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Property for sale information

 
Vista Baia  
Reference nr: SC261405
Description:

Vista Baìa
Lagos ~ Portugal

Launching on 22nd and 23rd of September!!!

Great Rental Income
Two bedrooms 107m2 to 124m2 €257,000 to €372,000

Three bedrooms 166 m2 €398,000 to €498,000

Portugal has an established, mature property market that has evolved over the last 30 years. Prices have risen and are set to continue rising, meaning that investment opportunities are excellent. Lagos for example has recorded price rises of more than 285% in the last 10 years. The popular television program ‘A Place in the Sun’ chose the Algarve as number one in their top 20 recommended property destinations poll and Portugal came in third in their top places to make money in Europe.

THE LOCATION
Vista Baía is set in the residential area of Torraltinha, a quiet, convenient location just a short distance to the heart of the historic town centre of Lagos, in the picturesque Western Algarve. Following the opening of the new motorway, which now provides an efficient link to the rest of the Algarve and Lisbon, Vista Baía is just under one hour’s journey by car from Faro International Airport, which offers direct flights from Dublin and Cork. The relatively untouched coastline on the west of the Algarve is known for its tranquility, rolling landscape, nature reserves, charming towns and fishing villages. The Moorish town of Lagos offers a bustling, vibrant atmosphere full of activity, nightlife, wonderful restaurants, lively bars and historic attractions as well as a cosmopolitan marina. The cobbled streets are a treasure trove of café bars, markets, shops and boutiques. Three renowned golf courses are within a fifteen minute drive. The nearby beaches are among the very best in the region and include one of the longest stretches of sand in the Algarve, the spectacular Meia Praia.

THE RESIDENCE
Unique and exceptional features at Vista Baía include its breathtaking panoramic views, a selection of stunning penthouses, communal roof top swimming pool with sun terraces plus a well equipped private gymnasium for residents. A collection of 30 luxury, two and three bedroom apartments in a secure walled and gated private condominium, boasting the very best views in Lagos in the heart of the Western Algarve. From the sun drenched terraces of these apartments you will look out over the whitewashed houses and rooftops of Lagos town, on to panoramic views of the longest stretch of beach in the Algarve, Meia Praia. Spacious and modern, the apartments will be built without compromise to exacting specifications offering exceptional craftsmanship and style.

THE PROPERTY
Accommodation at Vista Baía will exude individuality, space and light with luxurious expanses of doors and windows maximizing the stunning views. Spacious contemporary living areas include high quality finishing and come complete with air conditioning plus pre-installation for central heating, vacuum and sound systems. Fully fitted kitchens include granite work tops and top of the range integrated appliances, carefully chosen for quality and style. Safe and secure these apartments in a walled and gated condominium enjoy a video entry syst

Bedrooms: Bathrooms: Price (€):
2 1 257,000
3 1 398,000
Features:
Beach
City
Private Swimming Pool
Submission Date:
09-18-2007
Advertiser Details:


Name:
Shane Cunningham

Company:
Pruntys Overseas property

Phone:
00353 1 498 3733
Fax:

Mobile:

 
Property Photo Gallery

 

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Terrace

Lagos Bay

Beach

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Calculators

 
Property price: €257,000
 

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