Hi, I was hoping someone could give me some advice on this apartment in Fethiye and how Fethiye is expected to grow over time.

I have been given the following info if someone could give it the once over for me please?

The block has only 6 apartments in it, 2 duplex's and 4 normal. They were built to a very high standard by a smaller builder, rather than the type who put them up all over the town. The builders daughter is living in one of the duplex's they are so good and having viewed about 50 apartments for their own daughter, the estate agents themselves have bought one of the other apartments. There is a small pool for all apartments to share and parking areas. There is no monthly maintenance charge and with the estate agent living there she has said we will employ a local chap to tidy the garden every so often and the pool is expected to cost £30 a month ish between the 6 apartments. She can also pay water etc bills for me when she is paying her own.
I don't know the name of the area but it isn't the new lot up on the hill as you come into town from Hisaronu area. I'll try to describe where it is: you go down into the town from that way and it's on the right (i think you turn near a cemetery?) The apartment block is at the very back and everything around it is already built so there shouldn't be any new building blocking views etc. The block backs onto government forest land which will not be built on, the back balcony's look out straight onto this and the view is lovely. The other ones look over the town. The area is supposed to have a small shopping area being built in it and a canal running through it?
The build quality is supposed to be high and I haven't seen any other 4 beds all with en-suites. All this said I still need it to pay for itself. If it is the most fantastic apartment in the world and I can't rent it it won't matter! The price they are asking is £69,000. I think it may be possible to get it for around 65 but I don't know. We'd have to get it through releasing equity from the house so the mortgage repayments on that would be about £480 a month. My husband can do a website for it and advertise it at work, but it's still a risk whether we get it rented or not. We would need several weeks rent at £400 a week to carry us through the winter if it wasn't occupied.

Does it sound at all viable to anyone?

Many thanks
Karen

Karen,
Yes no doubt your husband can build a web site,but then you have to get it where people can see it,

Releasing equity from your house, then hoping your house in Turkiye will pay for these mortgage repayments,is a very dangerous thing to do,

''Your home may be repossessed if you do not keep up repayments on your mortgage.''

The price they are asking is £69,000. try looking in a diferent area.you can find cheaper and may not need a mortgage,

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www.turkishhomes4sale.com

www.turkeyherald.com

Not being rude here so please don't take it the wrong way, Firstly there are thousands of properties to rent and simply building a website will get you nowhere, there are thousands of private websites out there that don't get found.
Got to agree, go for a cheaper property i've just had a quick look through the th4s website and he has a few bargains.
Never borrow that much money hoping that rentals will pay you back they won't.
Don't rely on rentals
Hope it helps