A traditional Portuguese five bedroom villa for sale in Alvor, situated within a quiet area close to the popular town of Portimão.

Nestled on a plot of land sized 520m2 with a construction size of 253m2, this property is a fantastic investment if you are looking for something that is true to its area and country as it has many traditional Portuguese features throughout.

Comprising a main home, two one bedroom apartments and a studio apartment, this property is extremely ideal if you are looking to relocate to the Algarve permanently or use it for hospitality due to the amount of space there is.

The main home comes with a living room with a dining area and fireplace, a fully fitted kitchen, three bedrooms and two bathrooms. In addition to this, there is a large terrace where you will find a BBQ and a further terrace at the top of the property providing a fantastic spot to enjoy the mountain and village views while relaxing under the dazzling sunshine.

To the left of the main home, there is a separate building which has a one bedroom apartment comprising a kitchenette, living room, one bedroom and a bathroom. Underneath this property, there is a studio apartment equipped with an open plan living room, kitchenette, bedroom and a bathroom.

At the back of the property, there is another independent one bedroom apartment which also comprises a kitchenette, lounge space, one bedroom and a bathroom. There is a completely separate entrance at the back of the property so if you decided to rent this apartment out, your guests can use this entrance.

This property does come with its own private garage for secure parking.

Due to its great location close to all amenities of all kinds of trade and that it is within walking distance to the beaches of Alvor, this home is a great investment for large families or to monetise as tourism.

Alvor is most popular for its superb long open sandy beach, rolling sand dunes and variety of restaurants. 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. Alvor village itself 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.

Portimão is the largest city in the Western Algarve, it was traditionally a centre for sardine fishing and processing, however, today most of that industry has been replaced by tourism, leisure, and retail, leaving Portimão as a large and residential city.

Mortgage simulation:

Purchase Price - 765 000                                Purchase Price - 765 000
Deposit Down Payment - 153 000 (20%)      Deposit Down Payment - 153 000 (20%)
Finance Amount - 612 000                              Finance Amount - 612 000
Interest Rate - 0.873%                                    Interest Rate - 0.873%
Term Period - 30 years 360 months              Term Period - 40 years 480 months
Monthly Payments - 1932.94                            Monthly Payments - 1511
- REF: IDH32113