Vale de Ouro, Budens, Western Algarve Villas

11/29/2006 - selectoverseas.com

REF: 156 Superb 2 bedroom Villa in Vale de Ouro, Budens, Western Algarve Lagos Portugal for sale for 386,000 EUR contact selectoverseas.com for details. The Villa is over 100 sq m and has 2 bathrooms marketed on 29 November 2006. Property View Property View 2 Golf Course Property View 3

Villa in Vale de Ouro, Budens, Western Algarve Lagos, Portugal

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Vale de Ouro, Budens, Western Algarve Villas

Bedrooms: 2

Bathrooms: 2

Size: 100 sq m

Price: 386,000 EUR

(EUROS) € 386,000
(GBP) £ 309,495
(US) $ 613,238

Finance this property from 1148.35 EUR (€ 1148.35/ £ 920.75/ $ 1824.38) per month - see our Portugal mortgages info

Villa Description

Featured as "Property of the Month" by A Place in the Sun Live magazine September 2006!

Vale de Ouro -
The Quality Lifestyle Investment.

Property size in terms of square meters is yet to be confirmed and therefore should not be considered accurate.

Located between the traditional villages of Budens and Raposeira, Vale de Ouro is set just a short distance from the Western Algarve's premier golf and leisure resort, Parque de Floresta and about 15 minutes drive from the historic town of Lagos. Following the opening of the new motorway, Vale di Ouro is a one hour journey from Faro International Airport.

Vale de Ouro, which translates to "Valley of Gold", in reference to the 3,000 hours of glorious sunshine experienced by the Western Algarve, provides an exclusive opportunity to realise the aspiration of a luxury home in a premier holiday resort location. In addition you can also gain an exceptional investment in one of the fastest growing regions in Portugal.

To support its superior location and specification, the Vale de Ouro investment has been structured to ensure that this is not just a lifestyle choice but a wealth-generating investment, which allows investors access to a six year, hands-off transaction.

The resort will begin construction in 2006 and is estimated to complete in three years. With just a 20% deposit required during this time, investors can benefit from full capital appreciation on the property during the build period.

Following this, there is 3 year rental guarantee of 5.5% gross to all purchasers. This significant return in the early years will provide security for the investment giving the resort sufficient time to establish itself within the tourism market. The letting management structure also allows for six weeks personal usage.

80% finance is available in Portugal (subject to terms and conditions) and owners of the villas will get significant concessions at the sister resort Of Vale de Ouro, The Vigia Group flagship resort, Parque de Floresta.

There are just 24 two bedroom houses and 73 three bedroom houses with demand already proving high. Resort facilities will include tennis courts, a swimming pool, reception and a bar.

Prices range from €386,000 (£267,500) to €466,000 (£323,000) -
Contact us now for further details.

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Portugal Mortgages: Example for REF 156

( Villa in Vale de Ouro, Budens, Western Algarve Lagos, Portugal )

Interest only mortgage

Example APR = 5.1 %
Example Mortgage Term = 30 years
30% Deposit = 115,800 EUR
70 % Financed = 270,200 EUR
Monthly mortgage repayment = 1148.35 EUR (€ 1148.35/ £ 920.75/ $ 1824.38)

Capital repayment mortgage:

Example APR = 5.1 %
Example Mortgage Term = 30 years
30% Deposit = 115,800 EUR
70 % Financed = 270,200 EUR
Monthly mortgage repayment = 1467.05 EUR (€ 1467.05/ £ 1176.28/ $ 2330.7)

Correct as at Saturday, September 06, 2008