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.