Council mortgage scheme: What the €320k limit will buy you

Eligible homes in Dublin, Cork, Galway, and around the country

5 Johnstown House, Glasnevin, Dublin 11: €170,000, DNG Phibsboro

5 Johnstown House, Glasnevin, Dublin 11: €170,000, DNG Phibsboro


A new local authority mortgage scheme offers the possibility of buying a home for those who haven’t been able to get a mortgage, and for a better interest rate than on the open market. But in an overheated market, what sort of home can be bought for within the house price limits for the scheme?

The scheme, which will commence on February 1st, is aimed at first-time buyers with salaries of up to €75,000. It offers low-interest rate mortgages (starting at just 2 per cent fixed) to buyers of properties worth up to €320,000 in the greater Dublin area, Cork and Galway. The ceiling in the rest of the country will be €250,000.

The greater Dublin area for these purposes includes “commuter counties” Meath, Wicklow, Kildare and Louth., The mortgages will be on homes up to €320,000 purchase price (with a maximum mortgage of €288,000).

In some areas of Dublin, €320,000 or less in the current market will buy a two-bedroom apartment. If you spread the net wider, and especially into surrounding counties, you get a little more for that money.

Here are some examples of what’s on offer at the moment on, under the €320,000 limit, in the Dublin area, Cork and Galway.

The asking prices here could rise if there bidding on the homes, as supply is still severely limited. Therefore all of these have an asking price of less than €300,000.

Dublin city and county

186 St Attracta Road, Cabra, Dublin 7: €295,000

Two-bedroom end-of-terrace, in good condition in a mature part of east Cabra, minutes from Phibsboro, close to schools, shops and DIT with good public transport including Luas. Large garden and kitchen extension.
Agent: Property Team Lappin Estates.  More details here

19 Riverbank, Rathfarnham, Dublin 14: €299,000

Two-bedroom, two-bathroom first-floor apartment with a balcony, on the Dodder Park Road, close to lots of amenities including Rathfarnham village and Bushy Park. Spiral stairscase to the attic conversion with second bedroom and WC. Own-door access and car parking.
Agent: Castle Estate Agents. More details here

33 Drumcliffe Drive, Cabra, Dublin 7: €295,000

A two-bedroom end-of-terrace house that needs modernisation, but has room to extend to the side and rear (subject to planning permission).

Agent: DNG Phibsboro. More details here

111 Jamestown Road, Inchicore, Dublin 8: €295,000

Three-bedroom end-of-terrace house, convenient to Dublin city centre, in good order with original fireplaces and a 50ft back garden and off-street parking.
Agent: Murphy Mullan. More details here

3 Allenton Road, Old Court, Dublin 24: €310,000

Three-bedroom, two-bathroom semi-detached house in good condition in a mature housing development off Firhouse Road. Convenient location, close to Old Bawn and other shopping centres, Tallaght Hospital and the institute of technology.
Agent: JP&M Doyle Terenure. More details here

13 Derry Park, Crumlin, Dublin 12: €295,000

Terraced two-bedroom house in a mature residential area of Crumlin, well maintained, with Kingspan insulation, Super Seal windows and an upgraded front door with multipoint locking, plus a large south-facing garden with office/studio.
Agent: Sherry FitzGerald Sundrive. More details here

5 Johnstown House, Glasnevin, Dublin 11: €170,000

One-bedroom top-floor apartment which needs complete internal refurbishment, within walking distance of lots of amenities.
Agent: DNG Phibsboro. More details here

371 Bachelors Walk, City Centre, Dublin 1: €260,000

Two-bedroom top-floor apartment in good condition in the heart of Dublin city centre, in a gated development beside Ha’penny Bridge. It has a balcony and communal gardens.
Agent: Property Team Lappin. More details here

Commuter counties

51 O’Byrne Road, Bray, Wicklow: €280,000

Three-bedroom mid-terraced house that needs modernisation. Just off the Vevay Road, within walking distance of shops, schools and public transport.
Agent: Mitchell Douglas. More details here

10 Martello Manor, Strand Road, Bray, Wicklow: €290,000

Two-bedroom apartment overlooking Bray esplanade and prom, close to amenities. Could do with refurbishment. One of a small number of apartments in a mature development. Agent: Dooley Auctioneers. More details here

220 Charlesland Court, Greystones, Wicklow: €279,950

Terraced two-bedroomed, two-bathroom house in good condition, with a partially converted attic which needs cosmetic finishes, west-facing gardens and decking. There’s a free shuttle bus between Charlesland and the Greystones Dart station.
Agent: Property Partners O’Brien Swaine. More details here

38 Monread Court, Naas, Co Kildare: €289,000

Semi-detached house with four bedrooms, at the end of a cul-de-sac in a mature residential area of Naas. Within walking distance of the town.
Agent: Sherry FitzGerald O’Reilly Naas. More details here

5 The Crescent, Moyglare Hall, Maynooth, Co Kildare: €285,000

Three-bedroom terraced house, a stroll from Maynooth town and university, in a well maintained development.
Agent: Sherry FitzGerald O’Reilly Naas. More details here

33 Elmwood Close, Termon Abbey, Drogheda, Louth: €220,000

Four-bedroom (main en-suite) semi in a cul de sac, facing green area, with a utility room and large attic room with en-suite.
Agent: Thomas Byrne Auctioneers. More details here


