Apartment for sale in Silves

Apartment for sale in Silves Apartment for sale in Silves Apartment for sale in Silves Apartment for sale in Silves Apartment for sale in Silves Apartment for sale in Silves Apartment for sale in Silves Apartment for sale in Silves Apartment for sale in Silves Apartment for sale in Silves
Price 275,000
Pool No
Bedrooms: 2
Bathrooms: 2
Size: 0 m²
Plot: 0 m²

This two-bedroom apartment is for sale in Armação de Pêra, Silves. The property is located in a fantastic location within a two-minute walk to Praia de Armação de Pêra. The apartment comprises a large entrance hallway, an open-plan dining room leading into a fully equipped kitchen with a range of storage cupboards and a covered balcony with distant sea views.

There are also two spacious bedrooms with built-in wardrobes, one of the bedrooms benefits from an en-suite bathroom. Completing the property is a further bathroom serving the second bedroom.

The building is complete with a lift taking you to the apartment situated on the 6th floor.

This property would make a great investment to create income as a holiday rental.

Armação de Pêra is a popular fishing village with cobbled streets, a range of beaches, restaurants, bars and shops. Located close by is Silves one of the oldest towns in central Algarve, with its rich history, built on the banks of the River Arade. The river represented an important historic time as it was the main link between the hinterland and the coast.

Mortgage Simulation: Duration / Period: 30 years / 360 months
Purchase Price: 275,000
20% Deposit / Down Payment: 55,000
Finance: 220,000
Interest Rate: 0.9%
Monthly Payment: 697.55

Mortgage Simulation: Duration / Period: 40 years / 480 months
Purchase Price: 275,000
20% Deposit / Down Payment: 55,000
Finance: 220,000
Interest Rate: 0.9%
Monthly Payment: 545.94

Rental Simulation
Season and Rate per week
Spring (01 April – 31 May) – 1150
Easter Week (Dates will vary) – 1250
Early Summer (01 – 30 June) – 1200
Summer (01 July – 15 September) – 1400
Late Summer (15 – 30 September) – 1200
Autumn (01 – 31 October) – 1150
Winter (01 Nov – 31 March) – 900

Features

Air conditioning

Close to the beach

Elevator

Central location

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