Macroom 112-acre farm makes €505,000
There were three bidders at last week’s auction of a 112-acre farm sitauted at Ummera, Macroom, writes Shirley Busteed.

Last week’s auction of a 112-acre residential farm situated at Ummera, Macroom, Co Cork brought a very successful conclusion to the year for selling agent Killian Lynch, Macroom. Buoyant demand around the Macroom/Coachford area almost guarantees a sale whenever land arrives on the market in the region.

Bidding for the Ummera property last week opened at €400,000 and steadily progressed to €475,000 with the help of three different parties. After being declared on the market at €475,000, the sale price moved past the €500,000 and soon arrived at €505,000 (€4,500/acre), at which stage the hammer fell. The buyer was a solicitor who was thought to be acting for a local farmer. The other two bidders were unknown.

Accessed from a long private laneway, the farm extends back in an irregular-shaped block that features circa 20 acres of forestry planted right in the middle. Generating an annual premium of circa €3,500 with seven years remaining, the forestry is found on the highest point of the farm while the land on either side is gentle sloping. It would be described as “high ground suited to grazing”. There is no road frontage.

Situated six miles west of Coachford and just a mile east of Macroom, the property has been used as an out-farm for a number of years and comes with a cottage residence and some outbuildings, all of which are in need of complete refurbishment. The reserve on the property was €480,000.

This property was first profiled in Irish Country Living magazine on 21 November 2015.

A strong opening to auction season 2019
The early part of 2019 has thrown up some really strong public auction results nationwide, writes Anthony Jordan.

In February, €18,000/ac was seen in Cork and over €15,000/ac was noted in Wexford. In Limerick, over 30ac fetched €10,000/ac while in Wicklow a smaller holding went for €13,500/ac.

Last week, more impressive sales were seen nationwide. In Roscommon, a suckler farmer paid an extraordinary €13,500/ac for land, over double the county’s average. In Kilkenny, a 42.5ac farm is believed to have sold around its guide of €11,000/ac while another small package in Roscommon made €10,000/ac.

However, we are reminded of the complexities of the land market. A number of sales this week did not make their reserve and were withdrawn. Irish Country Living profile a number of auctions across Ireland last week.

Suckler farmer pays €13,000/ac in Roscommon

“What is rare, is beautiful” – auctioneer Lorcan Egan of Vincent Egan Auctioneers was not too far wrong with his analysis of a very successful auction west of the Shannon.

By the end of a highly competitive public auction last week, €143,000 or €13,000/ac was paid for a small 11ac package in Carrownageeragh, near Boyle. Two suckler farmers dug their heels in as the land sold under the hammer for over double Roscommon’s county average.

There was little doubt coming into the auction that this parcel of land was in demand. The best indication of this was the pre-auction guide of €110,000 or €10,000/ac. There was evidently a hunch that farmers were interested in what was being offered. Once Egan offered it to the floor, the hunch was confirmed. Four local farmers, all suckler, showed their hands as they began placing bids on the property.

Opening at €100,000 or almost €9,100/ac, the bidders pushed the price until it reached €125,000 or €11,360/ac. At this point, just two neighbours were still in play. The two remaining bidders went hard until the hammer finally fell at €143,000 or €13,000/ac.

The farm was very good quality land. It also contains a cattle handling facility and a base for silage. The vendor was a private farmer. The farm was formally a beef farm.

Seven acres for €10,000/ac

A seven-acre parcel, at Ballybaun, Boyle, down the road from the 11ac at Carrownageeragh that sold for €13,000/ac, also sold well. It went under the hammer for €70,000 or €10,000/ac. Once again, a beef farmer bought it. Bidding opened at €50,000 or €7,150/ac before two local farmers bid it up. Both auctions took place in Four Provinces in Boyle, Co Roscommon.

35 acres withdrawn in Cork

A 35ac property was withdrawn from auction in Cork in late February. The holding, located at Longueville, near Mallow in Co Cork, was offered to auction via an online platform. The vendor was a private individual.

A 35ac property was withdrawn from auction in Cork in late February. The holding is located at Longueville, near Mallow in Co Cork.

No bid was received for the holding before it was withdrawn. Agents offering the farm, Munster Property Auctions (in partnership with local Mallow agent Liam Mullins) confirmed that the property will be re-offered on 4 April. It was guided for €297,000 or €8,500/ac. The farm is described as tillage and fattening lands and is situated on the banks of River Blackwater, circa 5km to Mallow on N72.

33ac Tullamore farm close to sale

A 33ac farm near Tullamore was withdrawn from public auction in the last 10 days.

