Property Description

"TUSKAR"
3 Bed End of Terrace Townhouse

Total Area 1,087ft2 / 100.6 m2

Bright Spacious 3 Bedroom Home.

Sirio Homes in partnership with Cork County Council, are delighted to launch an Affordable Housing Scheme at Cluain Ard, Cobh, Co. Cork.
Set on "The Great Island" the Development is in a wonderful location within walking distance of Cobh town.

Welcome to Cluain Ard " Close By The Sea" A Truly Affordable Home...,. Sirio Homes and Cork County Council are delighted to bring to the market Cluain Ard Cobh,

https://www.corkcoco.ie/en/resident/housing/affordable-housing/affordable-housing-at-cluain-ard-cobh-co-cork

A superb new development of A rated, high quality luxurious family homes in a much sought after residential location in Cobh.
This exclusive new development consists of a selection of 3 bedroom
Semi-detached homes, and 2 bedroom mid Townhouse homes completed to an extremely high standard both internally and externally, in a well designed and attractive landscaped setting.
This development of only 49 homes is a testament to its contemporary features and spacious accommodation.
21 No. 2-bed townhouses, 22 No. 3-bed end of terrace houses and 6 No. 3-bed semi-detached houses at Cluain Ard, Cobh, Co. Cork are being made available for sale by Cork County Council as constructed by Sirio Homes under affordable dwelling purchase arrangements under the Affordable Housing Act 2021 and associated Regulations. 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. As per the Affordable Housing Act, only one application, per couple/single person, per scheme, is allowed.
Architecturally designed to fit in with the landscape, taking in the panoramic views of the surrounding countryside ,yet only walking distance to Cobh Town . The spacious living areas are generously proportioned, the bright aspect adds to the feeling of light and space throughout. Each of these superb homes is completed to an excellent standard, with a selection of personalised finishes, tiles and colour schemes to choose from.

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AFFORDABLE HOUSING SCHEME.
FAQ,s

Q: How do I apply for the scheme?
A: Applications and supporting documents will be accepted through an ONLINE APPLICATION
system. The Application Portal launch period will be advertised via press and social media
well in advance of the open date.
The system will allow for input of all relevant data and uploading of all supporting
documentation. Details of the online application portal will be released in print media
together with notification to those who have registered an expression of interest. Please
refer to Section 3 above for Steps to Register and Log In to the online application system.

Q: How do I prove that I am a First Time Buyer?
A: Tab 5 of the online portal application by self-declaration and/or Help to Buy approval
obtained from the Revenue Commissioners. Alternatively, a Solicitor's Declaration will suffice.
Declaration that you have not previously owned a house in Ireland or abroad.

Q: Am I eligible if I am not a first-time buyer?
A: No, with the exception of certain exemptions which are set out in the Affordable Housing
Act 2021. This allows for particular categories of exceptions to the First-Time Buyer eligibility
criteria to include circumstances of Divorce or Separation, Personal insolvency or
bankruptcy, subject to terms and conditions. (See Section 1)
Q: What documentation is needed to support my application?

A: Proof of Income for all applicants.
Proof of Income Documentation Required:
- PAYE salaried applicants must provide an up-to-date Salary Certificate (Employment Detail
Summary available via www.revenue.ie/MyAccount).
- Self-employed applicant must provide Accountants Report/Audited Accounts (2
Years Required), Current Tax Balancing Statement & Current Preliminary Revenue Tax
Payment Receipt.
- Evidence that applicant(s) are first time buyers: e.g. Help to Buy confirmation (available
from www.revenue.ie)
- Evidence of ability to finance the purchase: e.g. Provisional loan approval letter from Bank,
Buidling Society or Cork City Council or online calculator showing ability to potentially
borrower purchase amount.
- Copy of Passport / Driver's License.
Proof of Residency:
- Utility bill/Rental agreement / correspondence showing proof of residency within Cork City
for 5 years or more.

Q: How much deposit do I need?
A: Financial institutions require that a minimum 10% of the full purchase price must be raised as
a deposit from your own resources.
The Help to Buy Scheme (HTB) operated by the Revenue Commissioners can be utilised
towards this deposit amount where the applicant is eligible for the HTB Scheme.

Q. How does the Help to Buy Scheme impact on the amount of the Loan.
A. Please refer to the qualifying criteria defined by the Revenue Commissioners for eligibility for
the scheme. (www.revenue.ie)

Q: How do I know which property to apply for?
A: It is recommended that single person households apply for the 2 Bedroom dwelling - on the
basis that under the Scheme of Priority for Affordable Dwelling Purchase Arrangements.

Q: How is a decision made on my application?
A: The decision on your application is made by Cork City Council in accordance with
the eligibility criteria set out in Section 2 of this document and a Scheme of Priority adopted
by Cork County Council.

Q: If I am approved for the scheme, where am I allowed to source a loan?
A: Finance can be secured from any private lending institution such as a Bank or Building
Society. Alternatively, finance can be sourced via Cork County Council by way of a Local Authority
Homeloan.

Q: How do I provide evidence of the ability to fund the purchase?
A: An Approval in Principle letter from a private financial institution or a Local Authority Home
Loan approval from Cork County Council, Housing Loans & Grants Section, Housing Directorate
should be provided.
Alternatively, an online calculator showing ability to potentially borrow the purchase amount
can be provided. An example of an online calculator can be found at the following link
http://rebuildingirelandhomeloan.ie/calculator/

Q. If not an Irish National, how do I prove residency in Ireland?
A. Applicants need to be an Irish/UK/EU/EEA citizen or have indefinite leave to remain in the
state. There is no time limit on residency once that is the case.
In the absence of same, a letter of confirmation from the Department of Justice - through
either the Immigration Service and/or the Garda National Immigration Bureau would be
required to confirm your residency status.

Q. How long before I am notified that my application is successful?
A. It is intended applicants will be notified within 6 weeks of closure of the application portal.

Q. What is meant by an Equity Share?
A. The Equity Share represented as a % value of the dwelling, is the difference between the
purchase price and open market value at time of purchase.

Q. Can I redeem the Equity Share at any time?
A. You can redeem the equity share in full or by instalments. The minimum redemption
instalment is €10,000.

Q. Will I be able to select which house I want.
A. Preference of applicants for a particular house location within the scheme will be based on
the confirmed order of merit post assessment of applications by Cork City Council.

BER Details

Energy Performance Indicator: 0.00 kWh/m2/yr

This property was last updated: 56 days ago