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