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Is it worth it?

What it is: Effectively two separate dwellings, this rural property has a one-bedroom unit and a three-bedroom unit with a total of 990 sq ft of living space. Situated close to Ballyvourney village and not too far from Macroom, it is close to the border of Cork and Kerry and the gateway to the Ring of Kerry. There are two living rooms and an old outside bathroom. The dwellings were originally built as gamekeepers’ lodgings on the Blarney Castle estate and hunting rights are included in the purchase price.

The problems: The agent’s brochure refers to the quaint little property as “an opportunity for any DIY enthusiast looking for a rewarding project”. This usually means one thing: it’s in rag order. Even the agent says it is not habitable, and the next owners would probably need to invest a sum of about the asking price again in order to have a viable property. The roof will need work, while in common with many such structures, the oldest parts of it are in the best condition. The house is by the side of the old road to Kenmare, but it is reasonably quiet these days, according to the agent.

The advantages: Though not located in one of the more fashionable parts of west Cork, the price is sure to raise an eyebrow or two given its location in one of the most scenic parts of the country. An t-Ealu could make a cosy holiday getaway for a lot less than €200,000. There is water, sewerage and electricity and car parking to the side, as well as a small back garden.

Sherry FitzGerald Hinchion, 026 41165, www.sherryfitz.ie