Over €1m ex­pected for 57-acre hold­ing near Ballincol­lig

Irish Examiner - Farming - - PROPERTY - Conor Power

De­scribed by the sell­ing agents as be­ing in a “strik­ing lo­ca­tion” that is within just 15 min­utes of Cork city cen­tre, a 57-acre res­i­den­tial hold­ing in the town­land of Bally­bur­den, near Ballincol­lig, cer­tainly rep­re­sents a rar­ity that many pro­gres­sive farm­ers will have been await­ing for some time. The prop­erty con­sists of 57 acres of what sell­ing agent Michael McKenna de­scribes as “high qual­ity agri­cul­tural land” in one block. Lo­cated in the town­land of Bally­bur­den (just a kilo­me­tre or so south of the Ballincol­lig by­pass), the land is a mix­ture of tillage and pas­ture and is pre­sented to the mar­ket in three lots.

Lot 1 con­sists of the dwelling, out­build­ings (one of which was the for­mer res­i­dence, ac­cord­ing to the prop­erty’s owner) and yard on circa 1.5 acres. Lot 2 com­prises 54.5 acres of land, while Lot 3 is a 1-acre hold­ing that’s sep­a­rate from the rest of the prop­erty.

In­ter­est so far has been very strong, ac­cord­ing to the Cork­based sell­ing agents: “We’re al­ready over our ask­ing price on the house and 1.5 acres,” he says, “and in­ter­est in the land has been very strong too.”

Some of the land, the agent says, is “hilly, but still with very good graz­ing. Of the rest of it, there are nearly 20 acres in tillage. It’s a fine piece of ground.”

All the in­ter­est in the land so far has been lo­cal, with the far­thest in­ter­est so far hail­ing from Mac­room. “The in­ter­est in the house has been mostly lo­cal too,” says Michael. “It’s in need of moderni­sa­tion but it has a lovely set­ting and there are two nice out­build­ings with it on an acre and a half.” The rar­ity of such a sub­stan­tial piece of ground com­ing on the mar­ket so close to Cork city (and par­tic­u­larly to Ballincol­lig) means that ex­pec­ta­tions can be jus­ti­fied in be­ing strong. The agri­cul­tural land value is cor­rectly pitched at €12,000-€13,000/acre and the stated ask­ing price (al­ready ex­ceeded) on the house with 1.5 acres is €300,000. The re­main­ing sep­a­rate one-acre por­tion could very well be the dark horse in this sale, with its plan­ning po­ten­tial so close to Ballincol­lig and other new houses. It all de­pends on the re­ac­tion of the mar­ket: There’s no doubt­ing the sig­nif­i­cant num­ber of own­ers of semi-de­tached houses in the im­me­di­ate area who dream of build­ing their own home in the coun­try con­ve­nient to work. How many want to do a deal sub­ject to plan­ning per­mis­sion, how­ever, will help de­ter­mine the price.

Aerial view of the res­i­dence on the 57-acre prop­erty for sale at Bally­bur­den, Ballincol­lig, Co Cork.

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