A residential farm outside Castlerea has come to the market in a sale that underlines two live issues in rural Roscommon - demand for good roadside farmland and the growing push to bring vacant and derelict homes back into use.
Sheehy Meares Team Earley is offering the 43.53-acre holding at Lisalway, Castlerea, by private treaty or auction later, with a guide price of €450,000 for the entire property. The farm, comprised in Folio RN2472 and located between Castleplunkett and Castlerea, includes quality roadside agricultural land, a traditional bungalow residence, a three-bay hay shed with lean-to cubicle shed, and extensive road frontage.
The sale comes at a time when refurbishment grants are increasingly shaping the market for older rural homes. Under the Vacant Property Refurbishment Grant, qualifying buyers may be able to access up to €50,000 for a vacant property, with a further €20,000 available where a property is confirmed as derelict. The scheme can also be used in rural areas and may be combined with eligible energy upgrade supports, subject to the relevant terms and conditions.
To the rear of the residence is a three-bay hay shed with lean-to cubicle shed.
Auctioneers say that the Lisalway property is likely to attract interest not only from farmers seeking additional land, but also from buyers looking for a restoration project with a sizeable rural holding.
The residence is BER G and is described as offering significant refurbishment potential. Grant eligibility, funding levels and any redevelopment plans will depend on the buyer’s circumstances and the relevant scheme requirements.
The holding is being offered in a number of lots: Lot 1 comprises the entire 43.53 acres with residence and farm buildings at €450,000; Lot 2 comprises approximately 42.14 acres of roadside agricultural land at €360,000; Lot 3 comprises the traditional residence with sheds on approximately 1.39 acres at €90,000; Lot 4 comprises approximately 14 acres at €120,000; and Lot 5 comprises approximately 28.14 acres at €240,000.
This prime holding has a traditional style bungalow residence, offering outstanding potential for residential redevelopment, or investment.
Keith McLoughlin of Sheehy Meares Team Earley said the property represents “a rare opportunity to acquire a substantial residential farm in a proven farming location, with scope for agricultural use, restoration and future residential potential".
Further information is available from Keith McLoughlin on 086 0848590 or Sheehy Meares Team Earley, Stone Court Centre, The Square, Roscommon, on 090 662 6579.
