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Property for sale information

 
Laguna Park  
Reference nr: Laguna
Description:

A high quality new development designed by the studio of Paolo Mar, the designers of the wonderful new Venice airport complex. 300 private apartments in three phases only two minutes from the beach and built around a huge central leisure lagoon pool.
All apartments have private terrace, heating and air conditioning. The apartments will be finished to a high specification and can be purchased as one of two options: with fitted bathroom, kitchen or fully furnished turnkey property. Prices range from €175,000 to €250,000, with some penthouse terrace apartments up to €350,000.
• Cool Italian design
• Two minutes from a Blue Flag beach
• No buyer's commission to pay
• Completion June 2007

What makes Laguna Park special
The Laguna Park development has so many things to offer - stylish Italian design, huge leisure pool, all apartments with terraces or gardens, heating and air conditioning. Laguna Park is two minutes from a Blue Flag beach, and is in a really lovely Italian traditional resort, known in the past for bucket and spade holidays but now a forward looking resort with excellent sporting and leisure activities, access to the historic towns of the Veneto region and great weather. But of course the single most attractive thing is the price! The average selling price per square metre in this development is €3,000 to €3,500 compared to similar properties in Venice Giudecca which are almost double that.

Timeframe
The first phase of 78 apartments and leisure pool is open for purchase now - a 25% deposit secures but, unlike normal off plan developments, there is nothing to pay until completion in June 2007. With capital growth at around 11% per annum, this is a great opportunity to buy that relaxing weekend retreat and holiday rental investment property all in one.

Apartment finish
Every apartment is supplied with:
• independent heating and air conditioning units which are wall mounted and come with a remote control
• hot water produced by a boiler located in the kitchen and/or bathroom, with connections for a washing machine, dishwasher and outdoor tap
• bathroom fittings by Pozzi-Ginori
• floors in single fired or porcelain grès tiles
• bathroom floors and walls in ceramic tile
• video intercom to the main entrance door and TV and satellite TV connection.

Bedrooms: Bathrooms: Price (€):
1 1 230,000
2 1 250,000
Features:
Beach
Submission Date:
03-28-2007
Last Update:
07-03-2007
Advertiser Details:


Name:
Liz Maher

Company:
Imagine Property Network

Phone:
1850 200 780 or 091 730104
Fax:

Mobile:

 
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Calculators

 
Property price: €230,000
 

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