BMV Property Investment Deal in Santa Maria, Tavira, Portugal

 






 
Property Ref: Tavira110510/205/SW
Deal Status: Sold
   

Vacant Properties are available to buy as a home - contact us for details

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Below Market Value Property Deal

Valuation of €205,000 - Available for €164,000
€Register/Login Deposit Paid
20% Discount on this Property!
€Register/Login Cashback
€Register/Login Cashflow p/m
€41,000 Equity on completion
€4,030 Cash investment required!
Deal Incentives
  • Cashback
  • Lettings Managed Option
  • Positive Cashflow

Fees Paid
  • Broker Fee Paid
  • Finders Fee Paid
  • Legal Fees Paid
  • Valuation Fee Paid

Key Features

1 of 8 Units/LOCATED in the foothills above Tavira, this 2-bed, new, fully furnished luxury apartment includes air-conditioning and white goods. It is part of an exclusive new-town development offering everything one has come to expect from the Algarve. All but £1 of the Packaging Fee will be refunded following completion making this a virtual No Money Down deal. Holiday Letting Management may be arranged with an assumed 24-week season producing c. €390 per week rental income (9,360pa). 80% fixed loan-to-value mortgage available at 3.9% APR subject to status.

Features
  • Balcony
  • Double Glazing
  • Fitted Kitchen
  • Good Decorative Order
  • Lift
  • Patio

Pool
  • 1 Pool
  • Changing Room
  • Shared
  • Showers
  • Toilets

 Title Deeds: Available
Furnishings
  • ADSL/Broadband
  • Air Conditioning
  • Furnished
  • TV/Sky
  • White Goods

Local Amenities
  • Bars
  • Beach
  • Car Hire
  • Golf
  • Local Shops
  • Marina
  • Restaurants
  • Taxis
  • Town/City Centre
  • Train Station

Financial Breakdown & Particulars
Target Rent
Register/Login
Valuation
€ 205,000
Purchase Price
€164,000
Yield
6%
Mortgage Loan
Register/Login
Mortgage Payment
Register/Login
Deposit Paid
Register/Login
Packaging Fee*
Register/Login
Reservation Fee
Register/Login
Particulars
Postcode: Register/Login
Land Title: Register/Login

Equity on Completion €41,000 with a total cash investment by you of €4,030*
You will receive €3,748 Cashback on completion. Total net investment is €282

Mortgage applicants combined income should be in excess of £25,000 pa

* (excluding VAT, Stamp Duty if applicable and legal disbursements)

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Disclaimer ~BMV Property Investment Deals is the trading style of Property Angels International. BMV Property Investment Deals, their partners, affiliates, officers, employees, agents, contractors, successors and assignees do not accept any liability for any investment decisions made on the basis of, arising out of, or in any way related to, the use of information contained in this email. All information and services provided do not constitute financial, investment or tax advice and should not be taken as such and you are urged to obtain professional advice before proceeding with any investment. Information is presented in good faith as our partners provide it to us but we cannot vouch for its accuracy nor can we be held responsible if such information is deemed to be inaccurate. No responsibility is accepted by BMV Property Investment Deals for any reservation refund guarantee as provided by any partner and in all cases any refund or recourse for a refund is solely with that company. BMV Property Investment Deals is not a licensed investment advisor or licensed estate agents nor authorised by the Financial Services Authority.

Property Misdescriptions Act 1991
In accordance with the Property Misdescriptions Act 1991, these sales particulars are for general guidance purposes only. They do not constitute nor form part of an offer or contract. No structural survey has been carried out. All photographs, descriptions and investment details are given as a guide only, and must not be relied upon. Lease details, service charges and ground rent (where applicable) are given as a guide only and should be checked and confirmed by your solicitor in the usual way.

Mortgages are subject to status and your property is at risk if any loan is secured upon it.