The farm was offered in four lots, including the entire. It took 30 minutes for the agent, Gordan Cobbe of GVM Auctioneers Tullamore, to work his way through each of the four lots. On four occasions he switched from offering the entire and the individual lots in order to get the best price. In the end, each lot was withdrawn.

However, the ongoing negotiations are proving fruitful and the farm is close to a sale. Located in Annagharvey, Tullamore, Co Offaly the property encompasses 33ac. The first of these was a 17.5-acre parcel. Opening at €130,000 or €7,400/ac, three bidders pushed up the price to over €179,000 or €10,230/ac. It was withdrawn at this point. The first lot was described by the agent as a top-quality, arable farm. The second lot is almost 15ac.

This parcel is good grazing ground, but slightly heavier in nature than the previous lot. Opening at €70,000 or €4,800/ac, it reached €80,000 or €5,520/ac, before being withdrawn.

The third individual lot, 0.7 acres with farm buildings, opened at €20,000 and increased to €22,000. The entire opened its doors at €240,000 or €7,270/ac before being withdrawn at €280,000 or €8,480/ac.

Since the auction, progress has been made, according to the auctioneer.

A strong opening auction season
The early part of 2019 has thrown up some really strong public auction results nationwide, writes Anthony Jordan.

In February, €18,000/ac was seen in Cork and over €15,000/ac was noted in Wexford. In Limerick, over 30 acres fetched €10,000/ac while in Wicklow a smaller holding went for €13,500/ac.

Last week, more impressive sales were seen nationwide. In Roscommon, a suckler farmer paid an extraordinary €13,500/ac for land, over double the county’s average.

In Kilkenny, a 42.5-acre farm is believed to have sold around its guide of €11,000/ac while another small package in Roscommon made €10,000/ac.

However, we are reminded of the complexities of the land market. A number of sales this week did not make their reserve and were withdrawn. Irish Country Living profile a number of auctions across Ireland last week.

Suckler farmer pays €13,000/ac in Roscommon

“What is rare, is beautiful” – auctioneer Lorcan Egan of Vincent Egan Auctioneers was not too far wrong with his analysis of a very successful auction west of the Shannon.

By the end of a highly competitive public auction last week, €143,000 or €13,000/ac was paid for a small 11-acre package in Carrownageeragh, near Boyle.

Two suckler farmers dug their heels in as the land sold under the hammer for over double Roscommon’s county average.

There was little doubt coming into the auction that this parcel of land was in demand. The best indication of this was the pre-auction guide of €110,000 or €10,000/ac. There was evidently a hunch that farmers were interested in what was being offered. Once Egan offered it to the floor, the hunch was confirmed.

Four local farmers, all suckler, showed their hands as they began placing bids on the property.

Opening at €100,000 or almost €9,100/ac, the bidders pushed the price until it reached €125,000 or €11,360/ac. At this point, just two neighbours were still in play. The two remaining bidders went hard until the hammer finally fell at €143,000 or €13,000/ac.

The farm was very good quality land. It also contains a cattle handling facility and a base for silage. The vendor was a private farmer. The farm was formally a beef farm.

Seven acres for €10,000/ac

A seven-acre parcel, at Ballybaun, Boyle, down the road from the 11 acres at Carrownageeragh that sold for €13,000/ac, also sold well. It went under the hammer for €70,000 or €10,000/ac. Once again, a beef farmer bought it.

Bidding opened at €50,000 or €7,150/ac before two local farmers bid it up. Both auctions took place in Four Provinces in Boyle, Co Roscommon.

35 acres withdrawn in Cork

A 35-acre property was withdrawn from auction in Cork in late February. The holding, located at Longueville, near Mallow in Co Cork, was offered to auction via an online platform. The vendor was a private individual.

A 35-acre property was withdrawn from auction in Cork in late February. The holding is located at Longueville, near Mallow in Co Cork.

No bid was received for the holding before it was withdrawn. Agents offering the farm, Munster Property Auctions (in partnership with local Mallow agent Liam Mullins) confirmed that the property will be re-offered on 4 April. It was guided for €297,000 or €8,500/ac.

The farm is described as tillage and fattening lands and is situated on the banks of River Blackwater, circa 5km to Mallow on N72.

33-acre Tullamore farm close to sale

A 33-acre farm near Tullamore was withdrawn from public auction in the last 10 days.

The farm was offered in four lots, including the entire. It took 30 minutes for the agent, Gordan Cobbe of GVM Auctioneers Tullamore, to work his way through each of the four lots. On four occasions he switched from offering the entire and the individual lots in order to get the best price. In the end, each lot was withdrawn.

