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Property for sale information

 
Stern Stasse - Berlin  
Reference nr: CO821041
Description:

Stern Strasse

Location

Located in Wedding, in the region of Berlin -Mitte. The central location and close distance to both the railway station and buses provide easy access to anywhere, just 15 minutes to the city centre and financial districts.


Description
The property itself is situated on a quiet, tree lined street and retains many original features from the time of its construction in 1910. Recently refurbished in 2002, the developers have taken great care in modernizing the building and preserving all the fine details that make Stern Strasse so unique and sought after.

In the rear garden the property contains a German “Remise” or original farm house which has been converted into a communal seating area for tenants and is praised for its romantic setting. It is surrounded by a lush, landscaped garden area. All apartments benefit from wooden flooring, central heating, fully tiled bathrooms and kitchens.

Stern Strasse is Berlin living at its most luxurious and an area that affluent Berliners are buying into en mass right now, long term rentals are very easy to obtain.


Property Features

* Pre-War building, magnificently restored

* Fully refurbished properties

* Strong capital growth potential

* Propertie pre-let to high quality tenants

* Additional 3 year rental guarantee at 5% net yield

* 60% mortgage available

* Full management included

Prices

* 1 Bedroom apartments from €108,990 - current net rent of €454/month

* 2 Bedroom apartments from €164,990 - current net rent of €687/month

* 3 Bedroom apartments from €212,950 - current net rent of €887/month

Bedrooms: Bathrooms: Price (€):
1 1 108,990
2 1 164,990
3 1 212,950
Features:
City
Submission Date:
07-29-2008
Last Update:
07-29-2008
Advertiser Details:


Name:
Chris O'Driscoll

Company:
MPS Global

Phone:
00353 14911422
Fax:

Mobile:

 
Property Photo Gallery

 

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Calculators

 
Property price: €108,990
 

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