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Property for sale information

 
Plejada Estate - Lodz  
Reference nr: CE255540
Description:

PLEJADA is a multi-family development at a very good location in Lodz. The apartments are designed and completed to be “safe, modern and comfortable”.

Plejada is a mixed scheme incorporating both apartments and houses and by virtue of its pivotal location it is sure to become and remain a desirable address and should prove a very astute investment.

A seven-floor building with an underground car park is located at Przybyszewskiego Street close to the crossing with Al. Rydza-Śmigłego. Commercial premises will be provided in the ground floor for resident’s convenience. Plejada development gives easy and rapid access to the City Centre and other main districts of Lodz. There is a tram stop adjacent to the development with others nearby and there is a bus stop located just a few minutes walk from the building. Bus no. 55 takes you directly to the airport within 33 minutes.

You also have direct connection with other important places in the city like the City Centre / Piotrkowska Street (7 km Promenade with shopping facilities); Wolności Square, Dąbrowskiego Square ( The Great Theatre), Hospital, The Galeria Łódzka (shopping centre) and Silver Screen Cinema via other buses and 5 tram lanes within approximately 15 minutes. The location also ensures good connections with the highway to Warsaw and Katowice.

An important advantage of this location is that it is within walking distance to the Medical University and Technical University of Lodz. The area provides good commercial amunities, e.g. Carrefour Supermarket (450 meters) and Tesco (2 km) and number of schools and preschool institutions. A Further advantage of this location is plenty of green areas around. To the north is Jasien Park which covers 13 ha of park land, including a water pond and fenced playgrounds for children. To the south is Podolski Park which covers 15 ha. To the west are Lodz’s oldest parks, Zrodliska I and II with beautiful ponds and gardens.

The Developers aim is to create high quality homes in high quality locations which attract owner-occupiers to their schemes. They tend to limit the amount of units they sell to investors. This is a very appealing feature for an investor as high levels of owner-occupation within a development usually render them more desirable both from a rental and a resale perspective.

Another significant feature are the attractive payment terms for investors. 20% of the purchase price is payable on exchange of contracts with the 80% balance becoming due on completion which in this market is very rare as stage payments would be standard.

Bedrooms: Bathrooms: Price (€):
1 1 97,000
Features:
City
Submission Date:
11-06-2007
Last Update:
04-04-2008
Advertiser Details:


Name:
Christies Estates

Company:
Christies Estates

Phone:
01 667 0099
Fax:
01 667 0107
Mobile:

 
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Calculators

 
Property price: €97,000
 

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