Beautifully Renovated 1-Bedroom Apartment at Quinta do Paraíso, Carvoeiro

Lagoa, Faro, Portugal, 8400-558

For Sale

€250,000

REF: 844815 €250,000


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Description

This beautifully renovated one-bedroom apartment comes complete with brand new furnishings and appliances, resort-style living and a guaranteed rental return, making it an ideal turnkey property for both investment and holidays. Located in the coveted neighborhood of Mato Serrão in Carvoeiro, the apartment is part of a property makeover of the Jardim do Paraíso complex at the luxury Quinta do Paraíso resort.

INTERIOR HIGHLIGHTS: This fully furnished first floor apartment has been completely renovated with a tastefully sleek urban feel, providing the utmost in comfort. The open-concept living-dining room seamlessly integrates with the kitchen and balcony, looking out to the grass and pool area. Extra features include a pull-out sofa with a double bed in the living room, a double-entry bathroom which essentially functions as two, and a storage closet in the entryway.

RESORT HIGHLIGHTS: Jardim do Paraíso consists of 60 apartments in nine 2-story buildings surrounding an inviting communal pool with nice, grassed areas. Immerse yourself in the resort lifestyle by taking a refreshing dip and lounging by the pool, or enjoy the facilities at nearby Quinta do Paraíso, including two large pools for adults (one heated), a kids pool, restaurants, a pool bar, tennis courts, mini-golf and a children's playground.

PRIME LOCATION: Located in one of the most desirable areas of the Algarve to visit and live, Jardim do Paraíso is in the quiet neighborhood of Mato Serrão, close to gorgeous beaches and coastal trails, just a 5-minute walk from the renowned Carvoeiro Tennis & Padel Club, and a short drive from popular golf courses such as Gramacho and Vale da Pinta.

A comfortable walk away, the picturesque seaside village of Carvoeiro offers a variety of great dining and shopping options, while more options abound in nearby towns such as Ferragudo, Lagoa, Portimão, Benagil and Silves. INVESTMENT: A 3-year rental guarantee under a resort AL License provides 5 % net annual return before tax (based on building value), plus a selected free rental option.

KEY PROPERTY FEATURES: Property Type: First floor apartment, fully furnished and equipped; total area of 65m 1 Bedroom ensuite with built-in closet; sofa-bed in living room sleeps additional 2 1-1/2 Bathrooms: Bathroom en suite, with separate access and half bathroom from corridor Living Space: Spacious open-plan design incorporating living and dining room, leading into kitchen and out to balcony.

Balcony: Seats 4; looks out onto pool area Kitchen: Well-equipped for meal preparation with fridge, 4-plate stove, microwave, dishwasher, clothes washer, toaster & coffee machine Additional Features: Air-conditioning; TV and high-speed Wi-Fi Amenities: Central pool area plus access to Quinta do Paraíso amenities Parking: Common area plus street parking CARVOEIRO BASICS: Weather: 300+ days of sunshine a year Fitness & racquet facilities: Carvoeiro Tennis & Padel Club; Rocha Brava Nearby Beaches: Carvoeiro, Centeanes, Carvalho, Benagil, Marinha, Caneiros Local Golf Courses: Gramacho, Vale da Pinta, Vale de Milho, Silves Distances:+/- 45 minutes from Faro Airport +/- 2,45 hours from Lisbon airport +/- 10 minutes from train station in Estômbar or bus hub in Lagoa Ground floor 1-bedroom apartment with balcony is also available.

Please contact me for further details or to schedule a tour to experience this wonderful apartment firsthand! INFORMATION KW Flash offers financial assistance by a Credit Intermediary authorised by Banco de Portugal. If you have any financing needs, we can help. At KW Flash, we share business with all real estate consultants or agencies with an AMI license because we believe that, together, we can do more for our clients. If you are a real estate professional with a qualified customer, please contact me to schedule a visit.
This beautifully renovated one-bedroom apartment comes complete with brand new furnishings and appliances, resort-style living and a guaranteed rental return, making it an ideal turnkey property for both investment and holidays. Located in the coveted neighborhood of Mato Serrão in Carvoeiro, the apartment is part of a property makeover of the Jardim do Paraíso complex at the luxury Quinta do Paraíso resort.

INTERIOR HIGHLIGHTS: This fully furnished first floor apartment has been completely renovated with a tastefully sleek urban feel, providing the utmost in comfort. The open-concept living-dining room seamlessly integrates with the kitchen and balcony, looking out to the grass and pool area. Extra features include a pull-out sofa with a double bed in the living room, a double-entry bathroom which essentially functions as two, and a storage closet in the entryway.

RESORT HIGHLIGHTS: Jardim do Paraíso consists of 60 apartments in nine 2-story buildings surrounding an inviting communal pool with nice, grassed areas. Immerse yourself in the resort lifestyle by taking a refreshing dip and lounging by the pool, or enjoy the facilities at nearby Quinta do Paraíso, including two large pools for adults (one heated), a kids pool, restaurants, a pool bar, tennis courts, mini-golf and a children's playground.

