Monamore, Lodge Rd, Westport, Mayo

€319,000

Reference No: bd1

High quality and value for money new build

Property Description

Limited availability 4 Bedroom  €319,000.00

Visit the Virtual tour.https://my.matterport.com/show/?m=gG2EDYBFqcr

VIsit our new exciting websitehttps://monamoreliving.ie/

Drone footage of Monamore development:  https://youtu.be/X47XcP1Y5x0


Phase 4:  Last 7 remaining 4 bedroom houses in development.   €319,000.00
Monamore is an opportunity to acquire a high quality and value for money new build of 3 & 4 bedroom semi detached house on the outskirts of one of Irelands most desirable towns. Located on a prime site on the Lodge Road, and within easy walking distance of Westport town centre. With uninterrupted views of Croagh Patrick, the development is tastefully finished with brick paving driveways to the front and private landscaped gardens to the rear of each house.   

DISCLAIMER: O Malley Properties for themselves and for the vendors Beckett Developments or lessors of the property whose agents they are, give notice that: (i) The particulars are set out as a general outline for the guidance of intending purchasers or lessees, and do not constitute part of, an offer or contract. (ii) All descriptions, dimensions, references to condition and necessary permissions for use and occupation, and other details are given in good faith and are believed to be correct, but any intending purchasers or tenants should not rely on them as statements or representations of fact but must satisfy themselves by inspection or otherwise as to the correctness of each of them. (iii) No person in the employment of O Malley Properties or Beckett developments has any authority to make or give representation or warranty whatever in relation to this development.

NEW EXCLUSIVE HIGH QUALITY DEVELOPMENT OF SEMI DETACHED FAMILY HOMES. 

Name of Development: Monamore 

Name of Developer: Beckett developments Ltd. 

Architect: David O Malley & Associates 

Number of units: 59 

INTERNAL SPECIFICATION-

A3 BER Rating-

Architecturally Designed-

Triple Glazed windows-

Photovoltaics connected to the electrical panel-

Natural Gas heating with combination boiler for hot water and heat-

Zoned heating controls-

200 mm beaded insulation in Cavity-

450mm earth wool attic insulation-

Fully fitted kitchen with two colour choices-

All integrated appliances-

Dishwasher, oven, integrated fridge/freezer-

Fully fitted utility room with washing machine and tumble dryer-

Tiled and fitted bathroom, en suite and wc-

High speed fibre optic cable

EXTERNAL SPECIFICATION-

Brick paved driveway with parking for 2 cars-

Fully fenced and seeded back garden



ACCOMMODATION 
Ground Floor

Sitting Room: 4.6m x 3.45m

Kitchen/Dining: 4.6m x 5.55m 

Disabled WC: 1.7m x 1.55m 

Utility: 1.8m x 1.69m 

First Floor 

Master Bedroom: 4.3m x 3.2m 

Ensuite: 2.48m x 1.7m 

Bedroom 2: 3.15m x 2.25m 

Bedroom 3: 3.45m x 3.4m 

Main Bathroom: 2.24m x 2.0 Hotpress: 1.2m x .87

Temporary Help-to-Buy Scheme Incentive 

What is the Help to Buy Scheme?

The Help-to-Buy incentive, also known as the Help-to-Buy scheme, is a Government tax refund scheme designed to help first-time buyers get the deposit needed to buy a newly built home. Borrowers can claim a maximum of 10% of the value of the property or €30,000 - whichever is lower.Who can claim under the Help to Buy Scheme?An applicant must be:- A First Time Buyer (or Joint Buyers)- Buying a New House (contracts signed before 31st Dec. 2020 to qualify for €30,000/10%)- Buying from a HTB registered Developer- Taking out a Mortgage of at least 70% of the Purchase Price- Living in the house for 5 years post purchase. - Limited to the amount of income tax and/or DIRT paid in Ireland in the preceding four years.How much can I claim under the Help-to-Buy incentive?The maximum tax refund is now 10% of the value of the property or €30,000 - whichever is LOWER. The rebate is only available on properties valued at €500,000 or less.This means that if you purchase a property for €300,000, you can claim the maximum rebate of €30,000. But if you buy a house for €400,000, the relief will be capped at €30,000. 
Has the Help-to-Buy incentives changed?Yes - as part of the government's July Stimulus package - the current HTB limit of 5% or €20,000 is being increased to 10% or €30,000. This increase is only a temporary measure until the end of 2020. The start date of the increased amount was from the 23rd of July.  If you have bought a new house recently and have not yet signed contracts, you may reapply for the HTB scheme to avail of the new incentive.  Worked Example: 4 Bed Semi-Detached at selling Price of €309,000Gross Salary Tax Paid in 4 YearsApplicant 1 €40,000 €35,670Applicant 2 €32,000 €26,000 Total Income €72,000   €61,670*
Mortgage borrowing based on 3.5 times total income: €252,000Help to Buy contribution of:                   €30,000Contribution from own savings:           €27,000Total Funds Available to Purchase Property:         €309,000Note: Mortgage Loan to Value (LTV) is calculated at 81.5% which exceeds the minimum requirement of 70% LTV for Help-to-Buy Scheme.*Tax calculated  from PWC Tax Calculator 2020
Worked Example: 3 Bed Semi-Detached at Selling Price of €289,000 Gross Salary Tax Paid in 4 YearsApplicant 1 €40,000 €35,670Applicant 2 €32,000 €26,000 Total Income €72,000   €61,670*
Mortgage borrowing based on 3.5 times total income: €252,000Help to Buy contribution of:                   €28,900Contribution from own savings:             €8,100Total Funds Available to Purchase Property:         €289,000Note: Mortgage Loan to Value (LTV) is calculated at 87.2% which exceeds the minimum requirement of 70% LTV for Help-to-Buy Scheme.*Tax calculated  from PWC Tax Calculator 2020
How do I apply?You can apply online through Revenue's MyAccount service. And as long as you are tax compliant, Revenue will provide you with a summary of the maximum refund available to you within around five working days.
There are two stages to the online process:- the application stage:  If you are tax compliant, your application will be approved. You will be provided with an application number and a summary of the maximum amount you can claim. You will also be given a 6 digit access code separately through MyEnquiries.
- the claim stage: You can make your claim once you have signed the contract for your home.

Contact Agent

O' Malley Properties

O' Malley Properties House Address

8 Quay Street, Westport,
Co Mayo, Ireland

O' Malley Properties House Address

+353 (0) 98 26146 / 086 2485587