12/07/2024
This launch follows successful earlier affordable housing schemes at Newton Heights, Boherboy Road, Cluain Chaoin, Tower, Crann Darach, Montenotte, Ardrostig, Bishopstown, Heathfield, Ballincollig and most recently, at Danesfort, Whites Cross.
This scheme brings the number of new, affordable homes made available through Cork City Council’s Affordable Housing Scheme to over 300 houses, enabling buyers to access quality, affordable, sustainable homes in highly sought-after locations across Cork City. The development consists of 16 affordable homes, including 10 three-bedroom end of terrace houses and 6 three-bedroom mid terrace, A2 rated, spacious homes
Welcoming the launch of the scheme, the Lord Mayor of Cork, Cllr. Dan Boyle said: “As a local authority, we are committed to meeting our objective of delivering high quality affordable homes for the people of Cork. This new scheme, the seventh scheme to launch under the council's Affordable Housing initiative, demonstrates the work that Cork City Council is doing to achieve the targets set by government. I want to thank both Citidwell Developments Ltd. and Cork City Council for their work in delivering this project”.
Brian Geaney, Deputy Chief Executive, Cork City Council, said: “The launch of a seventh affordable housing scheme at Seaberry Drive, Meadow Brome in Grange shows Cork City Council's commitment to developing an extensive affordable housing programme. The 16 affordable townhouses, one element of the larger residential development, will provide a further supply of high-quality homes for eligible applicants in Cork and assist in meeting housing targets, set out in the Government’s National Housing Plan, ‘Housing for All’.
It is envisaged there will be significant interest in this scheme which is located in a sought-after suburb with good public transport connections and proximity to many amenities and services. These homes will be available for sale via Cork City Council’s ‘Local Authority Affordable Purchase Scheme’,
The homes are for sale from approximately 20% below open market values to those who qualify for the Affordable Housing Scheme. For eligible applicants, the mid terrace three-bedroom homes will be available from €313,500 and end of terrace three-bedroom homes from €321,000.
The Seaberry Drive Affordable Housing Scheme homes are generally available for first-time buyers who do not already own a property, although exceptions will apply for ‘Fresh Start’ applicants.
Income limits apply and potential applicants are advised to familiarise themselves with the qualification criteria and the documentation required, details of which are available on www.seaberrydrivegrange.ie
Under the terms of the scheme, purchasers will enter an ‘Affordable Dwelling Purchase Agreement’ with the local authority, which will see the council retaining a percentage equity share in the house equal to the difference between its open market value and the price paid by the purchaser.
Applications may be made between 12 noon on Tuesday, 30th July, 2024 and 12 midnight on Tuesday, 20th August 2024 via an online application portal, available on www.seaberrydrivegrange.ie
Applicants are strongly encouraged to familiarise themselves with the documentation required to apply for the Scheme, as interest is expected to significantly outweigh the number of houses available for purchase.