PRIME LOCATION: Located in one of the most desirable areas of the Algarve to visit and live, Jardim do Paraíso is in the quiet neighborhood of Mato Serrão, close to gorgeous beaches and coastal trails, just a 5-minute walk from the renowned Carvoeiro Tennis & Padel Club, and a short drive from popular golf courses such as Gramacho and Vale da Pinta.

A comfortable walk away, the picturesque seaside village of Carvoeiro offers a variety of great dining and shopping options, while more options abound in nearby towns such as Ferragudo, Lagoa, Portimão, Benagil and Silves. INVESTMENT: A 3-year rental guarantee under a resort AL License provides 5 % net annual return before tax (based on building value), plus a selected free rental option.

KEY PROPERTY FEATURES: Property Type: First floor apartment, fully furnished and equipped; total area of 65m 1 Bedroom ensuite with built-in closet; sofa-bed in living room sleeps additional 2 1-1/2 Bathrooms: Bathroom en suite, with separate access and half bathroom from corridor Living Space: Spacious open-plan design incorporating living and dining room, leading into kitchen and out to balcony.

Balcony: Seats 4; looks out onto pool area Kitchen: Well-equipped for meal preparation with fridge, 4-plate stove, microwave, dishwasher, clothes washer, toaster & coffee machine Additional Features: Air-conditioning; TV and high-speed Wi-Fi Amenities: Central pool area plus access to Quinta do Paraíso amenities Parking: Common area plus street parking CARVOEIRO BASICS: Weather: 300+ days of sunshine a year Fitness & racquet facilities: Carvoeiro Tennis & Padel Club; Rocha Brava Nearby Beaches: Carvoeiro, Centeanes, Carvalho, Benagil, Marinha, Caneiros Local Golf Courses: Gramacho, Vale da Pinta, Vale de Milho, Silves Distances:+/- 45 minutes from Faro Airport +/- 2,45 hours from Lisbon airport +/- 10 minutes from train station in Estômbar or bus hub in Lagoa Ground floor 1-bedroom apartment with balcony is also available.

Please contact me for further details or to schedule a tour to experience this wonderful apartment firsthand! INFORMATION KW Flash offers financial assistance by a Credit Intermediary authorised by Banco de Portugal. If you have any financing needs, we can help. At KW Flash, we share business with all real estate consultants or agencies with an AMI license because we believe that, together, we can do more for our clients. If you are a real estate professional with a qualified customer, please contact me to schedule a visit.
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Currency Exchange

Lagoa, Faro, Portugal, 8400-558

Interested in this property? Don't lose out to currency fluctuations changing the price you pay...

Many overseas buyers in Portugal do not realise they can lose thousands of pounds through adverse currency exchange rate movements.

The property buying process in Portugal takes time; it could be up to six months between seeing the property of your dreams and actually taking ownership. So how much would this €250,000 property cost you?

Property Price € Minimum cost in the last six months Maximum cost in the last six months Fluctuating exchange rates over the last six months could have increased the cost of this property by
€250,000 £205,975 £211,523 £5,548
Property Price € €250,000
Minimum cost in the last six months £205,975
Maximum cost in the last six months £211,523
Fluctuating exchange rates over the last six months could have increased the cost of this property by £5,548

Lagoa, Faro, Portugal, 8400-558

Interested in this property? Don't lose out to currency fluctuations changing the price you pay...

Many overseas buyers in Portugal do not realise they can lose thousands of pounds through adverse currency exchange rate movements.

The property buying process in Portugal takes time; it could be up to six months between seeing the property of your dreams and actually taking ownership. So how much would this €250,000 property cost you?

Property Price € Minimum cost in the last six months Maximum cost in the last six months Fluctuating exchange rates over the last six months could have increased the cost of this property by
€250,000 £205,975 £211,523 £5,548
Property Price € €250,000
Minimum cost in the last six months £205,975
Maximum cost in the last six months £211,523
Fluctuating exchange rates over the last six months could have increased the cost of this property by £5,548

The exchange rate on the day you make an offer on your property in Portugal will not be the same as the rate you pay when you complete on your purchase, as currency markets move constantly. Any large rate movements may take it beyond your price range as the chart above illustrates the fluctuation and how much extra your property could have cost you.

The best way to avoid this significant risk is to plan your budget and currency strategy with an experienced currency specialist. They have been known to save you up to 4% compared to many high street banks, £4,000 for every £100,000, which soon adds up. They will also keep you up to date on market movements, help you set a rate in advance with a product called a Forward Contract - so you know exactly what you will pay for your property in sterling.

This is why we recommend Smart Currency Exchange Ltd. If exchange rate movements continue to be as unpredictable and as significant as they have been in the past then by not using Smart Currency Exchange Ltd your property could cost you £5,548 more.

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