Property ID: 561695

Price: 561695 715000.00 USD

Key Features

Residential Property

Barbados - Christ Church - Rockley

New Home

Full Description

  Springcourt is a residential oasis in Rockley New Road, Barbados. These superb Condominiums are located on the North side of Rockley Resort in this sought after area. It has beautifully landscaped gardens which extend up the hill at the North of the site and nestles under the Rendezvous ridge. The development is bounded by walls, fences and hedges, thus creating an atmosphere of intimacy, peace and tranquillity conducive to relaxation.

Imagine yourself sitting on the terrace of your own home in Barbados enjoying the gentle breezes as you watch the sun go down.  Barbados is not just for the rich and famous - luxury developments like the air-conditioned Springcourt are surprisingly affordable and an investment the whole family can enjoy. Barbados is famous for its white coral sands, sparkling blue sea and friendly hospitality. 

Come and enjoy our club atmosphere around the swimming pool and landscaped gardens and roof garden.  Feel the peace and quiet. 

Springcourt, while enjoying the serenity of a quiet location, is close to the beaches, shops, restaurants and other entertainment in the Hastings, Worthing and St. Lawrence areas on the south coast. It is adjacent to Barbados' Rockley Resort which offers a golf course and tennis courts.  It is an ideal location about two miles from Bridgetown Barbados and 15 minutes from the airport.

These apartments and villas are attractively designed incorporating a courtyard style mingled with traditional Caribbean construction forms. These structures offer excellent protection against tropical weather. The condominiums are set in luxurious landscaped gardens which include many water features. The swimming pool at the centre of the development is fed by a waterfall from the West side, there are fountains and ponds in the other courtyards. The slope which rises to the North of the site furnishes walkways and quiet areas leading to a focal point on the hill top from where there are stunning views over the south coast to the Caribbean Sea

Owning a one bed apartment, as an investment you can expect a long term rental in the region of US$1000 per month or US$150 per night as a holiday let and look forward to capital appreciation.

Do you think you cannot afford Springcourt?  You can now.

Are you longing for your dream home in Barbados but feel that the credit crunch has put paid to that?  Cheer up. I will show you how you can realize your dream at fraction of the cost.

Now you think I have lost my marbles.  Are you looking for a luxury property where you, your family and friends can enjoy all that Barbados has to offer?

How many weeks a year would you spend there?  Springcourt owners go as often as they can and spend as long as they can.  Those spending the shortest time go for about 4 weeks a year and even those who go for the longest period spend about 6 months.  The rest of the time their condos are closed up.  This is their choice.

But you could make the condo work harder for you.  If you want all the benefits of owning one of these fabulous properties at less than half the cost then buy one with another family.  Simple isn't it.

Joint ownership of one of the Springcourt condos is an ideal solution for people who would love their own property in Barbados but find that the price is out of their budget range or feel that the amount of time to be spent there is not balanced with the cost of the property.  If you were hoping to get a mortgage to supplement the cost of buying and now you cannot get a mortgage, don't despair spend only what you have.  If you can only spend a few weeks a year in Barbados why own a property that is closed for most of the time. 

If you buy 50% of the property you will pay half the price and have the rights and privileges of full ownership.  What are the down sides?  I hear you asking.  There will of course be the other owner with whom you will have to negotiate when you will each occupy the condo.  The fixtures and fitting will be jointly owned so there will have to be agreement on this or we could fit it out on your behalf so that there is no need to collaborate on this.  How good a deal is this?

The main difference is joint ownership is who inherits your share.  The law provides for this.

What does Shared ownership imply?

There are two ways in which property can be held in joint names. 

Beneficial Joint Tenants

The joint owners (two or more) are all equally entitled to the property.  When one of the owners dies, that person's interest in the property passes automatically to the surviving owner(s).

Beneficial Tenants in Common

The property is held by the joint owners in specific proportions, which may or may not be equal. If one of the joint owners dies, that person's interest does NOT pass automatically to the surviving joint owners, but would form part of his/her estate and will pass according to that person's Will.  When the property is held in this way, it is essential to have a declaration of Trust, which states the proportions owned by each of the joint owners.

Shared ownership as beneficial joint tenants is generally used where the parties are closely related such as husband and wife. 

Shared ownership between people not closely connected would be as beneficial tenants in common and this would be the choice for people buying a Springcourt condominium together. 

You would own the agreed share of the property and could also benefit from lettings if you and your joint owner decide to rent it out when neither of you are using it.

Barbados is a small island with a great demand for property.  A leading estate agent reported in September 2008 that Property prices are increasing annually at about 15%.  Historically, property values in Barbados have never declined.  The issue concerning sub-prime mortgages does not exist in Barbados. 

Barbados has recently been voted one of the top holiday destinations which means that the tourism industry is healthy and there is much demand for holiday lets. 

Don't wait.  If you want to realize your dream home in Barbados, complete the enquiry form now and I will contact you to explain details and other options.

I will also tell you about the many free bonuses and benefits that come as standard with Springcourt.