Cork Farm Auction Achieves €23,000 Per Acre
A 51-acre farm in Ballinagrath, Ballyhea, County Cork, recently sold at auction for €1.16 million, equating to €23,000 per acre. The auction took place on February 26th at the Charleville Park Hotel and was conducted by Michael Barry of Dick Barry & Son auctioneers .
Property Details
The farm, located close to Charleville and Buttevant (8km) and 1km west of the main Cork-Limerick road, was offered in two lots: a 27-acre parcel (Lot 1) and a 24-acre parcel (Lot 2) . Lot 1 included a three-bedroom single-storey farmhouse and a farmyard.
Auction Results
Bidding for Lot 1 began at €500,000 (€18,500/acre) and concluded at €740,000 (€27,400/acre). Lot 2 saw bidding start at €250,000 (€10,400/acre) and reach €350,000 (€14,600/acre). When offered as a whole, the farm surpassed the combined bids for the individual lots, ultimately selling for €1.16 million .
Market Interest
Michael Barry noted strong interest in the property, with three active bidders competing for the entire holding. He described the farm as an “attractive residential holding” .
Property Information
The property is located at Ballinagrath, Ballyhea, Charleville, Co. Cork, P56 VK22. The land is described as solid quality, sound, level, well laid out, and fenced, with a mains water supply . The farmhouse, built in 1913, is habitable but requires modernization .
Solicitors for the sale were O’Connor, O’Dea Binchy Solicitors, Main Street, Charleville .