New affordable homes scheme to open in Bandon
Applications for a new housing project in Bandon are set to open next Monday 15 July.
The affordable housing scheme at Almans View includes two and three-bedroom houses and will be be available for first-time buyers who do not own a home (although a small number of exceptions apply) and Fresh Start Applicants.
Constructed by JOD Developments, this development of 20 A-rated, family homes overlook Bandon town.
Cork County Council announced the scheme and said the 10 two-bedroom houses will be available from €220,000 which represents a reduction of approximately 25.4% from market value while 10 three-bedroom houses will be available from €260,000 which represents a reduction of approximately 22.3% from market value.
Mayor of the County of Cork Cllr Joe Carroll said: “The development at Almans View offers high-quality, affordable homes in an exclusive development within walking distance to the town centre.
“The houses feature a bright spacious layout, high-end finishes throughout and are located in a great location with scenic views across the valley over the River Bandon.”
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%).
Chief Executive of Cork County Council, Moira Murrell said: “This scheme of 20 houses is in addition to the 20 houses in Fermoy, 49 houses in Cobh, 32 houses in Carrigaline and 40 houses in Mallow that have been provided by the council under the Affordable Scheme in the past year. There are also several other Affordable Schemes due to come online over the coming months in towns throughout the county where the greatest need has been identified.
“These affordable homes are an important part of the council’s ambitious plans as set out under the Government’s Housing for All national housing plan.”
Applications for the scheme will be accepted from 12noon on 15 July to 12noon on 5 August via corkcoco.ie.