Ref: HS1091401

Magasini Apartment Two Bed

From GBP £68,375

  • Apartment (In Development)
  • 2 Bedrooms
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About the Apartment

  • Property: Apartment (In Development)
  • Bedrooms: 2
  • Bathrooms: N/A
  • Receptions: N/A

26 refurbished apartments in a nationally recognised 1920’s Estonian town house in a quiet, but centrally located neighbourhood. Prices start from £68,375 and are around 20% cheaper than new build projects in the same area.

Features

This sympathetic renovation of a 1920s Estonian town house must be one of the most charismatic properties to be brought to the market in recent years. The old house, which is located in a quiet but central neighbourhood and is surrounded by large, mature grounds, is to be divided into 26 apartments. Many of which are spread over two floors and retain many original features (including large windows, wooden floors and fireplaces).



Plot Size: N/A

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From GBP £68,375

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Pricing Notes

From an investors perspective the area offers a solid rental market (proximity to the Hansabank headquarters and a large teaching hospital certainly help) and apartments in this development are some 20% cheaper than those in neighbouring new apartment blocks. The payment plan is also investor friendly as a down payment of only 20% is required with no further payments required until completion. Once the apartments are completed mortgage financing of up to 80% is available from local banks at interest rates starting from only 4.8%.

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