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Property for sale information

 
Bellevue Residences  
Reference nr: CM327305
Description:

Bellevue Residences Iasi, Romania

Large 1 bedroom Apartment with balcony

A rare investment opportunity; Bellevue Residences is a high-class development in the most prestigious area of Copou Hill, in Iasi, (pronounced “YASH”), the thriving student city in North-eastern Romania. With practically no new residential buildings built between 1989-2003, a population of over 300,000, eight universities, and several multinational giants such as IBM, Ericsson, Mittal Steel and Siemens - there is now a huge undersupply of medium to high quality real estate.

There are 160 apartments for sale, all finished to an incredibly high standard including fully fitted bathrooms & kitchens with marble floors, independent heating systems and solid wood flooring throughout.

• The first luxury apartment release in the cultural capital of Romania
• Large local and foreign huge student population
• Significant multinational presence, especially in the IT sector
• Prices starting from €1118 per sqm ex vat (€1331 per sqm incl vat)
• Fantastic payment scheme – 10% deposit, 15% in 3 months, 75% on completion
• Long build period – 16 months
• Massive local demand for high quality housing – i.e. very good rental yields
• Property prices are rocketing

This is an incredible investment opportunity in a hugely undersupplied city with students, locals
and multinationals all demanding quality accommodation

*** PRICE QUOTED INCLUSIVE OF 19% VAT ***

Contact: Colin Murphy: 1890 425 425
Email: investments@someplaceelse.ie

Bedrooms: Bathrooms: Price (€):
1 1 113,000
Features:
City
Submission Date:
03-19-2008
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

 
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Calculators

 
Property price: €113,000
 

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