'Affordable' three-bed Oscar Traynor Road homes could cost as much as €475,000

Mary Lou McDonald tells Dáil Sinn Féin had warned that selling the site to a developer would lead to unaffordable homes

Sinn Féin president Mary Lou McDonald told the Dáil: 'Now we know the full price of a three-bed home — affordable mar dhea — is €500,000. The lowest entry price will be €400,000.' Picture: Maxwells

Some people purchasing the first so-called affordable homes in Dublin City could pay up to €475,000 for a three-bedroom home.

The Oscar Traynor Road scheme has been mired in political disagreement for years, but in November 2021 Dublin City Council approved plans which will see 853 units built by the developer Glenveagh at the site in Coolock — 40% social housing, 40% cost rental, and 20% affordable purchase.