Canal Bank, Clonburris, Dublin 22

South Dublin County Council is delighted to present Canal Bank at Clonburris. An exciting new development of contemporary homes, set within a dynamic and fast-growing suburban area of Clonburris. Thoughtfully designed, the development will feature beautifully landscaped communal green spaces, a children's playground, and a variety of recreational amenities, creating the perfect environment for modern living. 60 one, two, three and four-bedroom homes are being offered for sale by South Dublin County Council under an affordable dwelling purchase arrangement. These homes are, subject to exceptions, being made available for first-time buyers only. Just a 5-minute walk from Clondalkin Fonthill train station, Canal Bank offers unbeatable connectivity. Dublin City Centre is only 12 minutes away by train, with seamless transport links via train, bus, cycleway, and greenway. The M50 and national rail network provide easy access to the rest of the country, while the Red LUAS line at the Red Cow, just a 10-minute drive away, offers a convenient Park & Ride facility and multiple Dublin Bus routes. As a key component of the Clonburris Strategic Development Zone (SDZ) Planning Scheme recognised by the Irish Government as an area of strategic national importance Canal Bank is at the heart of a transformative vision for the region. South Dublin County Council, in collaboration with landowners, has developed a comprehensive plan to deliver homes, eight new schools, and ten creches within this expanding community. Applications for these new homes at Canal Bank must be made through the online portal which will open on the South Dublin County Council website in the coming weeks. https://www.sdcc.ie/en/services/housing/affordable-homes/canal-bank-clonburris You are eligible for the Local Authority Affordable Purchase Scheme if you satisfy the following criteria: 1. You are over 18 years of age. 2. You are a First Time Buyer or meet the exceptions under the Fresh Start principle, or own a dwelling which, because of its size, is not suited to the current accommodation needs of the applicant's household. 3. You have not previously purchased or built a home in the Republic of Ireland or elsewhere. Exceptions apply to Fresh Start principle applicants. 4. Each person included in the application must have the right to reside indefinitely in the State. 5. Your home must be your principal place of residence i.e. you must purchase the home to live in it. 6. You must need at least a 5% equity stake from the local authority. 7. You have a minimum deposit of 10% of the purchase price. It is recommended that applicants have their mortgage approval in principle prior to applying for an affordable home or at least be in a position to apply for a mortgage. In addition, a minimum of 30% of these homes will only be available to applicants who are or have been living in the South Dublin County Council administrative area for a minimum of five years. Applications for affordable purchase homes at Canal Bank will only be accepted via South Dublin County Council online application portal. The link to the application portal will be posted here and on the scheme website as soon as its available. Further information on this scheme, the Scheme of Priority for Affordable Dwelling Purchase Arrangements, information on income that is assessable, including rules around overtime, bonuses and commission, details of how to make an application and the required documentation, are available on https://www.sdcc.ie/en/services/housing/affordable-homes Note: Under the terms of the Local Authority Affordable Purchase Scheme, the upfront cost is reduced for the buyer while South Dublin County Council will retain an equity stake WHICH IS REPAYABLE ON THE SALE OF THE PROPERTY OR IN 40 YEARS TIME. Successful applicants have the option of buying out this equity stake over time if they so wish. Equity shares are calculated on an individual basis and are linked to an applicant's income, their savings and their mortgage capacity. These particulars are detailed for the purposes of representing the development only. Visual representations, finishes, layouts and/or scales may be approximate or representative of the development rather than exact specifications of the actual unit. The developer reserves the right to make alterations to the design and specification in the overall interest of the development. These homes will be available at a reduced price for buyers who are seeking to purchase a newly built home but need to bridge the gap between their mortgage and deposit to cover the full price of the home. Those interested in purchasing a home in this Scheme must be able to demonstrate that they can afford to pay the Minimum Sale Price set.