FANCY BUYING A home in the real capital?
Midleton, Co Cork, is a fantastic suburb only twenty minutes away from Cork city. It is an amazing location for foodies and adventurers alike, as well as those who like to spend time in the city. It offers the perfect blend of town and city life, allowing you to dip into both at your leisure.
Glenveagh’s Maple Woods is a striking new collection of beautifully designed family homes in the heart of Midleton. On sale through McCarthy & McGrath, you can snap up one of the spacious three-beds left on the market, with prices starting from €355,000 for a mid-terrace, €365,000 for an end-terrace and €392,500 for a semi-detached.
Maple Woods is located just off the N25 and close to the M8, which links Cork to other major counties. Situated a short drive outside of Middleton town, you can enjoy easy access to a variety of transport links, including Cork train station, which offers services to Waterford, Wexford and Dublin.
As the largest town in east Cork, Midleton is home to several fantastic options for food and drink, including award-winning restaurants, quiet cafes, cosy pubs and modern lounge bars that provide an option for all. Jameson calls Midleton home and offers an amazing tour of its nearby distillery, which is home to the world’s largest pot still.
Midleton itself is a haven of adventure and activities. From waterside walks and seasonal markets, to the finest of art galleries, it has it all. Nearby, Cork Opera House, Fota Wildlife Park and Trabolgan Holiday Village are just some of the family-friendly entertainment options. Ballymaloe Cookery School and Farm is close by too, giving you an opportunity to brush up on your culinary skills.
The town also boasts a number of green spaces and attractive landscaped areas, not to mention local parks, farmer’s markets and sandy beaches. You’ll find it hard to believe how close you are to Cork city with the number of beautiful nature options in the locality.
Midleton also offers plenty of options for those outdoorsy types. Sailing centres, three Blue Flag beaches, wind-surfing, golf and pitch and putt as well as a variety of trails, hikes and scenic drives are all on offer.
All homes in the Maple Woods community are new builds and boast excellent energy efficiency credentials, with a minimum A-rating on the BER scale, thanks to high standards of insulation and air tightness. These modern homes are equipped with the latest technology, leading to high levels of comfort.
As with all Glenveagh builds, potential buyers will be supported with unrivalled service by helping to simplify the buying process, offering advice and supporting buyers every step of the way.
Maple Woods 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 three-bed property in Maple Woods as an example of how you can avail of both schemes together. The home purchase price is €355,000 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, meaning the remaining deposit is only €5,500. This means the total mortgage needed to purchase the home would be €319,500. For more information on the Help to Buy scheme, check out Glenveagh’s site.
The First Home scheme can bridge any difference between the deposit and the mortgage up to the value of 20% of the property price (when used in conjunction with the Help to Buy scheme).
Under the current central bank rules, mortgages can account for up to four times the gross salary of applicants. For a mortgage applicant(s) with a salary of €65,000, that equals €260,000. If we combine the deposit and the maximum approved mortgage, this still leaves us with a shortfall of €59,500 compared to the purchase price.
This is where the First Home Scheme comes in, by providing that €59,500 in return for a 16.7% 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 Maple Woods and to request a viewing, register your interest here.
Maple Woods is brought to you by Glenveagh, one of Ireland’s leading community builders.
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