New housing developments in Maynooth

smelly sock

L1011 wrote: »

KCC finally moving a bit on their site for new-build social housing

https://www.leinsterleader.ie/news/news/499522/progress-on-maynooth-social-housing-plan.html

Thank god for that.....

ixus

L1011 wrote: »

KCC finally moving a bit on their site for new-build social housing

https://www.leinsterleader.ie/news/news/499522/progress-on-maynooth-social-housing-plan.html

Got an alert telling me i had won millions after clicking that link. Either the Comer brothera are giving it away or avoid clicking link.

L1011

Ad service likely compromised as I don't get it, but have various blockers on.

Its the site between Kingsbry and Old Greenfield, had permission for 50 units in the past. Site investigations going on.

smelly sock

L1011 wrote: »

Ad service likely compromised as I don't get it, but have various blockers on.

Its the site between Kingsbry and Old Greenfield, had permission for 50 units in the past. Site investigations going on.

Any affordable or are they just free ones?

L1011

They'll be social housing. There is no such thing as a "free house", differential rent is charged on all social housing.

smelly sock

L1011 wrote: »

They'll be social housing. There is no such thing as a "free house", differential rent is charged on all social housing.

Ah yeh. Ok.

evil_seed

The Mariavilla signage is down on the Moyglare road now. It's been replaced by Urbeo signage

Donegal Storm

Anyone know what/where this is referring to?

https://twitter.com/CISireland/status/1205086853457682432

Assuming its the site behind the church (can see a spire in the background) but hard to picture how its laid out from that render

smelly sock

Donegal Storm wrote: »

Anyone know what/where this is referring to?

https://twitter.com/CISireland/status/1205086853457682432

Assuming its the site behind the church (can see a spire in the background) but hard to picture how its laid out from that render

Any traffic management been considered? The moyglare road is a joke anyway without this.

L1011

The big section of Mariavilla that was bought for rental is now up for rent as "U Maynooth"

Prices:
Apartments 1850
3 bed 2000/2100 (can't see the reason for the difference)
4 bed 2400

Absolute insanity but they'll probably have no trouble getting it.

Aisling(",)

L1011 wrote: »

The big section of Mariavilla that was bought for rental is now up for rent as "U Maynooth"

Prices:
Apartments 1850
3 bed 2000/2100 (can't see the reason for the difference)
4 bed 2400

Absolute insanity but they'll probably have no trouble getting it.

That is mental!

L1011

Did the sums there and effectively I would find it rather hard to live in Maynooth on our combined incomes (two professionals) if renting now*; yet you can still buy a habitable 3 bed house in the town for ~270 which would be a grand a month over 25 years if you had the normal FTB deposit. Rent to purchase cost ratio is totally out of whack, could be one of the worst ratios going.

*there would be significant lifestyle changes required but it wouldn't be penury.

smelly sock

L1011 wrote: »

The big section of Mariavilla that was bought for rental is now up for rent as "U Maynooth"

Prices:
Apartments 1850
3 bed 2000/2100 (can't see the reason for the difference)
4 bed 2400

Absolute insanity but they'll probably have no trouble getting it.

The rental market in Maynooth is getting even more insane by the month.

1800 for a 3bed in Kingsbry? 1750 for a 2bed in Meadowbrook. Eyewatering stuff.

2011abc

Jeez I thought as someone raised to believe a traditional 3 bed semi d was more or less a certainty apartment dwelling was as grim as it could get for my kids but now it’s co-living !Terrifying times !

smelly sock

2011abc wrote: »

Jeez I thought as someone raised to believe a traditional 3 bed semi d was more or less a certainty apartment dwelling was as grim as it could get for my kids but now it’s co-living !Terrifying times !

Renting for life id say. Thanks FG and the developers and tradesmen making crazy profits. Also a shout out to the Vuluture funds.

Orion

Donegal Storm wrote: »

Anyone know what/where this is referring to?

https://twitter.com/CISireland/status/1205086853457682432

Assuming its the site behind the church (can see a spire in the background) but hard to picture how its laid out from that render

Is it not just opposite the boys school?

L1011

Its the quarry / empty site opposite Manor Mills

ixus

Here's the thing with these rents.

They will keep them at those rates even at 60/70% occupancy or whatever level their formula works out.

Why? Because if they drop rents, they have to revalue the asset. Same for all property funds.

Then you have others thinking that's the proper market rate.

Petedakota

ixus wrote: »

Here's the thing with these rents.

They will keep them at those rates even at 60/70% occupancy or whatever level their formula works out.

