ONLY YOU GET to decide when you are ready to buy your first home.
You are the one who decides on location, on size, on access to transport, the list goes on. You might only do it once in your life, so having a strong picture in your mind of what you want is key to getting your dream home.
If you’re a first-time buyer on the hunt for a home near Dublin city centre that ticks all of your boxes, Foxwood Barn is just what you’re looking for. Created by Glenveagh, one of Ireland’s leading home builders, this new community in Citywest is now on the market.
Foxwood Barn consists of exceptionally designed modern homes. All homes are A-rated on the BER scale, in line with the latest building regulations. Sustainability is a prominent feature across the collection of homes and each house has the highest standards of insulation and airtightness to ensure great comfort.
2, 3 and 4 bed homes are available as part of the community, meaning there’s a home to suit all your needs. Prices start at €430,000, providing a fantastic entry point if you’re looking to live in Dublin. Check out this virtual tour to see the gorgeous collection of homes for yourself.
In addition to the house types mentioned above, you can now also snap up a stunning duplex in the Foxwood Barn community, with prices starting from €370,000 for a one bed with study and €450,000 for a three bed. These duplexes just entered the market and are likely to attract huge interest.
Superbly located near Citywest, Foxwood Barn offers convenient access to a wide range of amenities, such as shopping, dining out, sports and social activities for all ages. Situated beside a number of local parks, including Sean Walsh Memorial Park, Carrigmore Park and Rathcoole Park, you’ll never be too far away from losing yourself in a relaxing green space.
The locality boasts plenty of options for educating any little ones, with schools available for children of all ages close to Foxwood Barn. There are a range of school types too, including Gaelscoileanna and Educate Together options, alongside numerous other secondary, primary and Montessori choices in the area.
Foxwood Barn is a short drive from the centre of Dublin and also has a number of public transport connections nearby. Three bus routes (the 175, 65B and 77A) are all close, and so is the Cheeverstown Luas stop, which is located right next to the Foxwood Barn community and offers convenient links to and from the city centre.
For those who prefer taking the car, the N7, N81, and M50 road links are minutes away. Foxwood Barn’s convenient location near multiple motorways means day trips, such as a short spin on the N81 to the idyllic Blessington lakes of Wicklow, are always an option.
Foxwood Barn is perfectly suited for first-time buyers as it qualifies for both the First Home Scheme and the Help to Buy Scheme.
Let’s take a two-bed property in Foxwood Barn as an example of how you can avail of both schemes together. The home purchase price is €430,000 and first-time buyers are required to have a deposit of 10% of the property value.
With the Help to Buy scheme, you can get a maximum of €30,000 towards your deposit, which means the cash deposit needed is only €13,000. In this case, the total mortgage needed to purchase the home would be €387,000.
Financial institutions in Ireland typically allow first-time buyers to take out a mortgage up to four times their gross annual income. For a couple with a joint income of €80,000, that equals €320,000. If we combine the deposit and the maximum approved mortgage, this still leaves us with a shortfall of €67,000 compared to the purchase price.
This is where the First Home Scheme comes in, by providing that €67,000 in return for a 15.5% equity share in the property. With the First Home scheme, there is no charge for the first 5 years, and a maintenance charge is applied after that. For more information, check out Glenveagh’s site.
For further information on Foxwood Barn and to request a viewing, register your interest here.
Foxwood Barn is brought to you by Glenveagh, one of Ireland’s leading community builders.
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