Social housing impact on a new estate

hypheni

I am looking at an under construction property in Castletroy Limerick. Everything looks good apart from the fact that, the estate is having a four story apartment built up for the social housing. When I asked the property agent he mentioned that the apartments will be used for elderly people and its already sold to Solus(might be wrong on the name) housing.

Now, my query is, how feasible it is to buy a new property in a new estate with social housing enabled.? My selected house is couple of houses next to the apartment.

HeidiHeidi

There is no such thing as a new estate without social housing any more.

Mrs OBumble

Every new estate new comes with at least 10% social housing.

If it's elderly and disabled allocated, then its most probably no more troublesome than non-social housing owned by people of similar age.

cubatahavana

Bought a newly built house in a new estate in south county Dublin in 2020 with I believe 4 or 6 units assigned to social housing (10% of the total). We have had absolutely no issues with it. All new developments come with a minimum of a 10% units assigned to social housing. People are scared of this, but to be honest, I think it makes no difference. If you buy in an established area, how do you know how many houses/apartments are social housing? How many houses are rented to the council in any estate? maybe more than the 10% of the units reserved in a new development. Current building regulations are going to give you a nice house, well insulated, with many mod cons. I chose new built in 2007 (apartment) and in 2020 (4 bed semi-D). No regrets

hypheni

Thanks for all of your comments. It really gives me more peace of mind.

Former Former Former

https://www.boards.ie/discussion/comment/120436847#Comment_120436847

Just one piece of advice - double, and then triple check everything the estate agent told you.

StevenToast

https://www.boards.ie/discussion/comment/120437686#Comment_120437686

And then check it again.....

DownByTheGarden

https://www.boards.ie/discussion/comment/120437711#Comment_120437711

And still dont believe it :)

Quay_Koncept

https://www.boards.ie/discussion/comment/120436110#Comment_120436110

Would even estates with expensive houses have social housing ie https://www.daft.ie/for-sale/detached-house-24-holsteiner-park-clonee-co-meath/4247925

Sierra Oscar

https://www.boards.ie/discussion/comment/120455224#Comment_120455224

Usually, yes - although it depends when the estate was granted planning permission. Developers could offset the Part V social housing requirements with cash years ago, they can't anymore.

The Part V requirement is going from 10% to 20% from 2026 onwards.

MightyMunster

I thought they could offer houses to a similar value or number in a different development instead? In fairness doesn't seem a great use of taxpayers funds to buy 1 million Euro mansions,when they could 2 x 500,000 houses around the corner instead.

mrslancaster

https://www.boards.ie/discussion/comment/120564581#Comment_120564581

Or even 3 or 4 less expensive properties. Bonkers policy.

doughef

It’s a bit soul destroying paying huge money to live beside someone who pays F all …