Pateo De Convento, Lagos

Algarve, Portugal

  • Price

    €210,000 - €240,000

  • Type

    2 & 3 bed apartments
    1055 sq ft 2 beds
    1345 sq ft 3 beds

  • Offer

    Last 2 Units. Ready to occupy. 20% BMV

Newly complete, the apartments in Pateo de Convento offer the very latest in Portuguese living and have been finished to the highest specification that benefits such a prime location in the 'old town' centre. Meia Praia beach, which is a 10 minutes walk from the development, is one of the biggest bays in Europe. With a calm sea due to its width, it is one of the Algarve's most favoured beaches, and offers 2.5 miles of white soft sand for those who enjoy walking, or jogging along the waters edge.

Gallery

The town itself is a major fishing port steeped in history and interest. Lagos offers tourists a mix of history; old-world charm and entertainment, mixed with perfect Mediterranean weather conditions providing a long season for short stay accommodation.

For those who have not had the pleasure of visiting Lagos as yet, it is a beautiful city enclosed within 5th century walls in the southern region of the Western Algarve, in Portugal. The total population is just over 27,000 inhabitants. The beaches around Lagos are some of the most beautiful of the Algarve, like Praia de Dona Ana, which can be reached with a 25 minutes walk from the centre of the town, Praia do Camilo, a bit further on, and Meia Praia, just 10 minutes from the development, whose sands stretch for 4 km (2.5 miles).

Transfer time from Faro International airport is just 50 minutes.

Example Apartment

Apartment 2-B, 2 bed with parking, sized 1055 sq ft

Contract Purchase Price €210,000.00
AMV €243,750.00
Instant Equity €33,750.00
Lending Up to 80% LTV
Rental Yield 5.3% based on 16 week letting period (conservative)

Terms

  • €4,750 booking fee
  • 20% (less booking fee) payable on exchange of contracts, within 14 days of reservation
  • Balance of 80% due on completion (c. 8 weeks from reservation)

Questions? Enquiries?

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