Sign in. It’s quick, free and it’s up to you.
An account is an optional way to support the work we do. Find out more.
GLENVEAGH’S NEW COMMUNITY in one of Ireland’s most in-demand neighbourhoods is exciting news for anybody on the lookout for a home in Cork.
Situated within an already well-established suburb, apartments at Blackrock Villas are now on sale to buyers who are looking for an apartment, whether it’s a studio, or a one, two or three-bed.
Properties in the Cork neighbourhood of Blackrock are highly sought-after, and this range of new and affordable apartments is the first of its kind in some time, handing a major boost to anyone hoping to buy in the area. With ready access to Cork’s vibrant Marina Promenade, as well as the Cork Harbour Greenway, a home in Blackrock Villas means you have one of Ireland’s most charming vistas on your doorstep.
Paul Hannon, a director at Sherry FitzGerald with two decades of experience, said of Blackrock Villa’s enviable location: “Blackrock is really the creme de la creme, grade-A location within Cork city. It’s the aspirational location for anybody who grew up in Cork… It’s an opportunity to buy a starter in a location that’s so well-regarded.”
“You couldn’t do much better than this as a location in Cork city,” Hannon added. “We expect huge demand.”
Lying just to the east of Cork city centre – a bustling metropolis with everything a young homeowner would ever need by way of access to the essentials like schools, healthcare, shopping and a social life – Blackrock is understandably a prized location. Quick access to the Greenway also means you can get into the city via a scenic bike ride, so you don’t have to rely on your car or public transport if you prefer travelling on two wheels.
The community is a short seven minute drive to Mahon Point shopping centre, with the city itself not much further away. There are also several buses to take you straight into the South Mall within half an hour.
The apartments, of which there are 274 in total, offer buyers a range of exciting advantages, including modern, A-rated energy efficiency, high-quality finishes, and access to private landscaped areas.
“Residents at Blackrock Villas will have access to the picturesque restored Ursuline Convent gardens, which have been landscaped and are surrounded by deciduous trees”, says Hannon, pointing out that the apartments offer both easy access to the activity of the city while also offering the opportunity for peace and tranquility in your immediate surroundings.
“We’re expecting a lot of first-time buyers,” Hannon said of the demand that is anticipated for these apartments. “What really matters to a lot of buyers is that they’re joining a community that’s already there.”
In what is sure to be music to the ears of first-time buyers, these apartments qualify for both the Help-to-Buy and First Home Scheme. First-time buyers can therefore access significant financial assistance when buying an apartment at Blackrock Villas.
See how Blackrock Villas can fit into your home-buying plans by using the Glenveagh Mortgage Calculator to explore how these schemes can help you. You can watch the below video for a primer on how to use the calculator to suit your specific criteria.
Let’s use a new one-bedroom apartment at Blackrock Villas, priced at €292,500, as an example. According to the Glenveagh Mortgage Calculator, the Help to Buy Scheme would cover the deposit of €29,250 — that’s 10% of the property price. The Help to Buy Scheme offers up to 10% of the property value or €30,000 (whichever is lower) as a tax refund toward your deposit.
You can also combine the Help to Buy Scheme with the First Home Scheme, which helps bridge the gap between your deposit and the maximum mortgage you can secure from the bank. If you use the First Home Scheme alone, it can provide up to 30% of the property value; however, this reduces to 20% if you’re also using Help to Buy for the deposit.
In this example, using the First Home Scheme to cover 20% of the property value would reduce your monthly mortgage repayments to around €858, based on a 35-year mortgage at an interest rate of 3.6%. That’s a substantial saving compared to the average rent for a one-bedroom apartment in Cork, which, according to the latest Daft.ie Rental Report (Q4 2024), stands at €1,358 per month — a difference of €500 every month.
It is clear that an apartment with Glenveagh is a realistic way to get on the property ladder, while sacrificing nothing in terms of design, location and community.
Discover the lifestyle waiting for you at Blackrock Villas – explore these new homes and take the first step towards your next chapter.
To embed this post, copy the code below on your site
have your say