Luxury 2 Bedroom Apartment For Sale in Vila Sol

Apartment for sale in Vila Sol

A stunning two bedroom apartment for sale in Vila Sol, situated on the luxury condominium “Pine Hills” close to the centre of Vilamoura.

Within close proximity to Vila Sol’s award winning golf course and Vilamoura’s vibrant marina, this property is a lucrative investment if you are wanting to purchase a property in the Algarve with the intention of generating rental income.

Owners of property in Pine Hills generate a guaranteed 5% rental return for the first years.

On top of this, it is also the perfect holiday home in the sun for when you want somewhere you are able to enjoy as the condominium comes with a 300m2 stone communal swimming pool, a pool bar to quench your thirst, a convenience store for all your necessities as well as landscaped gardens and walkways.

This apartment comprises a spacious open plan living room with a dining area, fireplace and two sets of glass doors lead out onto a large terrace. This terrace spans the length of the apartment enabling both bedrooms and the living room to have direct access to it.

Here you can enjoy some al-fresco dining under a dazzling sunset, get stuck into a novel or even soak up the views of the impeccable gardens.

A fully equipped kitchen provides all the necessary appliances to whip up a delight anytime of the day - It also has a serving hatch overlooking the lounging space which is a great feature as you are able to continue socialising with friends or family from the kitchen.

One of the two bedrooms comes with a shared en-suite bathroom, divided into a large bathtub with two sinks and a separate shower area with a toilet and additional sink. The shower area can be accessed from the main living area.

Features of this apartment include underfloor heating, air conditioning, double glazed windows as well as solar panels. Video intercom for maximum safety is also offered. Private parking can be found in the basement.

Vila Sol is a convenient ten minute drive from some of the most beautiful beaches in the surrounding area, “Praia do Trafal”, “Praia da Quinta do Lago”, “Praia de Vale do Lobo” and “Praia do Garrão”. Additionally, these areas offer further award-winning golf courses in the Algarve as well as a selection of exclusive bars and restaurants.

Vilamoura with its own numerous championship golf courses, lovely local beaches, popular marina, shops, restaurants and local amenities is only a five minute drive away. Faro airport is a twenty-five minute drive away.

Rentals Simulation:
Spring (01 April - 31 May) - €800
Early Summer (01 - 30 June) - €1,200
Summer (01 July - 15 September) - €1,600
Late Summer (15 - 30 September) - €1,300
Autumn (01 - 31 October) - €700
Winter (01 Nov - 31 March) - €600

Mortgage simulation:

Purchase Price - 510 000€                                Purchase Price - 510 000€
Deposit / Down Payment - 102 000€ (20%)       Deposit / Down Payment - 102 000€ (20%)
Finance Amount - 408 000€                              Finance Amount - 408 000€
Interest Rate - 0.873%                                     Interest Rate - 0.873%
Term / Period - 30 years / 360 months              Term / Period - 40 years / 480 months
Monthly Payments - 1288.62€                           Monthly Payments - 1007.34€

 

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