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Property for sale information

 
Germany, Saxony, Doebeln / Fantastic high rental yield of 12%  
Reference nr: LO278529
Description:

Excellent investment property available in the attractive market town of Doebeln, Saxony. This modernised property offers six tenanted residential units at a price of less than Euro 300 per m2 with a terrific yield of 12%.
The apartment house has six, 1- bedroom apartments (376m2) which each have separate and modern bathrooms and kitchens. Each spacious apartment has central heating and four apartments have balconies overlooking the attractive and mature gardens to the rear of the house. The apartment house also has a storage-room (90m2) which is in the roof space – an area which could be developed with the appropriate permission.

The property has a quiet situation yet within a short walking distance of the town centre. This very attractive market town of Doebeln sits on the River Freibeger and has a pretty market square with a range of attractive and historically interesting buildings. Doebeln is a residential satellite town situated in the triangle of the cities Dresden, Leipzig and Chemnitz.
This property represents an excellent investment opportunity – six apartments at an average cost of less than Euro 23,000 each yet also with a terrific yield of 12%.



Property Details
Location: Doebeln, Saxony / 2 ½ hours from Berlin
Apartments: 6 tenanted
Built Year: 1909
Total Area: 466 m²
Plot Size: 400 m²
Area: 376 m²
Storeroom: 90 m²
Rental Income: Euro 16,503
HIGH YIELD: 12%
Purchase Price: Euro 137,000


Reservation Euro 6,000, subject to viewing but a viewing must take place within 7 days. Finance available.



PLEASE CONTACT OUR OVERSEAS DEPARTMENT FOR FURTHER DETAILS ON 01-6771188.

Bedrooms: Bathrooms: Price (€):
6 6 137,000
Features:
City
Furnished
Submission Date:
05-27-2008
Advertiser Details:


Name:
Locations - Overseas Department

Company:
Locations

Phone:
+353 (0) 1 6771188
Fax:
+353 (0) 1 677 11 98
Mobile:

 
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Calculators

 
Property price: €137,000
 

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