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2 Bedroom Renovation Project For Sale in Budens

In Budens, Vila do Bispo

renovation project algarve,portugal property for sale,algarve real estate agents,investment

  • 2
  • 1
  • 44.21 m2
95.000 €

Description

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Villa for sale in Budens

A great renovation project for sale in Budens, situated in Vila do Bispo on the western side of the Algarve. This property is in an ideal location if you are looking to get your hands stuck into a new project with an end result to generate an additional income.


Whether you are looking to use it as a rental investment for holiday rentals, put on the market again for a higher price once renovations have completed or use as a second base, this property suits all types of investments.


As it stands, this property comprises two separate internal areas which could effectively be converted into two independent apartments or a large villa. It is south facing so once complete, you, your guests or the new homeowners will be able to enjoy views over the local village as well the year round Algarvian sunshine.


Externally, there is a small garden on one side and a nice terraced area on the other providing a great outdoor space for entertaining friends and family.


Located halfway between Lagos and Sagres, Budens is a quiet and picturesque Portuguese village with beautiful beaches just a short drive away. Several other resorts and small towns are within easy driving distance including the old fishing village of Burgau.


Now mainly thriving on tourism, picturesque Burgau has traditional cobbled streets, white-washed fishermen’s cottages and the beautiful Praia de Burgau which is surrounded by hills. The popular surfing destination of Sagres is within easy reach too as is the village of Vila do Bispo which, despite its small size, has a surprising array of shops, bars and restaurants.


Mortgage simulation:

Purchase Price - 95 000€                                   Purchase Price - 95 000€
Deposit / Down Payment - 19 000€ (20%)          Deposit / Down Payment - 19 000€ (20%)
Finance Amount - 76 000€                                 Finance Amount - 76 000€
Interest Rate - 0.873%                                      Interest Rate - 0.873%
Term / Period - 30 years / 360 months                Term / Period - 40 years / 480 months
Monthly Payments - 240.04€                              Monthly Payments - 187.64€


 

 
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Property Details

  • Reference IDH32015
  • Type Villa
  • Built year 1951
  • Certification Exempt
  • Bedroom(s) 2
  • Bathroom(s) 1
  • House area 44.21 m2
  • Land area 60.25 m2
  • Zone Budens
  • Region Faro
  • Features:
  • Village View
  • Built year: 1951
  • Built year: 1951
  • Central location
  • Walk to Amenities
  • Near Markets
  • Near Shopping
  • Near Schools

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