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Property for sale information

 
Fully Furnished- Key Ready Development, Alvor,Algarve, Portugal  
Reference nr: LO781705
Description:

Located at the edge of Alvor village just five minutes away from the centre and the beach, Alvor Village is a tourist development comprising 70 properties, finished to the highest level and in the most contemporary style. All are fully furnished and ready to move into.

The Development
The desirable development of Alvor Village comprises four-star hotel apartments, with a swimming pool, a putting green and a 24-hour reception service. They are ideally located, being in one of the most desirable growing areas of the Algarve. The complex has a whole host of facilities, and among other things will provide 24-hour services and convenient shuttle buses to the main beaches and golf courses.

The Properties
All of the fantastic apartments within the Alvor Villqage development are fully furnished, with a striking contemporary look, designed to be carefree enough to feel like holiday residences, yet comfortable enough to make you feel at home for an indefinite stay. Their kitchens are fully equipped, and all apartments have double glazing and air conditioning included. The high quality finishings make them truly desirable properties.

The Area
Although this ancient coastal village is now a popular holiday location, the enclosed narrow streets have kept development to a minimum. Many of them boast bars with live music and different types of restaurants. The village is well located, facing a natural lagoon opening to the sea. There is a choice of a long, open sandy beach or a number of small coves tucked under the cliffs. Portimão aerodrome is just two minutes away from the Alvor centre and the new Formula 1 racecourse is being built nearby.

1 bed apartments. Price range €191,500-€233,000

Bedrooms: Bathrooms: Price (€):
2 1 230,500
Features:
Beach
City
Private Swimming Pool
Submission Date:
08-27-2007
Last Update:
08-27-2007
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: €230,500
 

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