Why? Because if they drop rents, they have to revalue the asset. Same for all property funds.

Then you have others thinking that's the proper market rate.

They have fully let Carton Grove, Urbeo the crowd behind them.

I believe most to council/HAP schemes that dont pay full market rent.

So yes, you are correct, they are incentivised to advertise high rents.

Topgear on Dave

Maynooth is in a RPZ and has high demand. It means landlords will set the rent high right from the start.

citylad74

I see Cairn have sold 229 homes in the Shackleton/Gandon park developments in Lucan to a Wall Street investment vehicle for €78ml. They are private rental sector units. This follows on from a similar sale of Mariavilla units a while back. Is there any restrictions in planning or otherwise in the amount of units that should be put on sale to the general public? It doesn’t seem so as i have heard of entire developments being sold in this fashion in South Dublin.

L1011

There's no basis for such restrictions currently. I would be concerned that it might not be that easy to legislate for either but I'm not the Attorney General!

Petedakota

citylad74 wrote: »

I see Cairn have sold 229 homes in the Shackleton/Gandon park developments in Lucan to a Wall Street investment vehicle for €78ml. They are private rental sector units. This follows on from a similar sale of Mariavilla units a while back. Is there any restrictions in planning or otherwise in the amount of units that should be put on sale to the general public? It doesn’t seem so as i have heard of entire developments being sold in this fashion in South Dublin.

No rules at all. Private development, nobody in charge cares who ultimately owns them.

Due to no social housing being built, a lot of these will be HAP tenancies or equivalent long term rentals paid for via council housing funds.

Basically public money enriching private funds.

Happening a lot, especially in Dublin, a luxury block of apartments in Dundrum wholly reserved for the local council recently and the cherrywood development too. Several others also.

Before anyone complains, this is FG policy, not to build social housing, to mix developments and let the private market sort out public housing. Maybe mention this to your FG canvassers when they come knocking.

Cant work in my eyes, people paying market prices living beside people in same houses getting it for free or heavily subsidised. Not too mention one have to get up early to work and pay for their houses and the others dont...

Welcome to Ireland 2020.

citylad74

Recently heard that Cairn haven’t even applied for planning permission yet on the strip of land along the Dunboyne road, which is at the front of the Mariavilla site. Anybody know if this is true? I had heard it would be the last area developed on the site but it’s a little surprising. It’s actually marked out in grey with the units & play areas included in the Mariavilla brochure.

Confusselled

citylad74 wrote: »

Recently heard that Cairn haven’t even applied for planning permission yet on the strip of land along the Dunboyne road, which is at the front of the Mariavilla site. Anybody know if this is true? I had heard it would be the last area developed on the site but it’s a little surprising. It’s actually marked out in grey with the units & play areas included in the Mariavilla brochure.

Its definitely the last part of the site to be developed, as they have got the urbeo side nearly finished, and half the lyreen area done and the rest is being built now. Re planning permission for Dunboyne road side, its in the original master plan document https://static1.squarespace.com/static/5a8d4b6512abd9cf907ff080/t/5aabc34c758d467bf885771d/1521206123431/16229+-+ABP+ResponseDocumentF02.pdf

citylad74

Thanks for that info Confusselled. The doc gives a good picture of the development as a whole. The planned park, green areas & playground by the river look good. Right now though, that area is just a big deep valley down to the river. I wonder are the green areas going to be effectively on stepped areas down to the river? It should be quite nice if those green areas are delivered to a good standard. I see the Cairn website references a new release coming soon, so I guess there will be another bunch sold in Feb.

Separate point, the Times had this piece on Adamstown at the weekend. People who bought there have been royally screwed in terms of the promised services & Infrastructure.
https://www.irishtimes.com/life-and-style/people/election-2020-in-commuterville-they-built-the-houses-and-left-the-people-in-a-vacuum-1.4156681

ixus

Mariaville looks aesthetically pleasing right now. A 4 storey apartment block at the edge of the road wouldn't exactly help. It's being held back until last for a reason.

lordgoat

ixus wrote: »

Mariaville looks aesthetically pleasing right now. A 4 storey apartment block at the edge of the road wouldn't exactly help. It's being held back until last for a reason.

Held back until all houses are sold and then finish off the estate with a couple of apartment blocks.

squirrel6767

Independent.ie: Comer Group's Maynooth apartment plan sunk by flooding concerns.

https://www.independent.ie/business/commercial-property/maynooth-apartment-plan-sunk-by-flooding-concerns-39112277.html

L1011

That site is going to be exceptionally difficult to flood-proof and will realistically just impact further downstream anyway.