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Property for sale information

 
San Sostene 1 bed apartment  
Reference nr: BI630745
Description:

The only 1 bed available

As a result of the current economic climate , many interesting investment opportunities are emerging such as these properties in San Sostene.

It is unlikely that you will see these prices in Calabria again, so for those of you who have been biding your time, the time to buy is now.

Especially in the circumstance of 2G- a beautiful 1 bed in a quiet location with one of the best views of the resort. This apartment has been placed back on the market at the original offer price of €55,000 for a quick sale. As there are no 1 bed properties left in San Sostene, you would be buying into a popular seller at pre-launch prices- long after pre launch!

It is also reassuring to know that Calabria is an emerging property market where property prices will rise for years to come. As well as this, Calabria has continued to attract buyers despite the economic worries. In addition all payments made on property in Italy are fully bonded, in accordance with Italian Law. In contrast with many other newer markets, the popularity of Italy does not depend on fads and fluctuating fashions. As with other classic European destinations there will always be a market for Italy.


San Sostene development is built on a fantastic panoramic elevated position above the town, offering breathtaking sea views, some of the best you could ever experience on the Ionian Coast. The resort consists of 140 units consisting of 1 bedroom apartments (now sold out), 3 bedroom townhouses and 3 bedroom penthouse apartments, each stylishly designed to fit into the landscape. San Sostene Resort is situated 1500 meters away from amazing white sandy beaches and local restaurants and is also within close proximity of the nearby Santa Catherina Golf Course. There will be a shuttle bus service connecting residents with the beach.

Building work has commenced on the site and photos are available on request.

San Sostene Resort is situated near the beautiful town of Soverato in the Calabrian province of Catanzaro in Southern Italian Riveria. It is one of the most well known and beautiful tourist resorts on the Ionian coast, having been referred to as ‘The Gem of Ionian Sea’. The city of Catanzaro is a very wealthy, affluent city and also the regions capital.

On Site Facilities

* Shops
* Restaurants
* Bar
* Beach Bar
* Fitness Suite
* Picnic Areas
* Childrens Play Area
* Tennis
* Volley Ball
* Watersports

Bedrooms: Bathrooms: Price (€):
1 1 55,000
Features:
Beach
City
Furnished
Private Swimming Pool
Ski
Submission Date:
02-04-2009
Advertiser Details:


Name:
Belmore International

Company:
Belmore International

Phone:
00353 1 297 3394
Fax:
01 293 9060
Mobile:

 
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Calculators

 
Property price: €55,000
 

Mortgage

Initial Payment (%) *  Annual Interest Rate (%) *  Term of Loan (Yrs) 
   
Loan Amount (€)  Monthly Payment (€)  # of Payments 
 
Description: The calculator estimates monthly mortgage payments taking into account the loan amount (which depends on % of the initial payment), the interest rate and term of the loan
Note:
  * These indicators may vary in different countries and are subject to preliminary assessment & consultations

ROI

Initial Investment (%)  ROI Calculation Term (Yrs)  Term of Loan (Yrs) 
Annual Rental Yield (%) * Annual Capital Appreciation Rate (%) * Annual Mortgage Rate (%) *
Once Off Taxes & Payments on Property Purchase (%) * Taxes & Other Annual Payments on Rental Income (%) * Other Annual Fix Payments (€) *
   
Loan Amount (€)  Mortgage Payments (€)  Additional Costs (€) **
Capital Appreciation (€)  Gross Rental Income (€)  Return on Investment (%) 
 
Description: Return on Investment (ROI) calculator estimates in % the income that the Initial Investment provides in the period of time set in "ROI Calculation Term" input box
Notes:
  * These indicators may vary in different countries and are subject to preliminary assessment & consultations
** The Additional Costs are estimated as sum of once off payments (taxes, legal support and services etc.) required to become the owner of a property, annual payments from rental income (taxes, management fees etc.) and other fix annual payments (if any); all these payments vary in different countries, regions, properties etc. and are subject to preliminary assessment & consultations

Equity Rel.

Current Property Value  Existing Mortgage  Max. Lending Available (%) * 
Max. Equity Available  Amount to Release  Annual Interest Rate (%) * 
   
Monthly Cost of Top Up (Interest Only) 
 
Description: Equity Release is a means of retaining use of your property, while also obtaining a steady stream of income, using the value of the property; the income depends on current value of the property, amount to be released and paid annual interest rate
Note:
  * These indicators may vary in different countries and are subject to preliminary assessment & consultations