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GLENVEAGH, ONE OF Ireland’s leading community builders, has launched a new show home in Greville Park, a community of newly built homes in the vibrant commuter town of Mullingar.
Take a look at the walkthrough guide below, which showcases the stylish interiors, spacious living areas, and outdoor spaces that are the hallmark of all two-bedroom homes in the Greville Park community.Â
Each home comes with three bathrooms, including two en-suites. These homes are well-appointed, including a contemporary kitchen with soft-close doors, a stylish living area, and fully painted interiors with bespoke joinery.Â
All homes in the Greville Park community boast an A-rated BER rating thanks to insulation in floors and walls, as well as double-glazing in the windows, guaranteeing you a warm and energy-efficient home.Â
Perhaps the most exciting thing about Greville Park is its location, which is ideally located for anyone who is commuting to Dublin for work. The neighbourhood is a short five-minute drive to the N4 and M6, which will have you in Dublin in an hour and Galway in 90 minutes.
The town also offers strong public transport options, with Mullingar train station only four minutes from your home, offering access to the Dublin-Longford Commuter and Dublin-Sligo InterCity rail services. If you want to learn more about the advantages and amenities that come with living in Greville Park, be sure to check out the brochure.Â
Mullingar is one of Ireland’s most vibrant towns, home to many schools, major sports clubs, restaurants, bars, shopping and a wide array of social outlets for you and your family.
The chance to live in a beautiful new community, in a gorgeously designed, new and energy-efficient home doesn’t come along too often, making Greville Park a very exciting prospect for first-time buyers, particularly as they can avail of government support schemes to facilitate their route to ownership.
Homes in Greville Park qualify for two key government support schemes aimed at helping first-time buyers: the Help to Buy scheme and the First Home Scheme.
When used together, these schemes can significantly reduce the financial burden of buying a new home and make ownership far more accessible.
The Help to Buy scheme offers first-time buyers up to €30,000 as a tax rebate towards their deposit. The First Home Scheme provides additional support in the form of shared equity. When used in conjunction with the Help to Buy scheme, it can cover up to 20% of the property’s value. If Help to Buy is not being used, it can even offer up to 30%. This scheme is designed to bridge the gap between the buyer’s deposit and mortgage, helping to close the affordability gap.
In the case of a two-bedroom home in Greville Park (price: €310,000), the Glenveagh Mortgage Calculator shows that the Help to Buy scheme would contribute €30,000 to the deposit, leaving a remainder of only €1,000 in this case. The calculator also shows that the First Home Scheme, when used in conjunction with Help to Buy, contributes €62,000 to the overall cost of the home, meaning that monthly repayments would come in at €909 over the course of a 35-year mortgage at an interest rate of 3.6%.
By having access to these figures, you can see what kind of savings you could make by living in a two-bedroom home in Greville Park when compared to renting in Westmeath. According to the latest Daft.ie Rental Price Report for the first quarter of this year, the average rent for a two-bedroom home in Westmeath stands at €1,274/month.
In this example, a first-time buyer would save €365 a month when comparing those mortgage repayments against average rents in the area, which adds up to a fairly significant €4,380 annually — an amount that can go a very long way for new homeowners.Â
If you’re interested in exploring a home in Greville Park, visit the Glenveagh website to register your interest.
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