A four bedroom penthouse for sale in Loulé, situated close to all amenities it provides a rare opportunity to purchase a property in such a popular area.

Making it an ideal investment if you are looking to relocate to the Algarve for a better quality of life, use as a holiday home in the sun or to generate an additional income through holiday rentals in Portugal.

Comprising a bright and spacious living room, dining room , a large terrace which has been converted into a summer lounge study - a great space to kick back and relax - and a fully fitted kitchen.

In total there are four bedrooms, three of which come with their own en-suite bathrooms where as the fourth bedroom and guests will be able to use the shared bathroom.

There's also a spacious terrace overlooking the surrounding area where you'll be able to soak up plenty of the Algarvian sunshine and even if you're wanting somewhere to enjoy a spot of breakfast, al-fresco dining or even your favourite cooled beverage while watching the sun go down, this is place to be!

Offering top of the range finishings, this apartment combines everyday modern comforts in a traditional Portuguese town making it the best of both worlds and if you own a vehicle, or would rent one when you come over, it also has it owns parking space big enough for a motor bike as well.

Located within easy access to a huge variety of restaurants, cafes, bars and all the major supermarkets, schools and medical facilities, you'll never be short of things to do or too far away from anything you would need.

Loulé is the largest municipality in Central Algarve and is the perfect place to enjoy festive summer nights such as the Noite Branca (White Night) and the famous annual Carnival.

Mortgage Simulation: Duration Period: 30 years 360 months

Purchase Price: 480,000
20% Deposit Down Payment: 96,000
Finance: 384,000
Interest Rate: 0.9%
Monthly Payment: 1,217.54

Mortgage Simulation: Duration Period: 40 years 480 months

Purchase Price: 480,000
20% Deposit Down Payment: 86,000
Finance: 384,000
Interest Rate: 0.9%
Monthly Payment: 952.92
Rental Simulation

Season and rate per week
01 april - 31 may - 1450 per week
01 - 30 june - 1700 per week
01 july - 15 sept - 2200 per week
16 - 30 sept - 1700 per week
01 - 31 oct - 1450 per week
01 nov - 31 march - 1100 per week

- REF: IDH32614