IRELAND HAS NO shortage of people trying to take that first leap onto the property ladder and Cork is no different. With picturesque towns, a pristine coastline and a bustling city at the heart of it all, the Rebel County is one of Ireland’s most appealing places to settle down. 

With so many prospective buyers navigating the market, it’s important to be clued in to great opportunities when they come along. Maple Woods, a community in Midleton, Co Cork has recently been extended by its home builder Glenveagh, with a series of modern, stylish homes designed for families now on sale. 

Glenveagh Glenveagh

Maple Woods guarantees you sleek design and modern comfort as well as a peaceful suburban atmosphere. You will never feel like you’re too far from the city, as residents can be in Cork city centre within 30 minutes by car, with train and bus services also available.

Beautifully designed, each of these properties also gives you the chance to own a home with an A rating for energy efficiency, as well as insulated floors, walls and roofs to help you save on your heating bills. 

Glenveagh Glenveagh

The homes at Maple Woods are available from €340,000 for a two-bedroom house, though there are also three-bedroom houses available in the community. All homes in Maple Woods come with three bathrooms: a stylish contemporary bathroom, ensuite and a guest WC. Each home is completed by a seeded garden with a secure boundary.

Midleton is also convenient if you happen to travel abroad for work, or when summer holiday season comes around, being just a half-hour drive from Cork Airport. Maple Woods puts you in the perfect position to connect to everything you need while also giving you a tranquil, residential ambience. 

Midleton’s manicured and plentiful green spaces are central to its appeal for buyers in Cork. The town is home to many local parks, farmers’ markets and sandy beaches, as well as well-known landmarks such as The Church of the Holy Rosary and the Old Midleton Distillery (also known as the Jameson Experience). 

There are plenty of amenities right at your doorstep, including Market Green Shopping Centre no more than a seven-minute drive away. Fota Wildlife Park, Ballyannan Woods, and Inch Beach are also all firmly within your new radius. Maple Woods’ sterling location means that everything you need is accessible to you, especially if you work in the city centre. 

Glenveagh Glenveagh

Homes in Maple Woods are ideal for first-time buyers, as they are eligible for the government schemes to help people get on the property ladder. By availing of these supports, first-time buyers can make a significant saving in their monthly payments by buying in Maple Woods rather than renting.

By using the Glenveagh Mortgage Calculator, we can see how much a first-time buyer would have to pay up front for a home in Maple Woods, as well as what kind of savings can be made compared to renting a two-bedroom property in Cork county.

Glenveagh Glenveagh

Let’s take a house in Maple Woods selling for €340,000 as an example. With a contribution from the Help To Buy scheme, which is capped at €30,000, the remaining cash deposit coming out of your bank account is only €4,000. With further assistance from the First Home Scheme the total principal mortgage repayment comes to €238,000, in exchange for 20% in shared equity which you can buy back at any time.

Crucially, mortgage repayments on a two-bedroom house in Maple Woods (assuming a 35-year mortgage at a 3.5% interest rate) offer a significant advantage over renting in Cork City for anyone looking to move, where a two-bedroom house currently costs renters an average of €1,663 per month according to the Q4 Daft.ie Rental Report. Using the Glenveagh Mortgage Calculator, we can see that mortgage repayments on a two-bedroom Maple Woods home would be €984 if availing of both government support schemes, yielding savings of €679 per month by buying rather than renting.

Check out the video below for a primer on how to use the Mortgage Calculator.

 Visit the Glenveagh website to learn more about buying a home in Maple Woods.