Powered by:  

Want to sell your overseas property?
Want to advertise your holiday home to rent to 40 million possible renters.
Contact us on info@myoverseasproperty.ie


Property for sale information

 
Pateo de Covento, Lagos: Exceptional value in heart of Old Town  
Reference nr: SD580120
Description:

Lagos is a beautiful city enclosed within 5th Century walls in the southern region of Algarve, in Portugal. The total population of is just over 27,000 inhabitants. The majority of the population lives along the coastal line and works in tourism and services. The inland region in sparsely inhabited, with the majority of the people working in agriculture and forestry.
There are numerous restaurants, offering a wide variety of menus from the humble, but generous Portuguese, to the exotic Far East. There are many bars and discotheques to keep one entertained in the evening. The Cultural Centre has regular exhibitions, and holds Concerts and theatrical events in the auditorium. Another open-air auditorium, set within the west walls, also holds entertainments in the summer. There is a cinema that shows films, with their original soundtracks and Portuguese sub-titles.
Lagos is located approximately 35 kilometers east of Sagres Point, the southwestern most point of Europe. To the north of Lagos is the road to Milfontes and Sines, that winds through the scenic protected landscape of the Southwest Natural Park.

Transfer time from Faro airport is less than 1hr 30mins away.

The apartments in this prestigious development will be the very latest in city living and will be finished to the highest specification that benefits such a prime location in the city centre.

Financials
• Booking Deposit €3,000
• 10% on Signing Contracts
• 10% in Oct ‘07
• 10% in Jan ‘08
• Balance on Expected Completion date May ‘08
• Service Charge €500 pa
• Fit out approx - €10,000
• Mortgage Available 80% of the value and completion subject to normal lending criteria.
• Legal Fees €700 + Disbursements

Bedrooms: Bathrooms: Price (€):
2 2 210,000
3 2 240,000
3 2 230,000
Features:
Beach
City
Golf
Submission Date:
07-10-2007
Last Update:
10-23-2007
Advertiser Details:


Name:
Catherine Monaghan

Company:
Cornerstone Group

Phone:
+353 1 4402390
Fax:
+353 1 4402390
Mobile:

 
Property Photo Gallery

 

kitchen

interior

Lagos development location

Lagos Marina

Lagos

property main image

property main image
 
Calculators

 
Property price: €210,000
 

Mortgage

Initial Payment (%) *  Annual Interest Rate (%) *  Term of Loan (Yrs) 
   
Loan Amount (€)  Monthly Payment (€)  # of Payments 
 
Description: The calculator estimates monthly mortgage payments taking into account the loan amount (which depends on % of the initial payment), the interest rate and term of the loan
Note:
  * These indicators may vary in different countries and are subject to preliminary assessment & consultations

ROI

Initial Investment (%)  ROI Calculation Term (Yrs)  Term of Loan (Yrs) 
Annual Rental Yield (%) * Annual Capital Appreciation Rate (%) * Annual Mortgage Rate (%) *
Once Off Taxes & Payments on Property Purchase (%) * Taxes & Other Annual Payments on Rental Income (%) * Other Annual Fix Payments (€) *
   
Loan Amount (€)  Mortgage Payments (€)  Additional Costs (€) **
Capital Appreciation (€)  Gross Rental Income (€)  Return on Investment (%) 
 
Description: Return on Investment (ROI) calculator estimates in % the income that the Initial Investment provides in the period of time set in "ROI Calculation Term" input box
Notes:
  * These indicators may vary in different countries and are subject to preliminary assessment & consultations
** The Additional Costs are estimated as sum of once off payments (taxes, legal support and services etc.) required to become the owner of a property, annual payments from rental income (taxes, management fees etc.) and other fix annual payments (if any); all these payments vary in different countries, regions, properties etc. and are subject to preliminary assessment & consultations

Equity Rel.

Current Property Value  Existing Mortgage  Max. Lending Available (%) * 
Max. Equity Available  Amount to Release  Annual Interest Rate (%) * 
   
Monthly Cost of Top Up (Interest Only) 
 
Description: Equity Release is a means of retaining use of your property, while also obtaining a steady stream of income, using the value of the property; the income depends on current value of the property, amount to be released and paid annual interest rate
Note:
  * These indicators may vary in different countries and are subject to preliminary assessment & consultations