Our Latest Developments

WE DESIGN & BUILD NEW
HOMES WITH YOU IN MIND

Creating Homes, Connecting Communities; at Bridgewater, we understand the needs of modern family living. Our new family homes are designed such that every area of each house and room is considered with the dynamics of the people who live there and their interaction with their living space. All our houses are designed and built to the highest standards of construction and energy efficiency. Bridgewater is emerging as a leading name when it comes to new homes in Cork and across Ireland. Our expertise in crafting new houses and developing innovative housing projects is leaving a positive mark on the landscape. Bridgewater is at the forefront of new housing developments in the region, such as our latest, Waterfall Heights, offering a range of striking options for those seeking new homes in Cork. Our commitment to quality and innovation is evident in each aspect of our Residential and Commercial projects, from the inception of new housing developments to the final interiors touches in our modern homes.

As an ISO accredited, premier builder of new houses, Bridgewater prioritises sustainable construction practices and design. Our new housing developments incorporate the latest in energy-efficient technologies and environmentally conscious materials, ensuring that Bridgewater homes not only meet the needs of today's homeowners but also contribute to a greener future for Cork and Ireland. In addition to the superior craftsmanship that characterise our houses, Bridgewater's dedication to design and aesthetics is clear.

Bridgewater's customer-centric approach is built on open communication and transparency at every stage of our new housing projects. We work closely with architects and designers to create customised living spaces that perfectly align with modern lifestyles. Whether you're in the market for a contemporary apartment or terraced residence, ideal for young professionals or down-sizing seniors, or a fully detached or semi-detached family home, Bridgewater's new housing developments cater to a diverse range of resident needs.

Furthermore, Bridgewater is committed to community and to contributing to the development of the region. This commitment extends beyond the construction of new homes, embodying a more holistic approach to community building. In conclusion, Bridgewater is your trusted partner for your new home in Cork, offering new houses and housing developments that exemplify quality, sustainability, design, and ultimately provide long-lasting homeowner satisfaction.

Irish Government Schemes to support New Home Buyers

Help to Buy IRISH incentive

There is a government scheme for first time buyers of new homes worth up to €30,000. This takes the form of a tax rebate of an amount equal to income tax paid over the previous four tax years. The maximum tax rebate available is capped at 10% of the purchase value of the new home (up to maximum value of €500,000) or €30,000, whichever is lower. The rebate is provided at the deposit stage following the signing of the contracts. A condition of the scheme is that the purchaser must be getting a mortgage of at least 70% of the purchase value of the property. The Help to Buy incentive scheme gives a refund of income tax and Deposit Interest Retention Tax (DIRT) paid in Ireland over the previous 4 tax years. As part of the Government’s July Jobs Stimulus package, the relief available to first-time-buyers was temporarily increased until 31 December 2020. In Budget 2021, this increase has been extended until 31 December 2021.See ‘Rates’ below for information on the Enhanced Help to Buy Scheme.

HELP TO BUY RULES

If you are a first-time buyer who either buys or self-builds a new residential property between 19 July 2016 and 31 December 2021, you may be entitled to claim a refund of income tax and DIRT that you paid over the previous 4 tax years. You cannot claim relief on PRSI or USC. If you are buying (or self-building) the property with someone else, they must also be a first-time buyer. You will not qualify if you have previously bought or built a property, either individually or jointly with anyone else, even if you are now separated or divorced from that person. The incentive only applies to properties that are bought or built as the first-time buyer’s home. It does not cover investment properties. Cash buyers do not qualify. If you have inherited or been gifted a property it will not affect your eligibility. You must take out a mortgage of at least 70% of the purchase price (or, for a self-build, 70% of the valuation approved by the mortgage provider). This is known as the loan to value ratio. You are allowed to have a guarantor on the loan. A guarantor is someone who agrees to have the responsibility to pay your mortgage if you don't or can't pay it, for example, a parent or close relative. With effect from 1 January 2017, the Help to Buy scheme only applies to properties costing €500,000 or less. You must live in the property for 5 years from the date that it is habitable.

RULES

Enhanced Help to Buy Scheme

Under the July Jobs Stimulus package, the maximum relief available was temporarily increased. In Budget 2021, this increase has been extended to the 31 December 2021. If you sign a contract for a new house or draw down on a self-build mortgage between 23 July 2020 and 31 December 2021, you are eligible for the increased relief – called enhanced relief.

You can claim relief on the lesser of:

• €30,000

• 10% of the purchase price of the property

• 10% of the completion value of a self-build

• The amount of income tax and DIRT you paid for the previous 4 years

Who can claim the Help to Buy (HTB) incentive?

To claim HTB, you must:

• be a first-time buyer

• buy or build a new property between 19 July 2016 and 31 December 2021

• live in the property as your main home for five years after you buy or build it

• be tax compliant, if you are self assessed you must also have tax clearance.

If you have already made an application under the original scheme, you may meet the enhanced requirements. You should cancel your original HTB application and reapply to avail of the increased relief.

You can read more about the Enhanced Help to Buy Scheme on Revenue.ie.

Visit our newest homes at our latest new development in Waterfall Heights:

Our latest new houses are located in the residential development of Waterfall Heights, a development of 3- and 4-bed houses, which redefines suburban living. On the cusp of Bishopstown, just 2.3km from Cork University Hospital and within easy reach of local amenities, this new development seamlessly blends city vibrancy with countryside serenity. Nestled amid lush greenery, residents enjoy an idyllic lifestyle, waking up to birdsong and picturesque vistas. Waterfall Heights offers an exceptional A-rated (BER) homes, comprising three and four bedroom houses in various styles including terraced, semi-detached and detached. These homes are built with a timber frame, and are meticulously constructed with high-quality finishes, showcasing superior style and design.

Waterfall Heights is now evolving into a wonderful and convenient place to live and will become another thriving Bridgewater community. Residents will enjoy a home which combines comfortable living with quality finishes, exceptional design and construction standards.

Upcoming Developments