Bandon land could make €15,000 an acre
The land located around Bandon in West Cork is renowned for its quality, deep soil and superb drainage.
It’s an area which is easily accessed through good roads leading to nearby Cork city and which is close to a number of larger market towns such as Bandon and Clonakilty. Added to that combination i s th e f a c t th at th er e is no sh or t ag e of p rog re s si ve farmers in the area. Therefore, when well-maintained land comes up for sale around here, the expectation i s th at it w il l fet ch a g o o d price.
In the case of a 20-acre roadside holding at Farinivane ( just 4km north of Bandon), the selling agent is setting a price expectation in the region of €250,000 (€12,500 per acre), an expectation that may yet prove to be conservative.
“It’s superb quality,” says selling agent, Bandon- based auct io ne er Pad dy Mur ray . “The grass is about five years o l d , i t ’ s l ov e l y cl e a n g r a s s there.” As a measure of its value going back over the years, the agent notes it was purchased by the current owner’s grandfather 100 years ago for a price of £700.
This parcel could make the perfect “outside farm”.
O r i g i n a l l y , th e l a n d wa s part of the large Mountpleasant Estate. There is excellent road frontage on three sides, and the property comes with e n t i t l e m e n t s wo r t h in t he region of € 3,000 per annum. There is also a cattle crush, as well as the necessary water and electricity supplies.
“The soil quality here is excellent and suited to a number of farmer enterprises,” says Paddy. “It’s a south-facing property for the most part, with good, natural drainage.”
If the price follows any of the patterns set in these parts in recent years, the € 250,000 price guide will be exceeded: “We’re saying €250,000, but I think that it will make more than that,” says Paddy. “It could make up to €300,000 or at least go somewhere close to that figure, depending on how things works out.”
The price expectation is about €250,000 for this 20-acre propertty at Farinivane, Bandon, Co Cork.