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Two Bed Two Bath Townhouse

Here is a great deal on a townhouse in the Algarve, Portugal with a free car;
2 bedroom, 2 bathroom townhouse on a private gated community of just 22 townhouses with a large adult and kids pool.

Financial Details
The current owner has bought the townhouse outright and is happy to sell the property on monthly installments at 0% interest over 15 years.
As there is no banks involved there are no credit checks or deposits required. All you need to pay upfront are the agency and legal fees which amount to £5,000.
The total price of the townhouse is 185,000 Euros, therefor the monthly installments will be 1027 Euros per month over the fifteen years.
The balance can be cleared at anytime during the term without penalty and if you want to sell the property or transfer the contract this can be done at anytime during the term.
Other costs to consider are ;
Monthly community charges of 78 Euros, this covers all aspects of the community ie Swimming pools, gardens, lighting, security.
Annual Insurance which is 110 Euros covers against fire, vandalism and earthquakes to the total community.
The current taxes are 320 Euros per year.

FREE Honda CRV FREE CAR
Here is an image of a Honda CRV to give you an idea of how they look, the car in the picture is not the free car, it is purely to show you the model;
The owner has a car in Portugal that he is willing to give away to a buyer of the Townhouse as an incentive.

• The car is a Honda CRV
• 5 Doors
• 05 Plate
• Left Hand Drive
• Petrol
• Automatic
• Owned From New with a Full Service History
• In Immaculate Condition

STRUCTURE OF THE DEAL
Providing you are keeping up with the payments listed previously you can use the property as you wish, to live in, as a holiday home or to rent out as an investment. You will also be able to sell the property on for a premium at anytime you wish providing it clears off the existing finance due. You can transfer the contract onto another buyer at anytime during the term should you no longer wish to proceed. Once you have cleared the balance the title deeds will be transferred into your name.

ACCOMMODATION
Semi detached townhouse style villa in a private gated community
• Brand new condition
• 2 bedrooms
• 2 bathrooms
• Fully Furnished
• Very Spacious
• Beautiful Gardens

ABOUT THE COMMUNITY
The property is located in the community of ‘Apartmentos Montes de Alvor’. The community is absolutely stunning and tranquil. It is a gated community of 23 townhouses with a large adults and kids swimming pool. There is ample private parking in the community. Next door to the community is an 8 rink grass lawn bowling green plus tennis courts.

PRIME LOCATION
Located in the western Algarve, the townhouse is a 5 minute drive, 20 minute walk from the town of Alvor and its beautiful beaches. There is a bus stop opposite the community where buses run every 20 minutes into Alvor and the surrounding areas. There are many superb golf courses and beaches very nearby. Portimao and Praia da Rocha are just a short distance away. The nearest airport is Faro which services many flights all over Europe for the huge tourist market that flock to the Algarve.