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House/Villa Description
A selections of excellent investment apartments in Beroun, Prague
Blue Gardens
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Only 10% DEPOSITS
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FINANCE AVAILABLE SUBJECT TO STATUS
* TOWN CENTRE LOCATION
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Prices From: £62,259
Property Details
Details of the Development:
Blue Gardens shall be built in one phase comprising 84 apartments in total. There is the option of studio, one bedroom or two bedroom apartments with fully fitted kitchens, bathrooms, laminate flooring and a private garage space. All apartments are freehold and all contracts are assignable. Purchase prices include VAT but do not include furniture. Furniture packages are available but are not compulsory. We advise that furniture is not purchased as many tenants do not even request a washing machine to be fitted. They will often bring their own equipment.
Property size:
Available units
Studio
28m2 - 31m2 from £62,259 to £71,371
One Bedroom
43m2 - 56m2 from £78,765 to £101,027
Two Bedroom
56m2 - 56m2 from £106,649 to £134,426
Local Vicinity
Beroun is located 20km south west of Prague city centre. The drive from Prague to Beroun is only 20-25 minutes along the D5 highway which continues to Pilzen and Germany. There is also a train that runs from Beroun to Prague and takes approximately 35-40 minutes.
Beroun is one of the fastest growing regions in the Czech Republic with property prices already growing at an alarming rate. There has been a lot of foreign direct investment into Prague and Beroun also, with companies such as Lidl, Hypernova, Skoda, Kia Motors, Best Western Hotels, Kaufland, Delvita, Billa, Ceskomoravsky Cement, Kostal, Tipsport, Linde Frigera, Hornschuh, with a presence in Beroun and also Ikea which is close by but not in the city. The development itself is located in the centre of the town walking distance from shops, bars, cafes, restaurants, the river Berounka and the main town square where a market is held. Other local amenities include schools, swimming pool/leisure centre, cinema and walking opportunities as well as tourist attractions such as the karlstejn castle and golf course.
Financing Availability:
Finance is available subject to status on completion. Three months bank statements and/or payslips are required and an indicative offer for your finance can be achieved within a week. A term of 25 years is available (or up to 70 years of age) and interest rates are between 5% and 6% depending on the loan amount. In house, English speaking mortgage brokers are available to talk to and/or assist you with mortgages in the UK and the CzechRepublic.
Payment Structure and Timings
A £2,500 acquisition fee is payable to secure the property in your name immediately. This is not deducted from the purchase price of your apartment. Within 6 weeks time a 10% deposit will be due. There are no further deposits to be paid towards the purchase price of your property until completion when the balance is due via cash or mortgage.
Running Costs, Completion Costs & Fees:
Legal fees are £2,244.95 including VAT payable in 2 instalments (714.00 to exchange and £1,249.95 to complete) plus the setting up of your Czech Residency at the cost of £476.00. Please email or call for a full breakdown of these costs. The mortgage arrangement fee is £695 and must be paid prior to getting a mortgage agreement.
Rental Yields and Market
Rental yields in the area average at 7% and the market is very strong. The majority of local Czech residents rent properties instead of purchasing them and only a very small percentage of Czech nationals actually have a mortgage. Most properties rent within 4 weeks for at least 6 months to a year.
Expected Growth
Capital growth in the areas is expected to be up to 25% per annum with some parts of Prague and the surrounding areas achieving growth rates of up to 30% per annum. The demand for new build property is p
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€74,446 | £62,259 | US$98,187 (Currency and Foreign Exchange services supplied by  )
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| Type |
House / Home |
| Category |
Re-Sale |
| Listed |
over 1 year ago |
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Map of Beroun, Stredocesky Kraj, Czech Republic
Real Estate Agent Listing this Property
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Price: £62,259
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