36 The Lawn, Janeville, Cork Road, Carrigaline, Cork: €285,000

Three-bedroom end-of-terrace in a new release of three townhouses. This three bedroomed 1,022 sqft house due to start construction shortly.The A-rated houses will be on the Cork Side of Carrigaline, close to the Shannon Park roundabout.
Agent: Dan Howard and Co. More details here

57 Frankfield, Douglas, Cork: €285,000

Three-bedroom detached bungalow in mature cul de sac. Originally a four-bedroom house, it was converted to three to make a larger sitting room. Private rear garden. A garage attached to the property with tiled roof could be converted.
Agent: Dennehy Auctioneers. More details here


50 Drom Oir, Knocknacarra, Galway: €300,000

Four-bedroom, three-bathroom semi-detached dormer bungalow with office/study, built in late 1990s in a popular estate in the Knocknacarra. Well located for Galway city centre and NUIG, with off street parking, on a corner site.
Agent: O'Donnellan & Joyce Auctioneers. More details here

19 Rian Luachra, Ballybane, Galway: €168,500

Three-bedroom semi in walk-in condition, close to Galway Mayo Institute of Technology, with city garden/patio and side entrance.
Agent: John Quinn Auctioneers. More details here

New developments

Some new home developments coming on stream in the greater Dublin area are also likely to fall into the price cut-off for the new mortgages.

The Paddocks, Portrane Road, Donabate
An early summer launch is expected for about 48 three-, four- and five-bed homes on a six-acre site. Prices have yet to be confirmed but are expected to range from €300,000 to more than €500,000.
Developer: Grelis. Agent: Gallagher Quigley

Cuil Duin, Fortunestown, Citywest

Launching this month, 40 three- and four-bed semi-detached homes, with three bed semis from €320,000 (four bed semis from €420,000).
Developer: Harcourt Developments. Agent: Hooke & MacDonald

Citywest Village, Citywest, Dublin 24

Release is expected in late spring of another 40 homes. A mix of three-bed mid-terrace, end-terrace and semi-detached homes from 109sq m to 124 sq m, priced from €320,000.
Developer: Davy Hickey. Agent: Sherry FitzGerald New Homes

Under €250,000

Outside Dublin and its surrounding counties, and Cork and Galway, the house price limit, for people who want to apply for a lower rate local authority mortgage, is €250,000 (which means a maximum mortgage of  €225,000). Prices vary for homes vary from county to county, and in some places you get much more bang for your buck, even within this price range, as a quick look at houses for sale on indicates.

Tullaghan House, Tullaghan, Leitrim: €250,000 (reduced by €30,000 in November 2017)

The seven-bedroom (and eight-bathroom) period house in Tullaghan, beside the village on the main Bundoran-Sligo road (N15), has extensive outbuildings and is on about two acres, situated close to the Drowes River.  Built in the mid 18th century, it has a gravel avenue and  spectacular view of   sea and mountains. With three reception rooms and six ensuites, plus a “priest’s hole” (a hiding place  where priests were hidden during   penal times), this has potential to be more than a simple family home. It does, however, need a bit of work. It’s 3km from the seaside resort of Bundoran.
Agent: Sherry FitzGerald Draper. More details here

Sheemore View, Drumbranned, Kilclare, Carrick-on-Shannon, Leitrim: €119,950

Four-bedroom, two-bathroom bungalow on a mature, private site, with splendid views of  Sheemore. This is one minute from Kilclare (with shop and pub), Shannon-Erne Waterway, and Regional Road (R209). 
Agent: Farrell Property Group. More details here

17 Woodlands, Mullingar, Westmeath: €199,950

Four-bedroom semi with two bathrooms. In good condition, close to all amenities, extended and refurbished.
Agent: Murtagh Brothers. More details here

20 Merval Park, Clareview, Limerick City: €235,000

A three-bedroom semi overlooking a green, with two reception rooms and the  possibility to extend to the rear and into the garage (subject to planning permission).
Agent: GVM Auctioneers. More details here

1 The Birches, Briarfield, Castletroy, Limerick

Seven -bedroom house (three en-suite) and large living space. Close to University Of Limerick and Castletroy shopping centre.
Agent: Rooney Auctioneers. More details here

18 Stony Park, Wexford Town, Wexford: €235,000

Four-bedroom, three-bathroom detached house in a development of 18 houses within walking distance of the town centre. The A-rated  house has a heat recovery ventilation system, and is in very good condition, with  a sun room at the back.
Agent: Kehoe & Associates. More details here

The Irish Times Logo
Commenting on The Irish Times has changed. To comment you must now be an Irish Times subscriber.
Error Image
The account details entered are not currently associated with an Irish Times subscription. Please subscribe to sign in to comment.
Comment Sign In

Forgot password?
The Irish Times Logo
Thank you
You should receive instructions for resetting your password. When you have reset your password, you can Sign In.
The Irish Times Logo
Please choose a screen name. This name will appear beside any comments you post. Your screen name should follow the standards set out in our community standards.
Screen Name Selection


Please choose a screen name. This name will appear beside any comments you post. Your screen name should follow the standards set out in our community standards.

The Irish Times Logo
Commenting on The Irish Times has changed. To comment you must now be an Irish Times subscriber.
Forgot Password
Please enter your email address so we can send you a link to reset your password.

Sign In

Your Comments
We reserve the right to remove any content at any time from this Community, including without limitation if it violates the Community Standards. We ask that you report content that you in good faith believe violates the above rules by clicking the Flag link next to the offending comment or by filling out this form. New comments are only accepted for 3 days from the date of publication.