Waterford County Council present new four-bed affordable housing homes for sale
Ten new affordable homes for sale at Leargán, Kilmacthomas, Co. Waterford with applications opening soon
Waterford City and County Council, in partnership with Kent Homes, is pleased to present ten new affordable homes for sale at Leargán, Kilmacthomas, Co. Waterford.
Located beneath the Comeragh mountains in the heart of Kilmacthomas and minutes from Waterford Greenway and Coumshingaun Lake, Leargán is a thoughtfully planned collection of timber frame, energy efficient A-rated homes.
The 4-bedroom 135.5sqm semi-detached homes are being made available for sale supported by the Department of Housing, Local Government and Heritage through the affordable purchase arrangements under the Affordable Housing Act 2021 and associated regulations.
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The Affordable Purchase Scheme is a Government initiative which enables new homeowners to get an additional subsidy in the form of an equity stake through Waterford City and County Council.
Seamus De Faoite, Director of Services for Housing with Waterford City and County Council said, “Leargán presents a fantastic opportunity for those looking to settle and grow in Kilmacthomas. Through the Affordable Purchase Scheme, first time buyers or those eligible for Fresh Start, can purchase a four-bedroom home at a reduced market price.
“Waterford City and County Council has already introduced several of these schemes, under the Housing for All initiative. Ballycarnane in Tramore and Summerfields in Kilbarry are just two examples of Waterford City and County Council supporting sustainable communities while meeting Waterford’s housing needs.”
The minimum purchase process of these quality homes is €360,000 and to apply applicants must be first time buyers or qualify under the Fresh Start Principle, which applies to those who have previously purchased or built a property, but have divested themselves of their interest in the property.
The final purchase price paid by successful applicants will be based on income and mortgage capacity and Waterford City and County Council will take an equity share in the home, representing the difference between the market value and the price paid.
Applications for Leargán open at 10am on Monday, May 25th. Mortgage approval in principle is strongly recommended before applying.
For full details, eligibility criteria and application information, please visit https://waterfordcouncil.ie/services/housing/affordable-housing/