However, the ongoing negotiations are proving fruitful and the farm is close to a sale. Located in Annagharvey, Tullamore, Co Offaly the property encompasses 33 acres. The first of these was a 17.5-acre parcel.

Opening at €130,000 or €7,400/ac, three bidders pushed up the price to over €179,000 or €10,230/ac. It was withdrawn at this point. The first lot was described by the agent as a top-quality, arable farm. The second lot is almost 15 acres.

This parcel is good grazing ground, but slightly heavier in nature than the previous lot. Opening at €70,000 or €4,800/ac, it reached €80,000 or €5,520/ac, before being withdrawn.

The third individual lot, 0.7 acres with farm buildings, opened at €20,000 and increased to €22,000. The entire opened its doors at €240,000 or €7,270/ac before being withdrawn at €280,000 or €8,480/ac.

Since the auction, progress has been made, according to the auctioneer.

Land of opportunity in Carlow
A substantial farm of land is for sale near Hacketstown and has the making of a great property, writes Anthony Jordan.

Carlow land was a sought-after commodity in 2018. Strong demand from dairy farmers meant some of the prices noted around the county were impressive. According to the latest Land Report, the average land value in the county reached its highest level since the boom ended in 2009. In the interim, prices generally remained steady between €10,000/ac and €11,000/ac. The 2017 price of €12,178/ac highlighted the demand in Carlow for good-quality holdings. If sentiment is anything to go by, 2018 wasn’t all that different.

So how will 2019 fair out? Well, one of the first auctions to the floor in the county this year is a 93-acre residential farm in Coolmanagh, near Hacketstown.

Rare

Speaking with the agent offering the farm, John Dawson of REA Dawson Tullow, farms of this size are a rarity in this area. Now, while this may be the age-old line, Dawson isn’t too far wrong.

Carlow has never been a county to offer farms over 100 acres that often.

Over the last three years, just seven farms of over 100 acres have come to the market in the county.

To put this in context, Clare offered seven farms over 100 acres to the market in 2017 alone, while Cork offered nine with this acreage in June 2018.

One would expect with that level of supply, farmers will be turning their heads to what Dawson is bringing to the auction room on 20 March.

If that doesn’t do the trick, then the very realistic price guide of between €9,000/ac and €10,000/ac will not harm its chances either.

The farm

The farm itself is a comprehensive residential holding located circa 8km from Hacketstown, 12km from Tullow and 23km from Carlow town. Containing a two-storey traditional residence, a number of farm buildings and the aforementioned 93 acres of land, the property does tick a number of boxes.

The residence is a traditional farmhouse containing three bedrooms. The house is accessed by an attractive driveway which leads in off the main Carlow/Hacketstown Road R727.

In terms of proximity to the land, the house and buildings are situated to the front of the property, with direct access to the lands to the rear.

The house has been kept in very good condition and is ready to move into.

The ground level of the home includes; an entrance hallway, a sitting room with an open fireplace, a dining room, a fitted kitchen and a living room. The upstairs contains the three bedrooms and the main bathroom.

Outside the house is a courtyard-like setting, containing a number of farm buildings. This area is spacious and the potential to expand and upgrade the facilities would be a selling point for the farm (pending planning permission). Buildings here include a galvanised two-span shed (30ft × 30ft) enclosed on three sides. According to the agent, this shed would be ideal for machinery storage.

Other facilities include; a three-span hayshed with back-to-back lean-tos, an enclosed three-span lean-to/storage shed, a selection of stone-built out-offices, two stables with a galvanised roof, a part-lofted corn store that incorporates a workshop and an old fireplace. There is also a coal and timber shed, a cattle crush and a cattle collection area.

The close proximity of the house, the buildings, and the land enhances practicality. For a livestock farmer, however, investment would be needed in some of the buildings to get the most out of the farm.

The land

The land, incorporating 93 acres, is good-quality free-draining soil. It is laid out in one block and is presented in circa 10 large divisions. These could be further sub-divided. A field at the front of the holding next to the house and a small part of the rear of the farm requires drainage work, but besides that, the farm is in good condition.

Described by Dawson as a very fine grass farm, it has the benefit of road frontage and is bounded on one side by the River Deereen. It was previously owned by a beef farmer but has been leased out for a long number of years by two farmers. Dawson noted the excellent standard the two farmers have maintained the farm.

The sale

The farm is being offered by public auction. The sale takes place in the offices of REA Dawson Tullow on 20 March, unless it is previously sold. The guide on the farm is €9,000/ac or €10,000/ac.