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Apartment in Portimao

For Sale: €137,000

A spacious two bedroom apartment for sale in Alvor, situated within the urbanisation Quinta das Oliveiras,close to the popular town of Portimo.Alvors lovely village is a 5 minute drive away from this property for sale and in less than ten minutes you will find yourself at some of the Algarves stunning, golden beaches which is a great feature if you are looking to purchase this property as a holiday home or rental investment. Situated on the ground floor, it comprises an open plan living room with a dining area, a fitted kitchen with a covered balcony that you can turn into a separate laundry area or use as a storage space. There are two bedrooms, both of which come with fitted wardrobes and manual shutters. A shared bathroom is situated next to the bedrooms.This property will be sold furnished, comes with its own dedicated parking space in the garage in front of the building and you will also have a storage room available for your use underneath the building. Overall, this apartment is a fantastic investment if you are looking for a holiday home in the Algarve that you can travel to multiple times a year and be close to necessary amenities and activities. It would also be ideal as an apartment for short term lets or holiday rentals in order to generate an additional income. Alvor itself is popular for its open beach, rolling sand dunes and an array of restaurants catering to a variety of international cuisines. The famous Henry Cotton Championship Golf Course at Penina the closest and within twenty minutes are the courses of Vale da Pinta and Gramacho, Morgado, Alto, Palmares and Boavista.The village has retained a lot of its traditional charm with its maze of narrow streets and white houses perched on a hill overlooking the lagoon and sand dunes.Mortgage Simulation:Purchase Price - 137 000 Purchase Price - 137 000Deposit Down Payment - 27 400 (20%) Deposit Down Payment - 27 400 (20%)Finance Amount - 109 600 Finance Amount - 109 600Interest Rate - 0.873% Interest Rate - 0.873%Term Period - 30 years 360 months Term Period - 40 years 480 monthsMonthly Payments - 346.16 Monthly Payments - 270.60 - REF: IDH32191

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  • Apartment
  • 2 Bedrooms
  • 1 Bathroom
  • No Pool
  • Property Reference:
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