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Property for sale information

 
398-The Residences  
Reference nr: 398
Description:

The Residences – Location

Conceived by André Jordan, the creator of Quinta do Lago and Portugal’s premier resort developer, The Residences comprise just 145 apartments in an excellent location next to the Clubhouse at Victoria Clube de Golfe, in the golfing and residential heart of Vilamoura. Here, in a closed condominium offering privacy and security as well as understated luxury, residents have the very best of Vilamoura at their fingertips.

The Residences – Facilities

Within beautifully-landscaped grounds, The Residences is a world apart. Park your car in one of your own personal underground parking spaces and take the lift to your apartment. The concierge is on hand to help with queries. The Residences combines the comfort of your own home with the services of a hotel: a private club atmosphere in surroundings where comfort and leisure are assured.

The Residences – The Apartments

There are just 72 two-bedroom and 73 three-bedroom apartments spread over ten buildings within the oasis of The Residences. With the emphasis on space and light, all have large living areas and generous terraces with golf course and/or garden views. Understated sophistication and classic contemporary style blend comfort with every modern convenience. A choice of tailored design and furnishing solutions is available for those who wish to rent out their properties – or those who delight in style on a platter!

The Residences – Service

An in-house management service will be installed to carefully control all aspects of managing the development. A complete rental service can be offered to any owner wishing to take advantage of very attractive rates of return.

Bedrooms: Bathrooms: Price (€):
2 2 510,000
Features:
Beach
Golf
Submission Date:
02-12-2008
Last Update:
09-04-2008
Advertiser Details:


Name:
SMART BUYERS DONT WAIT TO BUY - THEY BUY AND WAIT

Company:
Algarve Property Ireland

Phone:
+353 1 6405364
Fax:

Mobile:
+351 96 1855 649

 
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Calculators

 
Property price: €510,000
 

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