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5 Bedroom Villa For Sale in Portimão - Renovation Project!

In Mexilhoeira Grande, Portimão

villas for sale portimao ,renovate properties algarve,portugal property ,west algarve real estate

  • 5
  • 3
  • 220 m2
408.000 €


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Villa for sale in Mexilhoeira Grande

A perfect renovation project for sale in Portimão, more specifically within the town, Mexilhoeira Grande.

Offering huge potential to either restore back to its original condition, or completely transform into something unique with your own tastes and ideas. This property is situated within the peaceful countryside and currently comprises five bedrooms, three bathrooms, a kitchen, a living/dining room with fireplace and a terrace to enjoy the wonderful Algarve country and mountain views.

With the correct permissions, you could create, or restore, a stunning property that when completed, would fit nicely into the local rental market. This income, coupled with the capital appreciation would make for a lucrative investment.

Portimão is a large city within Western Algarve, and was traditionally a centre for sardine fishing and processing. Today, most of that industry has been replaced by tourism, leisure, and retail, leaving Portimão as a large and residential city. Most tourists visit Portimão either for the extensive shopping or excellent public transport but there is a surprising amount to be seen within the city.

Mortgage simulation:

Purchase Price - 408 000€                                Purchase Price - 408 000€
Deposit / Down Payment - 81 600€ (20%)         Deposit / Down Payment - 81 600€ (20%)
Finance Amount - 326 400€                              Finance Amount - 326 400€
Interest Rate - 0.873%                                    Interest Rate - 0.873%
Term / Period - 30 years / 360 months              Term / Period - 40 years / 480 months
Monthly Payments - 1030.90€                           Monthly Payments - 805.87€


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Property Details

  • Reference IDH31135
  • Type Villa
  • Certification F
  • Bedroom(s) 5
  • Bathroom(s) 3
  • House area 220 m2
  • Land area 1160 m2
  • Zone Mexilhoeira Grande
  • Region Faro
  • Features:
  • Pool
  • Garden
  • Annex Flat
  • Mountain View
  • Village View
  • Country View
  • Surrounding View
  • Gated Entrance
  • Gated Entrance
  • Near Markets
  • Near Medical Facilities
  • Pet Friendly
  • Traditional Architecture
  • Near Golf Course
  • Near Beach
  • Near Shopping
  • Near Hospital/Medical
  • Near Schools
  • Roof terrace
  • Terrace
  • Parking Space

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