Docklands deals for first time buyers

DOCKLANDS APARTMENTS that had been set aside for those on the affordable housing list are to be offered to first-time buyers, at prices starting from €165,000. The Dublin Docklands Development Authority (DDDA) is selling off its remaining stock of affordable apartments at reduced prices without the clawback restriction if sold on within 20 years of purchase.

Lisney is selling the 22 apartments which are mostly one-beds located in popular developments on the north and south quays including Spencer Dock, The Waterfront and Longboat Quay. There are also a small number at Butler’s Court and Hanover Quay on the south docks. There are 19 one-bed and three two-bed units on offer to first-time buyer owner-occupiers with earnings below €58,000 or €75,000 for a couple.

Kathy Moran at Lisney says the DDDA has already quietly taken offers on another 10 of its affordable apartments over the last six weeks. The agent says all are finished to a high standard and apartments in Longboat Quay and Spencer Dock come with appliances. She expects the prices and lack of a clawback restriction will attract a good response.

The one-bed apartments are 45-68sq m (484-730sq ft) and start from €165,000 while the two-beds are 60-69sq m (648-742sq ft) and are priced from €195,000. This is a reduction on the affordable prices. One-bed apartments in Spencer Dock were €210,000 and are now €165,000 while two-beds were €265,000 and are now €195,000. Last June the authority sold affordable apartments to first-time buyers at Spencer Dock without a clawback restriction. One-bed apartments were €240,000 and two-beds were €265,000.

There will be open viewings today and next Thursday at Longboat Quay, Hanover Quay, The Waterfront and Butler’s Court on the south quays. Open viewings at Spencer Dock will be tomorrow and next Friday.