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Affordable Housing Scheme - St. Ernan's Rathnew

Wicklow County Council Affordable Housing Scheme – St. Ernan’s, Rathnew, Co. Wicklow.

 

Wicklow County Council is delighted to launch an Affordable Housing Scheme at St. Ernan’s, Rathnew, County Wicklow.

There will be 44 dwellings in the scheme comprising of the below

 

No. of Units

 

Beds

 

Type

 

House Price/ Open Market Value

 

Minimum House Price

10

1 Bed

Apartment

€215,000

€165,000

8

2 Bed

House

€290,000

€240,000

16

3 Bed

House

€330,000

€280,000

8

3 Bed Semi Detached

House

 

€350,000

 

€300,000

2

4 Bed

House

€395,000

€345,000


The Affordable Housing Scheme makes local homes available at a reduced price for first-time buyers and Fresh Start applicants, whose combined mortgage and deposit will not cover the market price of a newly built home.

Through the scheme, Wicklow County Council takes a percentage equity stake (share of the ownership) in the home equal to the difference between the open market value of the property and the reduced price paid by the purchaser.

 

The portal will open on the 10th June at 12 noon you can access the portal on the link below at this time

https://affordablehousing.wicklowcoco.ie/sternansrathnew

 

The Portal will be open to accept applications from 10th June 2024 at 12 noon until the 22nd July 2024.   Applications will not be accepted outside of this period.

 

Please ensure you read the FAQ's which will advise of all documentation that will be required for your application and also will explain how the Affordable Housing Scheme works.  Your application cannot be assessed if we do not receive all the required documentation/information. As the scheme works on a first come basis your application can’t be given a time and ranking until all documentation is received.

 

The breakdown of properties and income limits are below

 

House Type

 

No. of

Units

 

Market Value

 

Min. Purchase Price (€)

 

Max Household Income Limit (€)

1 Bed

10

€215,000

€165,000

€45.957

2 Bed

8

€290,000

€240,000

€61,988

3 Bed

16

€330,000

€280,000

€70,538

3 Bed Semi Detached

8

€350,000

€300,000

€74,813

4 Bed

2

€395,000

€345,000

€84,432

 

Please see link below to  the Developers Webpage which gives futher information plus house plans.  

https://sternansrathnew.com/