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Property for sale information

 
Alvor, Algarve, Portugal / Alto des Sesmarias  
Reference nr: LO923208
Description:

Alto das Sesmarias is an exclusive walled & gated condominium of semi-detached three and four bedroom villas with private garage and two-bedroom apartments with private parking. Whether seeking a holiday home, a retirement property or an excellent investment opportunity, Alto das Sesmarias offers spacious and elegantly designed properties located close to the ancient coastal village of Alvor.

In a central location just 1.5 miles from the renowned Penina golf course and 1 mile away from the Main A22 motorway, the homes will have views to Ria de Alvor, Baía de Lagos, the golf course and the spectacular Monchique Mountains. Although Alvor is now a very popular holiday location, the enclosed narrow streets have kept development to a minimum. Many now boast bars with live music and different types of restaurants, however leading off from these there are still memories of the older fishing village. Well located facing a natural lagoon opening onto the sea, Alvor has a choice of a long open sandy beaches or a number of small coves tucked under the cliffs.



2 bedroom apartments starting from Euro 220,000
3 bedroom villas starting from Euro 440,000 to Euro 480,000
4 bedroom villas starting from Euro 480,000 to Euro 560,000


Features & Finishing
Gated condominium with private tennis courts, communal swimming pool, changing rooms & children’s play area



All units include:

Fully installed air-conditioning
Luxury kitchens with appliances
Double glazed windows with electric window blinds
Quality entrance door, video entry system & alarm system
Cable TV
Central vacuum system
Pre-installation for central heating


PLEASE CONTACT OUR OVERSEAS DEPARTMENT FOR FURTHER INFORMATION ON 01-6771188.



All apartments have 2 bedrooms, large living room, separate kitchen and 1 bathroom.

Apartments all have a large terrace with barbeque and a private garden.

There is an underground garage with allocated parking large enough for 2 vehicles.

There are 26 linked villas (8 are four bed villas, and 18 are 3 bed villas)

All villas have:

Basement garage spacious enough for 2 cars + storage

Ground floor with living/dining room, separate large kitchen, guest toilet and laundry room. All have private terrace and garden.

First floor: 3 bedrooms and 2 bathrooms (1 en suite) or 4 bedrooms and 3 bathrooms (2 en suite)

Spacious roof terrace with lovely countryside and distant sea views.



Rental potential is approx 700 euros per week on the apartments during the high season.

Rental potential is approx 1,200-1,500 euros per week on the villas.



Re-sale potential is high, with capital appreciation running between 8-12% per year on villas,

10-15% on apartments.


The development is about 5 km from Alvor village and its beaches (5 minutes by car)

About 1.5 km to the famed Penina golf course (2 minutes by car)

About 65 km to faro airport (35 minutes by car)

Bedrooms: Bathrooms: Price (€):
2 1 220,000
3 2 440,000
4 480,000
Features:
Beach
City
Furnished
Golf
Private Swimming Pool
Submission Date:
04-04-2008
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: €220,000
 

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