The proposed average cost of providing a social house to Kildare County Council at the proposed Oldtown site is €340,058 according to documents filed with the planning application.
According to the Part V proposal by O’Flynn Construction, at Oldtown, Celbridge, off the Shackletown road, it is proposed by build a total of 251 residences including 167 houses and 84 apartments.
It is agreed that 25 or 10% of these will be for social housing under the Part V legislation.
Of this six would go to Kildare County Council and 19 would go to an approved housing body, according to the estimates prepared last December.
The documents breaks costs down into building costs and other costs.
The construction costs comprise just under 70% of the total costs.
The average basic construction cost of the 25 units, of which 38% will be one bed apartments, is €138,462, ranging from €94,875 for a one bed to €183,443 for a four bed unit.
The basic construction costs per square metre range from €1,370 to €1,800 the difference explained by staircase and landing space and costs.
When the others costs, such as site costs, were added to the building the average cost was €340,058 or €8.5 million.
The €8.5m included VAT of €1.01m.
This too excluded land costs, the finance for which estimated to cost the developer 8% interest, and some other costs.
It excluded developer profit for the 25 houses of a total of €502,000 but included the builder’s profits.