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Baldwin Pond Lakeside Residence Baldwin Pond, a completely renovated development finished to extremely high quality with features such as granite countertops and custom cabinetry. Its central location, amenities and scenic lakeside location make Baldwin Pond a great investment choice for someone wanting to take advantage of the low housing prices in the US.
70% LTV mortgages available.
1-year rental guarantee of 7.7%.
Located in attractive area of Orlando close to downtown, the airport and tourist attractions.
A variety of shops, boutiques, restaurants and Baldwin Park are all within walking distance.
Indicative 5-year return on investment of 55%+ (assuming 6% annual rental income growth and 6% capital appreciation).
Reasonable Closing costs (3% of purchase price) and annual property taxes (c. $2,000).
Strength of the Orlando Economy one of the fastest growing economies in the U.S, consistently ranked in the top 25 for economic strength.
Why Invest Here?
The US is the most popular country after Spain for British people buying homes abroad, and the majority of them buy in Florida.
As the US economy recently slid into recession and the long-standing property boom came to an end, many developers in Florida have faced tough market conditions in which to promote their projects. One consequence of this has been that intrepid British buyers have been able to get some great discounts on new properties. Another is that the exchange rate between the US Dollar and Sterling is more favourable.
Some watchers are predicting that the fall in Florida property is almost at an end, and prices have nearly bottomed out, so for people buying now it could be the perfect time for an investment. Location Baldwin Pond boasts a superb Lakeside location in the investment hotspot of Orlando.
Situated next door to the charming community of Baldwin Park, with shops, boutiques and restaurants all within walking distance of the development. Conveniently located just minutes from I-4, Downtown Orlando attractions, and local schools including Audubon Park Elementary, Glenridge Middle, Winter Park High and University of Central Florida.
Aside from being so central, this 60-unit community is also very secure, with courtesy police officers living on-site. There is also a lakeside pool and the 8-mile Cady Way Trail, which runs through Baldwin Park and is a long-time favorite for bikers, joggers and skaters. Construction Schedule Baldwin Pond is a completed development. Facilities And Maintenance The development offers an excellent range of lifestyle amenities, including:
Lakeside swimming pool with tanning deck
Fitness centre
Picnic/barbecue area
Community laundry facility
The luxurious 2 bedroom apartments comprise the following:
2 bedroom/2 bath garden-style apartments
Custom-designed kitchens with double
Stainless steel sinks and custom cabinetry
Stackable washer/dryer connections
Crown mouldings
Ceiling fans
Walk-in closets
Granite countertops
Tiled and carpeted floors throughout
Patios included on all units located on the first level
Private, enclosed entrance/exit
Assigned parking spaces Payment Terms There are numerous payment terms available on the Baldwin Pond development, contact us for further information, please see below for mortgage news.
If you decide to obtain finance in the US remember most mortgages available to foreign nationals require a minimum 30 per cent down payment. At the beginning of the process, make sure you obtain what is known as a Good Faith Estimate. This is a standardised document used to detail all the costs of obtaining your mortgage, including both monthly and one-off payments. If possible, try to secure a self-certified mortgage. Unlike in the UK, this kind of mortgage does not necessarily carry a higher interest rate than a fully documented mortgage, and it could save you a lot of time and trouble spent assembling documents. Financing this Development Contact us today for further information on financing this development.
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