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1 Bed Apartment for sale

Lagos, Algarve, Portugal

£132,660 *  [€155,000]

1 Bed Apartment for sale

Lagos, Algarve, Portugal

£132,660 *  [€155,000]

Property Details


  • Bedrooms: 1
  • Bathrooms: 1
  • Plot size: 84 m2
  • Habitable space: 74 m2

Features


  • Central location
  • Energy Certificate: B-

Full Description


This 1 bedroom apartment is for sale in Lagos. Situated in a quiet residential area this apartment is close to shops, restaurants, schools and other amenities.

The apartment comprises of 1 bedroom, 1 bathroom, kitchen, living area, pantry and large entrance hall. The bedroom has a built in wardrobe . The apartment overlooks the communal pool.

Due to its central location, this apartment is a fantastic investment property in Lagos and would be lucrative for holiday rentals if you are wanting to make an extra income through short term lets.

It also suits permanent living so if you want to relocate to the Algarve for a better quality of life or even simply own a holiday home in the sun, this apartment covers all types of investments.

The apartment is also a quick walk to the historic centre of Lagos, the multi-award winning marina and only 10 minutes to the nearest blue flag beaches.

Lagos is a town in the Western Algarve, hugely popular among people of all ages and attracting tourists from all corners of the world. It is well known for its iconic beaches and sandy coves of Dona Ana and Praia do Camilo. The cliff tops of Ponta da Piedade provide a stunning view to the sea and surrounding natural beauty.

Mortgage Simulation

Duration Period - 30 Years 360 months

Purchase Price - 155,000
Deposit Down Payment - 31,000 (20%)
Finance - 124,000
Interest Rate - 0.9
Monthly installment - 393,16

Duration Period - 40 Years 480 months

Purchase Price - 155,000
Deposit Down Payment - 31,000 (20%)
Finance - 124,000
Interest Rate - 0.9
Monthly installment - 307,71

Rental Simulation

Season and rate per week

Spring (01 April - 31 May) - 400
Early Summer (01 - 30 June) - 550
Summer (01 July - 15 September) - 650
Late Summer (15 - 30 September) - 550
Autumn (01 - 31 October) - 400
Winter (01 Nov - 31 March) - 350


- REF: IDH32322

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