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Mortgage

GARANTI BANK KUSADASI

PINAR TOZ

KUŞADASI ŞUBESİ

BİREYSEL MÜŞTERİ İLİŞKİLERİ YÖNT.

0 256 612 69 87

VALUATION REPORT FOR MORTGAGE PURPOSES

Details of Property

Date of Valuation 18 February 2007

1. Full names of applicant (s)

Sun Beach Property Ltd

2. Property inspected

Paradise Villas

3. Location (city centre, inner city, city suburb, town, village etc)

Paradise Beach

 

Kusadasi Aydin Turkey

 

 

4. Description

Semi-Detached Villas

5. Construction (external walls, roof) 

Traditionally-built with cavity single brick with reinforced concrete pillars and concrete tiled pitched roof

 

 

6. Approximate year built of property

2007

 

 

7. Accommodation (give details of rooms)

Lower level entrances, private patios ground floor toilet, American kitchen open plan reception room

 

First floor, landing two bedrooms with balconies and bathroom.

 

Second floor one bedroom, landing, bathroom and large sun terrace.

 

allocation for car parking spaces.

8. Services (state whether connected)

Electricity, mains water, hot water system, drainage, sewage - all connected.

 

 

9. Type of central heating, if any?

Optional A/C heating system. Solid fuel outlets constructed.

 

 

10. Additional Features

Swimming Pool. On site Management

 

 

11. Detail any recommended essential repairs

 New Build

 

 

12. Please list any factors affecting the property not referred to elsewhere in this report. In particular comment on the property's suitability as a security for mortgage purposes in its present condition

 

Property comprises a purpose built Free-Hold semi-detached three bedroom, two bathrooms Villa situated in a private gated complex with communal use of a feature swimming pool. This is a flat level site located in a residential area with medium to high value properties, close to shopping and public transport facilities and minutes from Paradise Beach resort. Externally the property is in new condition with double glazed PVC windows. Internally the property is well presented with all paintwork and electrical fittings complete. The inspection was limited to the subject villa and immediately adjacent common areas only. It is not possible to comment on the condition of other parts of the building or any potential liability for defects in inaccessible areas.

 

 

13. Tenure

Freehold

 

 

16. Number of Villas on Complex

Fourteen [14]

 

 

17. Details of Service Charges

Approximately 500 Euros PA

 

 

18. Ground works and landscaping

All works complete

 

 

19. Are the Roads fully made up

Yes

 

 

 

 Valuation in present condition/ stage of construction

100,000 Euro

 LTV % 65%  

 

 

 

 Available Mortgage

65,000 Euro

 Monthly rate fixed at 5.5% for 3 years as t 18/02/2008

 

Monthly Payment

511 Euros

 

 I certify that the property offered is suitable as security and that the above Valuation is a fair indication of  

 the current value for mortgage purposes.
 


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