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Property for sale information

 
Panormo Village  
Reference nr: GC978845
Description:

Panormo is an old and charming fishing village which has become an attraction for many visitors from around the world. The little picturesque port of the village with many traditional taverns is only 7 minutes walk away. Around the port, you can also find little shops and cozy open air cafeterias. Panormo village is situated 20km east of Rethymnon. Heraklion airport is 60km (about 40 minutes) away and the distance to Chania airport is 80km making it an ideal location for your property on Crete. Complex of 8 detached luxurious two-storey residences, each including a basement / storage area, private pool, parking space and garden, which can be landscaped to suit your own requirements. Villas are constructed on a hillside and each property has an nice view of the sea. Detached villa is part of a complex of 8 residences • Private garden • Private underground garage • Storage areas • Air conditioning • Private pool of 25 sq. mtrs.* • Fireplace *The private pool is optional, and costs 20.000 Euros. The basement can be used as a garage and storage room and part of it can be converted into an extra small apartment. It is just a few minutes walk from the beach and the village centre, as well as being only a short drive (15 minutes) to the town of Rethymno. All villas are constructed to the highest standards of quality with magnificent sea views and only a few minutes walk from the village Panormo.

Bedrooms: Bathrooms: Price (€):
3 2 301,000
Features:
Beach
Submission Date:
06-16-2007
Last Update:
06-25-2008
Advertiser Details:


Name:
Gillian Coyle

Company:
CPS Ireland

Phone:
00353(0)61-360799
Fax:
00353(0)61-718869
Mobile:
00353(0)86-3684584

 
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Calculators

 
Property price: €301,000
 

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