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Property for sale information

 
Western Algarve: Weekend Hideaway!  
Reference nr: UP986690
Description:

From €92,000

Fantastic investment!

Studios & 1 Bed Apartments in Portimao

A modern and cosmopolitan town
Variety of bars, shops, restaurants, beaches & more
Communal swimming pool, snack bar & gym
Luxury Portimao apartments with underground parking
30 min from Faro Airport


6 prize winning golf courses within 2 – 14 km
The exclusive ‘Studio 17’ apartments are located just outside the resort of Praia da Rocha, close to the lively town of Portimão and at a mere 850 metres from a choice of beaches such as “VAU”, “ROCHA”, “3 IRMÃOS” and less than 2 kilometers from the famous Alvor beaches.

The 89 modern apartments in a semi-residential area comprise 1 bedroom, 1 bathroom, a luxury living room leading to a generously sized veranda and fully fitted kitchen.

Each Apartment has a private parking space in the underground garage. The amenities on site are a swimming pool, snack bar area, health club, laundry, reception and gym.


A real super Weekend Hideaway: for more information and a selection of properties that are not displayed but may meet your criteria, contact us as

Possible 80-90% mortgages and 10 years interest only*

info@utopiapropertyinvestments.ie or 091 739456







*Terms and conditions apply and mortgage information changes as per personnel criteria.

Bedrooms: Bathrooms: Price (€):
0 (studio) 1 92,000
Features:
Beach
Furnished
Private Swimming Pool
Spa
Submission Date:
05-01-2008
Last Update:
05-01-2008
Advertiser Details:


Name:
Utopia Property Investments

Company:
Independent Property Advisors

Phone:
000000000000
Fax:

Mobile:

 
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Calculators

 
Property price: €92,000
 

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