Referans Basaksehir Vadi in Istanbul

Name: Sales in Referans Basaksehir Vadi started!
Start: 2020-02-17T10:58:24.612490+00:00
End: 2023-12-31T23:59:59+0000
Location: Referans Basaksehir Vadi

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Project info

Object ID: 5066

Finished at	March 2020
Price, m²	From 1500$
Buy online	Details
Installment plan	—
Bank mortgage
Property type	Aparment building
Square	from 171.00 m²
Floors	12
Apartments	87
Condition	Black walls
Ceiling height	2.80 m.
Construction type	Monolyth
Security	CCTV Security
Conveniences	Parking Spa Fitness Pool Kids playground Nearby subway stations MetroKent 7 min Başak 10 min Siteler 18 min
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Personal discount certificate 300$
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Return on investment for apartment

with price

11,755$

Rental income

1,103$

Management

689$

Utilities

587$

5% Income tax

9,376$

Net profit

Month	Days in month	Occupancy, %	Occupancy, days	ADR	Total
January	31	16%	5	55$	275$
February	28	21%	6	55$	330$
March	31	12%	4	60$	240$
April	30	16%	5	60$	300$
May	31	25%	8	60$	480$
June	30	60%	18	80$	1440$
July	31	77%	24	120$	2880$
August	31	77%	24	130$	3120$
September	30	40%	12	100$	1200$
October	31	38%	12	60$	720$
November	30	23%	7	55$	385$
December	31	22%	7	55$	385$
Total	365		132		11755$
Average		35%		74$

Total invested

256,500$

Net profit

9,376$

Payback period

21.8 years

Avg property value increase per year

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About the project

The Istanbul-based Reference Başakşehir Valley project is carried out by the partnership of Kiler REIT and Kiptaş. In the portfolios of these well-established companies in the real estate sector, there are many projects such as Istanbul Sapphire, Reference Bahçeşehir and Çınar Evler. In this context, it should be noted that there are more than one project named "Reference". Address Başakşehir Valley, which appeals to the middle-high income group, has a plot area of 8.607 m2 and consists of 2 blocks of 12 floors each. The address of the project, which has 87 residences and 68 commercial units, is Başak Mah. Hürriyet Bulv. Esenyurt / Istanbul. The project, which is still in the launch phase, is expected to be completed in the first quarter of 2020.

Reference Başakşehir Vadi rises right next to Metrokent metro stop. The 0-7 motorway is only a few hundred meters away - in other words, it is possible to reach the project easily both by car and public transportation. Olimpa AVM, Ibn Haldun University and Başakşehir State Hospital can be reached within a maximum of 10 minutes on foot. Reference Başakşehir Vadi residents can benefit from the following social facilities and services: sauna, fitness center, 24/7 security, parking garage and playgrounds.

The apartment options in the Reference Başakşehir Valley project can start from 3 + 1 and go up to 8 + 1. In this context:

• 3 + 1 (gross usage area varies between 171 m2 and 190 m2)

• 4 + 1 (gross usage area 265 m2)

• 5 + 1 (gross usage area 356 m2)

The gross usage areas of apartments bigger than 5 + 1 are not yet determined, but are expected to start from at least 380 m2. Each of the apartments, which are delivered in built-in white goods, have at least one balcony and en-suite bathroom. Personalized payment plans are offered for apartments that are still on sale with launch prices, but one-to-one appointment is required to find out what these are.