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Property for sale information

 
Loutra Springs  
Reference nr: GC242576
Description:

Loutra Springs is a project designed to create something different from what you will find in the Cretan real estate market today. We have strived to develop high quality common areas, alongside with generous private gardens and roof terraces. Design and quality has been emphasized during the design process, in order to offer you the unique experience of a modern home in an relaxed Cretan environment. Six modern houses • High standard • Panoramic view • Beautiful surroundings • Swimmingpool • Fruit garden • Petanque court • Private gardens • Fire place • Floor heating • Private carport • Near the sea • Loutra... ...which is an ancient greek word for “spring”, is a sleepy little village just outside Rethymnon. Within the village, six houses will be built on a sloping piece of land, with panoramic view to the White Mountains and to the Mediterranean Sea. The houses are surrounded by olive groves and beautiful nature. The Municipal road provides access to the underground carport and storage area. An external staircase leads you to the upper level where the common area and houses are situated. A small entrance plaza welcomes you; here you can sit in the shade, enjoy the view or watch a game of Petanque. Walking past the petanque court, you enter a secluded garden, an inner oasis of selected plants and fruit trees. The houses surrounds the contemplative common garden, inspired by orthodox cloister courtyards. Beside the fruit garden is the swimming pool area with sun deck chairs and external shower. Each house is entered through a semi-private courtyard and a covered entrance area. Higher walls facing common areas provide privacy to roof terraces. Once inside, the house opens up with large windows towards the private garden. Each house has central heating, air-condition in all bedrooms, and is delivered ready with white goods included. All houses have their own carport, and are guaranteed sea view! Loutra Springs is situated 2.5 km from the sea, in walking distance through the olive groves! Each house can be supplied with handmade furnitures, designed by the architects. In each private garden, there is the possibility for a custom-made jacuzzi/swimmingpool and a outdoor kitchen/barbeque. Estimated start of constructions, summer 2007, completion within 12-18 months. Common expenses are estimated to 150€ per month.

Bedrooms: Bathrooms: Price (€):
2 2 275,000
Features:
Beach
Submission Date:
04-17-2007
Advertiser Details:


Name:
Gillian Coyle

Company:
CPS Ireland

Phone:
00353(0)61-360799
Fax:
00353(0)61-718869
Mobile:
00353(0)86-3684584

 
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Calculators

 
Property price: €275,000
 

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