Ratoath site with planning permission for 228 homes bought by Kingscroft.

There is approval for 114 houses, 114 apartments, duplexes, and a creche with planning permission fully paid.

A reported €10 million was paid for a ready-to-go residential development site in Ratoath by Kingscroft, the Abbey Group’s Irish housebuilding division.

The site will be situated adjacent to the Broadmeadow residential development and accessed by the Ratoath outer relief road connected to the R125. It extends to 14.9 acres with full planning permission for 228 homes. Approval given by An Bord Pleanála in December 2019 provides for development of 114 houses, 52 apartments within two blocks, 32 three-bedroom duplex units with six blocks and 30 apartments at second-floor level, including a creche.

The construction deadline is still to be published and the same with unit prices. Housing in Ratoath has been especially expensive over the past few years, so the prospect of cheaper apartment complexes may help lower average price in the area.

the developer’s latest acquisition would mean a large quantity of units would be within the Government’s €500,000 Help-to-Buy threshold which helps first-time buyers of newly built homes. This gives a refund for 4 years of income tax and DIRT to first time buyers.

Meath Southeast areas such as Ratoath has seen substantial expansions recently due to its close proximity from Dublin. Demand for living in commuter towns such as Ratoath is continuing to grow, and larger numbers of housing units are necessary to slow down the ever-growing housing prices that are already plaguing first time buyers.

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