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Traditional 3 Bedroom Villa For Sale in Loulé

In Loulé, Loulé

villas for sale loule,algarve real estate,portugal property,renovation projects loule

  • 3
  • 2
  • 148 m2
285.000 €

Description

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Villa for sale in Loulé

A traditional, single story three bedroom villa for sale in Loulé, situated within a quiet residential area in the city centre this property has great potential if you are wanting a new project to get stuck into.


Nestled on a 568sqm plot of land, the property itself has a construction area of 148sqm and a dependent area of 50sqm. Comprising a bright and spacious living room with a feature log burner and a set of double doors leading out into the garden.


A traditional Portuguese kitchen has been installed with a new stove but if you are wanting to implement more modern features, the necessary piping and electrics are in place for this.This room also provides access to the garden.


In addition to this, there are three bedrooms in total along with two bathrooms, a storage room and a gated driveway for private parking.


Renovation projects are in high demand in the Algarve due to low purchase cost and the potential profit on reselling the property. This property falls under the category for someone wanting to get stuck into a new project to add to their property portfolio.


Likewise, if you are wanting something more traditional and not looking to make any drastic changes, again this property fits the requirements for that and due to its close proximity to local amenities and services, it will not be on the market for long.


There is a high demand for holiday properties and short term lets in the central Algarve that are close to beaches, waterparks and adventure parks for all ages.


Loulé is the largest municipality in central Algarve, highlighting festive summer nights such as the Noite Branca (White Night) enjoyed by both locals and tourists, all wearing white, converge on the streets, where a dazzling display of music, dance and traditional foods.


Mortgage simulation:


Purchase Price - 285 000€                                Purchase Price - 285 000€
Deposit / Down Payment - 57 000€ (20%)         Deposit / Down Payment - 57 000€ (20%)
Finance Amount - 228 000€                              Finance Amount - 228 000€
Interest Rate - 0.873%                                    Interest Rate - 0.873%
Term / Period - 30 years / 360 months              Term / Period - 40 years / 480 months
Monthly Payments - 720.11€                            Monthly Payments - 562.92€


 


 


 

 

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Property Details

  • Reference IDH32076
  • Type Villa
  • Built year 1980, but only registed in 2019
  • Certification D
  • Bedroom(s) 3
  • Bathroom(s) 2
  • House area 148 m2
  • Land area 568 m2
  • Zone Loulé
  • Region Faro
  • Features:
  • Fitted Kitchen
  • Garden
  • Fruit Trees
  • Built year: 1980, but only registed in 2019
  • Built year: 1980, but only registed in 2019
  • Central location
  • Walk to Amenities
  • Near Markets
  • Pet Friendly
  • Traditional Architecture
  • Near Shopping
  • Near Schools
  • Traditional Look and Feel
  • Multiple Seating Areas
  • Perfect Hideaway

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