554-Luxury Apartment with Stunning views - My Overseas Property

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Property for sale information

554-Luxury Apartment with Stunning views

Price:	€ 311,500 Mortgage & ROI calculators »
Type:	Apartment
Country:	Portugal Lagos

Reference nr: 554

Description:

This luxury two bedroom apartment benefits from incredible views of the coast and is set in a top resort within the pretty village of Luz, famous for its calcada paved streets, restaurants, cafes and bars.

The apartment has a spacious hall, two large bedrooms (master en-suite), living/dining room and separate fitted and equipped kitchen. All rooms have balconies from which you can enjoy the sunshine and the beautiful ocean views. The property is air conditioned and comes tastefully furnished and with underground parking and storage. The resort has many facilities including indoor & outdoor pools, gym and sports area.

Only minutes’ walk to the village and the beach, this property is perfect for holiday makers and investors alike.

WAS 365,000 NOW 311,500

Bedrooms:	Bathrooms:	Price (€):
2	2	311,500

Features:
Beach
Golf

Submission Date:
09-09-2008

Last Update:
03-02-2009

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: €311,500

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