Applications are set to open later this month for 40 affordable purchase apartments in Shankill, Dublin 18.

The homes, which include 10 one-bed apartments and 30 two-bed apartments ranging in size from 50 to 84 square metres, were directly delivered by the Land Development Agency (LDA) in partnership with Dún Laoghaire–Rathdown County Council (DLR) at the award-winning Shanganagh Castle Estate. The 597-home development also includes 51 affordable purchase homes, 306 cost rental apartments and 200 social housing apartments.

The newly completed apartments, which are built to Passive House standard meaning they are better insulated and designed to be more energy efficient, are being made available through the Local Authority Affordable Purchase Scheme. Purchasers can also avail of the Help to Buy scheme.

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With the help of Government supports and equity contributions, prices for the new apartments start from €263,500 for the one-beds and €348,750 for the two-beds.

John Coleman, CEO of the LDA, said: "This is a great opportunity for eligible would-be homeowners to buy their own apartment at a price they can afford thanks to the shared equity scheme. The scheme allows people to pay an amount significantly lower than the market value of the apartment, which, in turn, leads to lower mortgage repayments. Over time, a homeowner can choose to start buying back the equity, but they don’t have to start this process until they are in a position to do so."

Frank Curran, Chief Executive, DLR added: "We are delighted to have affordable purchase apartments as part of the housing mix in Shanganagh Castle Estate. Owners will enjoy living in a well-served and desirable location next to the sea, beside Shanganagh Park and close to both the Dublin and Wicklow Mountains. There are a host of amenities, facilities and public transport options nearby and both Shankill and Bray are within easy reach."

An online application portal for the homes will open at 12pm on Wednesday, July 23, and remain open until 5pm on Wednesday, August 13.

Further information about the apartments and Shanganagh Castle Estate can be found at www.shanganaghcastle.ie.