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Property for sale information

 
The Titan Residences  
Reference nr: OD210202
Description:

* Studios from €72,999 - 1 bed apartments from €75,100
* A small boutique development conveniently positioned next to Metro extension
* The average price per square meter starts at €814 For comparison, the lowest price in developments in the same area is €1,050 per sqm

High quality apartments in a small boutique development, desirable location in up and coming area, conveniently positioned next to Metro extension, easy access to the Bucharest second international airport.

Titan Residences is a small, boutique development, which allows investors a very low cost entry into the booming Bucharest property market.

Someplace Else is delighted to secure exclusively for its clients 12 apartments in this unique project. This is a rare investment opportunity offering a superb quality and desirable location at an unbeatable price.

The developers are leaders in quality and this is reflected in the building design, apartment layouts and use of high standard of materials, finishing and workmanship.

The carefully selected location ensures that key amenities, such as transport, shopping, schools and medical care are within easy access. The desirability of the location will increase further with the completion of the Metro extension in 2008 with the nearest stop just a few minutes walk away.

The average price per square meter starts at €814 For comparison, the lowest price in developments in the same area is €1,050 per sqm.

The small scale of Titan Residences development guarantees good rental potential and much higher than the average capital gain (predicted to be 25-30% in 2007).

The capital gain for this investment is likely to accelerate further after the building of the second Bucharest international airport 15 km away from Titan Residences.

Titan Residences development offers 98 apartments in two 7 floor buildings. The construction is already underway. The completion is set for September 2008.

12 apartments on the top two floors (5th and 6th) are exclusively reserved for the Someplace Else clients. The apartments are in Block 1, which is near the main boulevard.

There are over ground parking spaces, which belong to the development and underground parking, with Klaus System.

Apartments: There are studio, one and two bedroom apartments, with each type having several different floor-plans. The SPE clients can choose from a selection of 4 studios and 8 one bedroom apartments, with prices ranging between €64,965 and €91,099

In our opinion Titan Residences is not just an excellent development, but a one-off opportunity for an early entry into a regeneration area, which is becoming one of the most popular residential districts of Bucharest.

For prices and availability please contact colin.murphy@someplaceelse.ie

Bedrooms: Bathrooms: Price (€):
0 (studio) 1 72,999
1 1 75,100
Features:
City
Submission Date:
10-12-2007
Last Update:
09-30-2008
Advertiser Details:


Name:
Colin Murphy

Company:
Someplace Else

Phone:
1890 425 425
Fax:
+ 353 1 258 6016
Mobile:
+ 353 8720 77755

 
Property Photo Gallery

 

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Calculators

 
Property price: €72,999
 

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