Affordable homes scheme opens for Carrigaline

Cork County Council recently announced the launch of an Affordable Housing Purchase Scheme in Carrigaline. The scheme offers two-bed and three-bed terrace houses at The Waters Edge on Church Road.

Starting from Monday 28 August at noon, those interested can submit their applications for the properties.

Constructed by CitiDwell Developments Ltd, the houses will generally be available for first-time buyers who do not own a home (although a small number of exceptions apply) and Fresh Start Applicants.

The scheme is close to amenities such as schools, shopping centres, healthcare facilities, and public transportation options.

The 14 two-bedroom terrace houses will be available from €241,000, representing a reduction of approximately 29% from market value.

The 18 three-bedroom terrace houses will be available from €262,500 which represents a reduction of approximately 27% from market value.

Welcoming the new affordable homes, Mayor of the County of Cork, Cllr Frank O’Flynn said, “Cork County Council is delighted to present this new development in Carrigaline that will not only bring much-needed housing to the area at more accessible prices but will also enrich the lives of those who will call it home.

“Located near the waterfront and close to many local amenities, these homes are well designed and finished to a very high standard.”

Through the scheme, purchasers will enter an affordable dwelling purchase arrangement with Cork County Council. Under this arrangement, the council will retain a percentage equity share in the dwelling, equal to the difference between the market value of the dwelling and the price paid by the purchaser, expressed as a percentage of the market value of the dwelling (minimum of 5%).

Applications for the scheme will be accepted between 12 noon on the 28 August and 12 noon on the 18 September via corkcoco.ie.