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Property for sale information

 
Kaskada Development, Lodz  
Reference nr: SB280594
Description:

Situated close to the centre of Lodz, the Kaskada project is an ideal buy-to-let investment, with only 10% deposit required and completion schedules for 2010.




PropertyGem are proud to offer studio, 1 and 2 bedroom apartments in this innovative residential development, which will attract many investors looking for a project in this extremely popular city, with a low deposit required and nothing more to pay until 2010.



This development is well located in the City centre of Lodz, which is the second largest City in Poland , and considered to be the trendiest.



Lodz is fast becoming an attractive centre for large businesses and is becoming known as the next big location for investing. With good capital growth and rental yield potential, the prices of property here are expected to increase by 15-20% in 2007.



In a recent study conducted by the mortgage banking arm of BPH, the decided leader of the regional rankings is Lodz. The city is centrally located and will be the beneficiary of a newly planned highway. Other attributes of the market here include low prices of land and housing.



Upon the completion of the high-speed train between Warsaw and Lodz (with transit times of about 1.5 hr) it is anticipated that many people will live in Lodz and commute to Warsaw to work. A scenario like this would lead to increased demand for residential property in Lodz.



According to the bankers, Lodz has tremendous potential and great possibilities. The prognosis is that the many sectors will develop here, such as the service sector, logistics, and office.

Bedrooms: Bathrooms: Price (€):
0 (studio) 1 78,500
1 1 98,867
2 1 143,247
Features:
City
Submission Date:
03-03-2008
Last Update:
04-04-2008
Advertiser Details:


Name:
Stewart Black

Company:
Property Gem

Phone:
0044 20 7430 0262
Fax:

Mobile:

 
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Calculators

 
Property price: €78,500
 

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