Powered by:  

Want to sell your overseas property?
Want to advertise your holiday home to rent to 40 million possible renters.
Contact us on info@myoverseasproperty.ie


Property for sale information

 
Apartment For Sale in Playa Blanca, Lanzarote  
Reference nr: 95035
Description:

Features



Outstanding refurbishment

Quiet area

Complex with four pools

Beautiful gardens

Restaurant

Supermarket

Gym

Pool bar

Childrens play area

Close to beach and shops



Full description



95,000 Euros



Refurbished, one bedroom apartment, on a secluded, well maintained two story complex, close to the beach and the town centre of Playa Blanca. The apartment has been refurbished to a high standard, complete with new appliances which still have their labels on and the upgrade is quite outstanding. The apartment consists of an integrated living room/dining room with kitchen. There is a separate bedroom and bathroom with bath and shower. With the use of the day bed in the living room the apartment can sleep four people quite comfortably. The apartment is surrounded by beautiful mature well maintained gardens and has its own private terrace.



The complex has 4 pools including kiddies pool, pool bar , mini golf, tennis, table tennis, kids club and play area, gym, supermarket, evening bar and theatre with daily entertainment

The exciting thing about this apartment is if you put 20000 deposit and pay the buying costs the mortgage for a 40y/o is only375/month

There is an optional guaranteed rental contract for 10 years (renewable for 5 years chunks after initial 10 years) of

390 /month

so nett you have no mortgage to pay!!!!!!

There is a community charge of 88/month to cover all bills

If you are in the scheme there is no maintenace necessary

and owners get 12 weeks private use

rent some of these to friends at 300/ week and you could make a serious profit out of owning this apartment

And best of all this is an all inclusuve hotel complex where you can eat breakfast,lunch,and dinner in the restaurant and drink all you want for as little as 26euros per day (owners get 25% discount)

If you dont have enough deposit look at taking a standard apartment for 10000 deposit and the figures work out the same !!!



Ownquarter, Lanzacasas are now dealing with all the major banks on the island that have property repossessions. As the banks are keen to sell these properties, they are offering between ninety and one hundred percent mortgages. If you are able to complete the purchase within eight weeks then please enquire for a list of the repossessions. However if you are unable to complete within the eight weeks the properties will have been sold. Please send your details to allow us to update your list daily. Lists will only be sent to enquiries with telephone numbers.



Ownquarter, Lanzacasas also specialise in bargain properties well under market value and can normally obtain mortgages for difficult cases.



Due to the high cost of online advertising on sites like these we only show a small proportion of our property database.

Bedrooms: Bathrooms: Price (€):
1 1 95,000
Features:
Submission Date:
10-05-2009
Advertiser Details:


Name:
Lynne Robinson

Company:
Freedom 4 Sale

Phone:
+34617225369
Fax:

Mobile:
+34617225369

 
Property Photo Gallery

 

Apartment For Sale in Playa Blanca, Lanzarote

Apartment For Sale in Playa Blanca, Lanzarote

Apartment For Sale in Playa Blanca, Lanzarote

Apartment For Sale in Playa Blanca, Lanzarote
 
Calculators

 
Property price: €95,000
 

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