accessed from a long winding avenue that meanders through much of its own land. And nestled right in the centre is the beautifully stone-faced 7,183 square feet Georgian mansion which apparently is one of the first small Irish Palladian houses to be built back in 1720.

On a poised site, the house is surrounded by an array of mature trees, hedges and shrubs that offer oodles of character and privacy.

Over the past five years, the present owner of Milltown has made significant investment in upgrading the house. These improvements include a new roof and chimneys, new wiring and the installation of a new water supply. The interior is likely to require further modernisation and decoration but whoever buys Milltown, can be assured that the primary structure is sound.

Comprising three stories over basement, features include stone and marble flagged floors, decorative plasterwork, marble chimney pieces and venetian windows. The accommodation extends to four reception rooms and a small kitchen on the ground floor, four bedrooms and a bathroom on the first floor and a further four bedrooms and dressing room on the second floor. The basement, which has a separate entrance from the side of the house and has vaulted ceilings, features a country kitchen, cellar, larder, utility and three staff rooms.

Outside, there is a small walled garden that contains a three-roomed dovecot and a turf house as well a sweeping lawns to the front of the house that feature specimen trees.

Behind the house is a lovely lofted stone courtyard built in 1840. Under a slate roof, this contains an array of stables, coach houses, tack room, cart sheds, a cottage and fodder and grain stores.

Beyond this is a traditional farmyard comprising a six-bay round roof with lean-to that are used for cattle housing.

With the exception of a former lodge (now dilapidated) which is situated across the road, the land is set out in one 285-acre block and features extensive frontage to two roads.

Around 100 acres are used for tillage, 95 acres are in pasture (used to graze store cattle) while the remaining circa 70 acres are in forestry, mostly comprising hardwoods. The soil type is mostly of the Patrickswell series (calcareous drift) with some of the pasture area comprising Finnery River alluvium. What makes Milltown even more special is that it is almost entirely enclosed by a stone wall along the perimeter.