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Property for sale information

 
O Pomar, Cabanas De Tavira  
Reference nr: GO803985
Description:

Premier launch of a quaint and traditional Portuguese village style development at Cabanas de Tavira on the Eastern Algarve just 30 minutes from Faro International Airport. Voted the number one investment area in the world in 2005 by Channel 4's overseas property programme "A Place in the Sun". Selling off plan.

O Pomar is situated just 700 metres from the seafront of the beautiful and picturesque Portuguese village of Cabanas in eastern Algarve. Just 500m from Benamor Golf Club the site is naturally sloped, leading gradually upward and inward to an elevated plateau, ensuring that many of the townhouses and penthouse apartments will have breathtaking ocean views while others will have panoramic views out over the surrounding countryside.

A uniquely styled village development, set on a 5.5 hectare site, and full of traditional Portuguese atmosphere, is being created by Newlyn Portugal. O Pomar, like all Newlyn projects, is a residential development full of quality, where an attractive family holiday home is available in a beautiful location at an affordable price.

O Pomar is a 250 unit layout, comprising of two-bedroom and three-bedroom apartments, three-bedroom penthouses and three-bedroom townhouses. A picturesque Village Square which offers various amenities including a clubhouse, bar, restaurant and mini-market, is situated on an elevated part of the development with an outlook out over the breathtaking Ria Formosa.

A large central swimming pool and recreational area is located close to the Village Square with southerly views towards the coast. Secondary swimming pools, children's play areas and luscious semi tropical landscaping complete the perfect location for a holiday home or a place for year-round residency.

A private sanctuary set in what was once an orchard of almonds, oranges and lemons, O Pomar offers an abundance of trees retained from the original orchard. The buildings all reflect traditional Portuguese architecture with grander detailing applied to structures around the Village Square. The whole concept reflects a relaxed and organic growth usually only achieved by the passage of time over hundreds of years.

O Pomar sets a new standard in residential development in the eastern Algarve and Newlyn Portugal are offering a superior product to any other new property in the area without reflecting the grandeur of their development in the price tag.

O POMAR – EASTERN ALGARVE – The new destination
Situated 30 minutes east of Faro International Airport and close to the Portuguese border with Spain, the eastern Algarve exudes harmony and a traditional Portuguese atmosphere coupled with centuries of history and tradition. A perfect alliance of sun, sea and sand enhances an enchanting quality of life in totally unspoilt surroundings. The area boasts a magnificent coastline with some of the most beautiful beaches in Portugal. Access, from Faro in the east and from the glorious Spanish city of Seville in the west, is excellent.


2, 3 bed apartments and Townhouses available

Bedrooms: Bathrooms: Price (€):
2 2 225,000
3 3 299,000
Features:
Beach
Golf
Submission Date:
08-09-2007
Last Update:
09-03-2007
Advertiser Details:


Name:
Gabrielle O Malley

Company:
Splash Properties

Phone:
01 676 4572
Fax:

Mobile:
087 6896056

 
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Calculators

 
Property price: €225,000
 

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