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3 Bed Apartment for sale

£336,027 *

 [€395,000]

Property Details

  • Bedrooms: 3
  • Bathrooms: 3
  • Plot size: 19.78 m2
  • Habitable space: 139.7 m2

Features

  • New property
  • Air conditioning
  • Central heating
  • Elevator
  • Garage
  • Central location
  • Terrace
  • Energy Certificate: A+

Full Description

A brand new three bedroom apartment for sale in Tavira. Situated on a new urbanisation called Portas do Sol, its close to the city centre and all amenities and services.

There are a total of 20 apartments available: 4 x T1 apartments, 12 x T2 apartments and 3 x T2 apartments. Construction began in May 2021 and is expected to complete in May 2022 just in time for Summer 2022 if youre wanting to purchase a rental property in the Algarve for short term lets.

Comprising 106,30m2 of living area and 56,28m2 of terrace space, this two bedroom apartment is situated on the ground floor. All apartments will come with an open plan living room and dining area with a fully fitted kitchen. Equipped with top of the range Bosch appliances such as a washing machine, dishwasher, American side-by-side fridge, microwave, oven and quartz kitchen countertops.

Bedrooms will have wooden flooring, built in wardrobes and access to a large terrace with lots of sun exposure where you can enjoy those hot al-fresco summer nights whilst admiring the exquisite sea views and views of Tavira city.

Additional features throughout the apartments include: fibre optic internet, double glazed windows, LED throughout, a water System - Mitsubishi series SUZ, 200L boiler, photovoltaic 300W panel, hot old LG air-conditioning, electric towel rails, CCTV and an armoured front door,

Third floor apartments will have access to a roof terrace via a staircase in the lounge providing a private area where you can take in your surroundings.

A communal swimming pool is available for adults with a separate pool for children and play area. There are also nine enclosed garages with two parking spaces and eleven individual parking spaces. Accessibility to the apartments vary between an elevator, ramp and staircase.

Overall, these apartments are an ideal investment if you are wanting to purchase a rental investment property in Tavira where you will be able to make an additional income through holiday rentals whilst using it as a holiday home in the sun.

Tavira is one of the oldest Moorish towns in Eastern Algarve, concealing a charismatic heritage until this day, becoming one of the finest resort towns in the area. The town extends along the river banks of Gilão, where Moorish influences beautifully compliment the deep-rooted Portuguese traditional culture.

Explore the magnificent buildings and historic churches along the river through the cobbled streets, take a taxi-boat and dive into the Caribbean-Like Islands of Cabanas and Barril located just off the main town.

Mortgage Simulation: Duration Period: 30 years 360 months

Purchase Price: 395,000
20% Deposit Down Payment: 79,000
Finance: 316,000
Interest Rate: 0.9%
Monthly Payment: 1 001.93

Mortgage Simulation: Duration Period: 40 years 480 months

Purchase Price: 395,000
20% Deposit Down Payment: 79,000
Finance: 316,000
Interest Rate: 0.9%
Monthly Payment: 784.17

Rental Simulation

Season and per week
01 April - 31 May - 1,000 per week
01 - 30 June - 1,200 per week
01 July - 15 Sept - 1,450 per week
16 - 30 Sept - 1,200 per week
01 - 31 Oct - 1,000 per week
01 Nov - 31 March - 750 per week - REF: IDH32715

This property listing (ref: IDH32715) is an advertisement supplied by Ideal Homes Portugal and does not constitute property particulars. While aplaceinthesun.com (APITS Ltd.) requests all advertisers supply correct details, it does not carry out checks on the information supplied and cannot be held responsible for any inaccuracies. Aplaceinthesun.com recommends seeking independent legal advice prior to any overseas property purchase.

*Based on an exchange rate of 0.8507 from Euro to GBP. This rate is updated daily and is an indicative market rate supplied by A Place in the Sun Currency. Actual trading rates vary.

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