Reference nº: 16724 
Price: € 395 000
|
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Excellent 3 bed Villa in Mijas Costa Costa del Sol |
|
Reference nº: 16724 |
Property Type: Villa |
 € 395 000 (*)
|
Price per m²: € 2323,53 |
(*)
Purchase costs -
Financial Information
|
Beds: 3 - Bathrooms: 3 |
Land (m²): 300.00 - Built (m²): 140.00 - Terrace (m²): 60.00 |
Orientation: South | Location :Mijas Costa - Mijas - Costa del Sol - Spain |
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THESE PROJECTIONS ARE FOR ILLUSTRATION PURPOSES ONLY AND ARE NOT GUARANTEED. IF YOU ARE IN ANY DOUBT CONSULT YOUR FINANCIAL ADVISER
| |
| Price: |
395 000 € |
|
| Mortgage: |
70% |
276 500 € |
|
|
|
|
| Deposit: |
30% |
118 500 € |
|
| |
| Expenses Breakdown |
Freehold |
|
| Notary & Registry Fees |
1% |
3 950 € |
|
| Legal Fees |
1% |
3 950 € |
|
| Mortgage Fees |
1% |
2 765 € |
|
| Stamp Duty |
1% |
3 950 € |
|
| IVA (VAT) |
7% |
27 650 € |
|
| Total:: |
39 500 € |
|
| Total + mortgage expenses: |
42 265 € |
|
| Total purchase outlay: |
437 265 € |
|
| |
| Notes |
- The growth figures here are for illustration purposes only and are not guaranteed.
|
- All fractional ownership costs, where appropriate, takes into account
the running costs over a 4 year period. The figures are not guaranteed, for a more detailed summary or if you are in any doubt, please contact us
for more details.
|
- The management costs are adaptable to suit each property. You can choose
from a full weekly management or customise the level of management.
|
- Management Costs include:
Builders Clean, Marble Floor Polishing, Arrival Check, Departure Check, Midweek clean, Laundry, Annual Management Costs
|
- You could get back more or less than the figures quoted.
|
- Past property price increases are not a guide to future prices.
|
- If you are in any doubt about any of the illustrative guides shown here, please seek appropriate financial advice.
|
- Your home could be repossessed if you do not keep up repayments on a mortgage
or other loan secured on it. The quotation here is to be used as a general guide only and in no way constitutes a mortgage offer.
|
- These purchase expenses do not apply for new properties in the Canary Islands.
New properties are subject to IGIC tax at 5% plus Stamp Duty, at 0,75%
|
| Purchase Price |
|
€ 395 000 |
| Reservation |
|
€ 6 000 |
| Deposit |
30% |
€ 118 500 |
| Balance |
70% |
€ 270 500 |
|
| Potential Growth in |
Interest |
% Growth |
Potential Growth in | | 1 yrs |
5% |
€ 414 750 |
105% |
| 7.5% |
€ 424 625 |
108% |
| 10% |
€ 434 500 |
110% |
| 15% |
€ 454 250 |
115% | | 2 yrs |
5% |
€ 435 488 |
110% |
| 7.5% |
€ 456 472 |
116% |
| 10% |
€ 477 950 |
121% |
| 15% |
€ 522 387 |
132% | | 3 yrs |
5% |
€ 457 262 |
116% |
| 7.5% |
€ 490 707 |
124% |
| 10% |
€ 525 745 |
133% |
| 15% |
€ 600 746 |
152% | | 5 yrs |
5% |
€ 504 131 |
128% |
| 7.5% |
€ 567 074 |
144% |
| 10% |
€ 636 151 |
161% |
| 15% |
€ 794 486 |
201% | | 10 yrs |
5% |
€ 643 413 |
163% |
| 7.5% |
€ 814 107 |
206% |
| 10% |
€ 1 024 528 |
259% |
| 15% |
€ 1 597 995 |
405% |
|
| Potential Net Return on deposit & yield and interest only mortgage being repaid |
| 3 yrs |
5% |
€ 140 946 |
113% |
| 7.5% |
€ 174 391 |
140% |
| 10% |
€ 209 429 |
168% |
| 15% |
€ 284 430 |
228% |
|
| Mortgage Repayments |
4.80% |
€ 270 500 |
loan |
| Mortgage Set up Fee |
1.00% |
€ 2 705 |
|
| Interest Only Mortgage |
20 Year |
€ 250 |
per week |
| Total interest payments |
|
€ 259 680 |
|
| Repayment Mortgage |
20 Year |
€ 405 |
per week |
| Total mortgage repayments |
|
€ 424 008 |
|
|
| Net Rental Potential per year |
|
€ 15 800 |
| Annual Gross Rental Income |
5% |
€ 19 750 |
|
|
|
THESE PROJECTIONS ARE FOR ILLUSTRATION PURPOSES ONLY AND ARE NOT GUARANTEED. IF YOU ARE IN ANY DOUBT CONSULT YOUR FINANCIAL ADVISER
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