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Property for sale information

 
HURGHADA DREAMS-STRATEGIC LOCATION  
Reference nr: RO699921
Description:

HURGHADA DREAMS is the perfect development for anyone looking for an affordable one or two- bedroom apartment in the centre of Hurghada, many of which offer stunning sea views.

It's also the perfect development for anyone who wants to take possession of their apartment immediatily as Hurghada Dreams is now complete.

In addition is excellent location, just five minutes away from the Hurghada Marina and a couple of minutes walk from the biggest public beach in Hurghada. Hurghada Dreams is also an excellent prospect for investors due to the developer's Guaranteed Rental Scheme wich offers 5% return for the first two years, followed by 10% return for the following three years- an average of 8% over a five year period.

With this development now completed, and with the majority of units here sold out, prices here are very reasonable as keyready apartments always attract a premium over developments which are still under construction.

Facilities & Benefits

View from all floors at the front of Hurghada Dreams
All apartments have sea or pool views
Large public beach right in front of the development
High quality building and European style finishing
Commercial units including Abu Ashra Market
Panoramic sea view coffee shop/restaurant
Rental & maintenance service
Swimming pool
Rooftop Cafe
Health club
Supermarket
Pharmacy
Lifts to all floors
24 hour security
Pre-installation for telephone and internet lines
Landscaped gardens
On site management service
Discount card to upmarket stores in the area
Guaranteed Rental Scheme offering 5% for years one and two, then 10% for years three, four and five (with two weeks personal usage)
Low annual maintenance fee of just GBP460 per year
The public beach just 50m from Hurghada Dreams

Bedrooms: Bathrooms: Price (€):
0 (studio) 1 33,615
Features:
Beach
Private Swimming Pool
Spa
Submission Date:
06-01-2009
Last Update:
09-14-2010
Advertiser Details:


Name:
Rachel O'Dea

Company:
Privilege Estates

Phone:
0044 (0) 2074023327
Fax:
0044 (0) 2074023327
Mobile:
0044 (0) 7779297744

 
Property Photo Gallery

 

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Calculators

 
Property price: €33,615
 

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