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Star Gardens - 1, 2, 3 Bed Apartments for Sale in Budapest

Home » Property For Sale » Hungary » Budapest » 1, 2, 3 Bed Apartments

Property ID: 462896

Apartment

Available units

Studio

£47,000

1 Bed

£47,000

2 Bed

£47,000

3 Bed

£47,000

Delivery date: September 2008

Key Features

  • - Harmonious living space
  • - Ideally laid-out flats
  • - Excellent price/value ratio
  • - Superb payment plan
  • - 80% mortgages available

Star Gardens is a stunning brand new off-plan riverside development centrally located in Budapest.We are delighted to be able to offer these properties at a discounted pre-release price for one month only!

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Full Description

Built in a "U" shape around a delightful courtyard and ornamental garden, entrance to the building will be via an impressive stone lobby, a secure entry phone system in place to provide maximum comfort and privacy for residents. Buyers have the choice of studio, one, two or three bedroom apartments. Care has been taken to ensure that all rooms receive as much sunlight as possible. The special facade serves this purpose as well. From the patios of the upper floors, you can enjoy a beautiful view of Gellért hill and the Buda Castle. The ground floor will consist of retail units, let or sold under controlled conditions to primarily provide services useful for residents e.g. Banks, grocery store, dry cleaners, hairdressers. 
Parking will be situated on the lower ground floor. At the back of the building there will be a playground and a recreation park.


The development has been architecturally designed to provide real homes. The building will be surrounded by a 750 square meter "quiet zone" of flowery park serving as a buffer between the living space and the street Star Gardens provides an excellent opportunity for those who not only seek a place to live but also a place they can call a real home, and want that affordably, at a low maintenance cost and in a balanced environment. If you are looking for an investment then there is a huge demand for rental properties such as these.

Amenities

Shopping, sports facilities, resorts, entertainment, schools, public transport and parks are but a short distance away. There are several sunbathing areas along the river, piers, and romantic flood-basin forests that provide relaxation and recreation. Róka Hill's limestone cliffs, a mere 15 minute walk, even provide mountain climbing opportunities. The biggest waterpark in Hungary is set to open later this year and is just moment away.

Location

Star Gardens is being built in district 3, close to the Danube and surrounded by pleasant hills and valleys. District 3 has superb services including several shopping centres. It is also fantastically located for transport with a metro station close by. One of the most distinct areas of Budapest, with a history going back at least 2,000 years. The district still retains traces of the Roman fortress and the Romanized inhabitants of the time. This area is one of the few traditional resort areas of the Hungarian capital, where, up to now, there has been a shortage of newly built condominium residences.Star Gardens provides a haven from the hustle and bustle of the city centre, while still easily accessible from the inner districts.
 

Investment
Bank guaranteed and funds will be held in an Escrow account, the project is ideal for investors and very safe
As the development is off plan and only 30% is payable on exchange it means the investor can take advantage of the capital growth of the property without putting down the full amount. 
Mortgages are also easily obtainable for UK buyers so you could always mortgage the property on completion - generally 70%  - 80% LTV and rates of approx 5%. You could then let the property out and you would receive a rental yield of 6-8%. 
Additional costs would come to approx 5% of the purchase price

 

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All investments bear varying degrees of risk. TheMoveChannel.com strongly discourages you from making any investment decision based upon information that you cannot independently confirm and strongly recommends that you seek advice from a qualified financial advisor or solicitor before you make any financial investment.