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Property for sale information

 
Nazare  
Reference nr: MK908254
Description:

• Unique location (historical centre, 200 m from seaside)
• 24-unit high quality development
• High local demand (resale and rentals)
• High rental potential (Nazaré is on all tourist itineraries)


Development details

• Total plot size of 1.440,00 m2
• 6 levels (2 basement levels, ground, 1st, 2nd & 3rd levels)
• 23 apartments available, comprising:
• 7 one-bedroom apartments (T1)
• 13 two-bedroom apartments (T2)
• 1 two-bedroom duplex apartment (T2+)
• 2 three-bedroom apartments (T3)
• Roof terrace & swimming pool with sea views

2 year off-plan

Nazaré is a town and a municipality in Portugal with a total area of 82,4 km² and a total population of 14,904 inhabitants. It is in Leire district.

According to legend, the town derives its name from a statue of the Virgin Mary brought here by a monk in the 4th century from Nazareth Palestine.

It has become a popular tourist attraction, advertising itself as a picturesque seaside village. Located of the Atlantic coast, it has long sandy beaches, considered by some to be among the best beaches of Portugal, that are crowded with tourists in the summer. The town used to be known for its traditional costumes worn by the fishermen. Their wives were dressed in black, wearing the traditional headscarf and embroidered aprons over seven flannel skirts in different colours. These dresses can still occasionally be seen.

Nazaré is an old fishing village. In the old days, before the new harbour was built, the fishing boats were pulled on to the beach by oxen. The fisherman's women were still wearing the traditional dress; a black kerchief and the seven flannel skirts. Nazaré is divided in three parts, Pederneira, the old city centre, Praya (meaning beach) and Sitio, built on a a rock 110 m. above the old city. You can get to Sitio by funicular or by car, following the signs to Marinha Grande. From Sitio you'll have a wonderful panoramic view over Nazaré and it's beach. The Nazaré beach is considered one of Portugal's most beautiful.

Bedrooms: Bathrooms: Price (€):
1 1 160,000
Features:
Beach
Furnished
Private Swimming Pool
Submission Date:
04-07-2008
Last Update:
06-23-2008
Advertiser Details:


Name:
Michael Keaney

Company:
Property Match

Phone:
+353 (0)91 700 222
Fax:
+353 (0)91 766 294
Mobile:
+353 (086)2529106

 
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Calculators

 
Property price: €160,000
 

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