Modern 2 Bedroom Apartment For Sale in Albufeira

Apartment for sale in Vale de Parra

A spacious two bedroom apartment for sale in Albufeira, situated on the Encosta de São Jose in Vale Parra it is within close proximity to all the needed amenities.

Modernly designed and styled throughout, this apartment comprises an open plan living room with a dining area, a fully equipped kitchen, a hallway, two bedrooms - one with its own en-suite bathroom - and a guest bathroom. 

From the master bedroom and living room there is a large terrace overlooking the communal swimming pool and well kept gardens. 

Sold fully furnished, the owner has recently replaced all appliances in the kitchen along with three new air-conditioning units and all of the furniture. 

There is a dedicated parking space with this apartment as well as a storage room so if you decide you use it for holiday rentals, there is a place for you to put your personal belongings if desired. 

Situated very close to both Gale and Salgados beach, this property in Albufeira is a great investment if you are wanting to capitalise on Portugal’s tourism industry by using it as a holiday rental apartment during the summer.

In addition to this, it could also be your holiday home in the sun for whenever a much needed break arises. Many foreign investors are buying property in the Algarve to use as their second home due to the excellent weather, friendly locals and the abundance of golden beaches!

Guia shopping centre is just ten minutes away and here you can find a major supermarket - Continente - along with a cinema, variety of clothes and accessory shops as well as pharmacies, opticians and more. 

Zoomarine in Albufeira is nearby and provides a great attraction if you have children, there is also an adventure park in Olhos de Agua where you can spend a fun day outdoors with the family. 

Attracting thousands of  visitors every year, Albufeira is a popular destination for many wanting to holiday in the Algarve ensuring this apartment would be an extremely lucrative rental investment. 

Rental Simulation
Spring (01 April - 31 May) - €400
Early Summer (01 - 30 June) - €550
Summer (01 July - 15 September) - €800
Late Summer (15 - 30 September) - €550
Autumn (01 - 31 October) - €400
Winter (01 Nov - 31 March) - €350

Mortgage simulation:

Purchase Price - 225 000€                                Purchase Price - 225 000€
Deposit / Down Payment - 45 000€ (20%)         Deposit / Down Payment - 45 000€ (20%)
Finance Amount - 180 000€                              Finance Amount - 180 000€
Interest Rate - 0.873%                                     Interest Rate - 0.873%
Term / Period - 30 years / 360 months               Term / Period - 40 years / 480 months
Monthly Payments - 568.51€                             Monthly Payments - 444.41€

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