Cork County Council Announces Affordable Homes in Fermoy

Cork County Council has announced a new Affordable Housing Purchase Scheme in Fermoy. Applications for the new three-bed houses at Rathealy Close, Fermoy will open at 12 noon on Tuesday the 19th of March 2024.

Constructed by Vella Homes, 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.

Nestled in the heart of the Blackwater Valley, offering plentiful local amenities, the development of A rated, high quality luxurious family homes lies in a much sought-after residential location in Fermoy.

The 20 three-bedroom houses will be available from €255,000 which represents a reduction of approximately 23% from market value.  

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%).

For more information click on the link https://rathealyclose.ie/