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

 
Gare de l’Est Residence  
Reference nr:
Description:

Description: Set in the heart of Budapest’s thriving cultural centre, this tastefully designed 32 unit apartment building represents an excellent buy-to-rent investment opportunity.

5% rental income guarantee!

Just minutes walk from local markets, theatres, parks universities and right on the metro line, Gare de l’Est Residence is ideally located to capture the thriving student rental market.


Thanks to a student lettings agreement the developer has just signed with District VII’s prestigious Szent István Veterinary University, we’re now making a three year rental income guarantee of 5% p.a. available on all Gare de l'Est apartments.

Gare de l’Est Residence.

The unusual combination of such a beautifully designed modern building, with its outstanding location in Budapest’s thriving District VII, plus the fact that it’s being developed by an Irish developer, makes Gare de l'Est one of the best buy-to-let propositions for Irish investors anywhere in Europe at the moment.

It is proving particularly popular with students studying at the nearby Veterinary School and Medical University, as well as with Healthcare professionals working at the Peterfly Radiological Hospital.

The seven storey Residence includes five floors with four 1 bedroom and one 2 bedroom apartments, ranging in size from 44m² to 73m². The top floor has three penthouse style apartments, two 2 bedroom apartments of 65m² and 81m², and one 3 bedroom apartment of 95m². There are a further two apartments on the ground floor, a 1 bedroom of 45m² and a studio apartment of 33m².

The apartments are spacious and tastefully designed, most have large balconies to the rear of the building, overlooking the Residence’s own landscaped garden, while two of the penthouse apartments have balconies overlooking the street.

Gare de l’Est Residence at a glance.
• 32 beautifully designed, modern apartments.
• Within 100 yards of Budapest’s Red Metro line.
• At the heart of Budapest’s cultural, social and shopping districts.
• Extremely attractive location for university students.
• Excellent buy-to-let market
Our final word
This is the ideal time, and the ideal location to cash in on Budapest’s lucrative buy-to-let market, before UK investors and Hungary’s adoption of the Euro force prices to peak.

Prices from: €85,000 to: €224,000

Bedrooms: Bathrooms: Price (€):
0 (studio) 85,000
Features:
City
Submission Date:
03-15-2007
Advertiser Details:


Name:
Zara Mulholland

Company:
Larionovo

Phone:
000000000000
Fax:

Mobile:

 
Property Photo Gallery

 

property main image

property photo

property photo

property main image
 
Calculators

 
Property price: €85,000
 

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