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| Los Balcones Del Mar Menor | ||
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Residence Los Balcones Del Mar Menor is the perfect place to enjoy a mixture of leisure, sports and city amenities. Easy access to and excellent sea views from the development, and being located in an area experiencing great capital growth are all great factors contributing to this excellent investment.
Development
A superb new development of three bedroomed townhouses on the edge of the Mar Menor. Due for completion by the end of 2006, prices will start at €220,000. As you can see from the pictures, this is a development for those who want to be right next to the sparkling waters of the Mediterranean, it’s a truly magical location. Balcones Del Mar Menor is perfectly situated in the shelter of El Carmolí mountain, on the Mar Menor coastline between Los Urrutias and the Carmolí nature reserve.
Features and Benefits
01. Variety of choices allow you to decide details down to colour of your home’s façade and all furniture.
02. Home Cinema preinstalled in lounge.
03. Pre-installed music system.
04. Pre-installed aerial for collective satellite dish.
05. Alarm system preinstalled.
06. Spot lights preinstalled in all the property.
07. Fitted wardrobes in all bedrooms, with sliding doors and drawers.
08. Double laminated fashion kitchen units.
09. Spa bath and vanity unit with fitted mirror in main bathroom.
10. Conducted preinstalled A/A in lounge and all bedrooms.
11. EDESA brand white goods included.
12. Intercom Audio and Video System.
13. Mail Box in each property.
14. Private parking space in each property.
Rentability
1. Independant Rental Companies quoted € 9000 pa for these properties based on long term rentals
2. Rental Company Information available at request
3. Rental Companies eager to take on these properties because of good quality, location and views.
4. Comments from Spanish Local Expert - Spain
| "Los Balcones is in a nice area - mature and with good infrastructure. Just 15 minutes' drive from San Javier (Murcia) airport, a few minutes from the sea and with more than 20 golf courses within an hour's drive this development is ideally located for those who want everything close at hand" |
| Mr S Hall http://www.thisisspain.info |
Profitability
1. High Valuations allows investors to obtain Loan To Value Mortgages with Low Deposits needed.
2. Investors will have a positive equity / profit from Day 1 also taking into consideration Purchase Costs
3. In terms of rental profitability, the rental will slightly lower than the mortgage (€ 20 - € 50 Max)
Notes
1. Cash Outlay
€ 3000 Deposit
€ 500 Valuation
€ 500 Mortgage Arrangement Fee
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€ 4000 Total Cash Outlay
2. Rest of Purchase Costs like IVA (Stamp Duty etc) on Loan To Value Mortgage
3. Completion in December 2006
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| tel: 0207 231 9008 | info@letstalkaboutproperty.com | free: 0800 781 7601 |