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Property for sale information

 
Spacious Apartments With Large Balconies, Close To The Marina, Lagos, Portugal  
Reference nr: LO127485
Description:

A four-storey apartment builidng with studios, one and two-bedroom apartments.

The original architecture of the building delivers spacious properties with unusual layouts. Also unusual are the pool apartments, with a terrace facing the pool and a garden on the roof. This is a gated condominium with video camera surveillance system, health centre, gym, swimming pool and private parking. Close by is Lagos marina, the old town, a bank, a car rental agency, ATM machine and beautiful beaches.

The Properties
This development offers a large variety of layouts and areas. The undulated architecture of the building is reflected in the layout of the apartments, resulting in a six different floor plans for each storey, with a charming use of space. The two-bedroom apartments are spacious, ranging from 117 to 175 sq metres, with an average balcony size of 31 sq metres. The swimming pool apartments have areas from 53 to 87 sq metres. The studios are as desirable as many one-bedroom apartments, being located just in front of the pool, with a terrace at the front and a garden on top. Fully fitted kitchens, air conditioning and satellite TV are all pre-installed.

The Area
Lagos is a growing yet unspoilt area of the Algarve. Founded in 1266, it has a vast historical heritage. Initially the village was surrounded by the castle walls, where the old town is today. Lagos has all the facilities of a major city coupled with the charm of a typical Algarve village. The town has the only Portuguese marina with the Euro Marina Anchor Award. At only 50 minutes from Faro airport, Lagos is now a famous holiday destination, providing some of the best golf courses in Portugal to complement its well-known beaches.

Studios, 1 bed and 2 bed apartments
€175,000- €275,000

Bedrooms: Bathrooms: Price (€):
0 (studio) 1 175,000
Features:
Beach
City
Private Swimming Pool
Submission Date:
08-22-2007
Advertiser Details:


Name:
Locations - Overseas Department

Company:
Locations

Phone:
+353 (0) 1 6771188
Fax:
+353 (0) 1 677 11 98
Mobile:

 
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Calculators

 
Property price: €175,000
 

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