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Property for sale information

 
589-Millennium Plaza Residence Vilamoura  
Reference nr: 589
Description:

Ideal as a holiday home or investment, the Millennium Plaza Residence in Vilamoura is a high quality private condominium of apartments and townhouses in a beautiful setting with panoramic views over the golf and towards the sea. An excellent sunny location, swimming pools and luxury finishings are just some of the features that you will enjoy in your new Vilamoura home. Just 20 minutes from Faro airport and 5 minutes to the marina, the Millennium Plaza Residence is a top real estate investment built with quality and attention to detail.

With extensive gardens, pools, communal areas and some charming little corners, the Millennium Plaza Residence is an ideal place for having a good time but it also offers the tranquillity of a top class private condominium.

There are four entrances to the complex which are linked to a spacious and easily accessible garage. All the superior quality apartments and houses are large and have good sized balconies and direct access to the communal areas in the gardens and swimming pools.

There are just 39 apartments and 12 houses and all come equipped with high quality materials including thermal and acoustic insulation. With your comfort and well-being in mind, the surrounding areas of the development are designed to safeguard the privacy of your property.

Features include
- security doors
- remote control aluminium blinds
- double glazing
- thermal and acoustic insulation
- wired for sound system and alarm
- piped for air conditioning
- built in electronic safe
- fully equipped kitchen with Siemens appliances
- Spacious balconies
- Video door entry
- Lift access to apartments
- Salt water pools
- Completion 2009

Bedrooms: Bathrooms: Price (€):
1 1 260,000
2 2 360,000
3 3 495,000
4 3 465,000
Features:
Beach
Golf
Submission Date:
09-22-2008
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: €260,000
 

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