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380 000 €

Apartment in Portimao, Portugal, 101 sq.m
  • Apartment in Portimao, Portugal, 101 sq.m - picture 1
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  • Apartment in Portimao, Portugal, 101 sq.m - picture 1
  • Apartment in Portimao, Portugal, 101 sq.m - picture 2
  • Apartment in Portimao, Portugal, 101 sq.m - picture 3
  • Apartment in Portimao, Portugal, 101 sq.m - picture 4
  • Apartment in Portimao, Portugal, 101 sq.m - picture 5
  • Apartment in Portimao, Portugal, 101 sq.m - picture 6
  • Apartment in Portimao, Portugal, 101 sq.m - picture 7
  • Apartment in Portimao, Portugal, 101 sq.m - picture 8
  • Apartment in Portimao, Portugal, 101 sq.m - picture 9
  • Property ID on Prian.info: 3792713
    Last update: 09.10.2023
    Number of views: 1526

380 000 €

Apartment in Portimao, Portugal, 101 sq.m

101 sq.m 3 2 2

  • Property ID on Prian.info: 3792713
    Last update: 09.10.2023
    Number of views: 1526

Specifications

Sale price 380 000 €
Price per square meter 3 762 €
Floor area 101 sq.m
Floor 1
Number of storeys 4
Total number of rooms 3
Number of bedrooms 2
Number of bathrooms 2
Construction phase Off-plan
Facility completion deadline 2024
Address Portugal, Portimao, Portimão
Location at the seaside, on a SPA-resort
to the airport 62 kilometers
to the beach 200 meters
to the historical city center 1 kilometers
Three-room Apartment

Finance

Business expenses
Not included in the price
Possible payment by installments
Contract period from 1 for 2 years

Description

Olivie is a luxury condominium located in one of the quietest and most accessible areas of Portimão, just 5 minutes away from both the city center and Alvor. The project features modern architecture, high-quality standards, excellent finishes, and superior materials.

Construction has already begun, and the two buildings are expected to be completed by December 2024.

The condominium offers spacious T2 and T3 apartments with generous living areas and large balconies. Residents will have access to an outdoor swimming pool, a gymnasium, and basement parking for one or two vehicles.

The apartments in Olivie are designed with utmost attention to detail and offer a wide range of amenities and utilities, including Daikin air conditioning, underfloor heating in the bathrooms, electric blinds and blinds, a fully equipped kitchen by BOSCH, a garage place or places, solar water heating system, video intercom, excellent thermal and acoustic insulation, high-quality materials, and luxury finishes. These features ensure a comfortable and luxurious living experience.

Olivie Condominium is suitable for permanent residence, vacationing, or rental purposes, providing flexibility and versatility to residents. The rental yield is from 4% year-on-year

Portimão, the location of this wonderful project, is one of the most beloved cities in the Algarve. Situated on the estuary of the River Arade, Portimão is the largest city in the Western Algarve with a population of around 60,000. It is renowned for its historic center, vibrant marina, and proximity to beautiful beaches like Praia da Rocha, which is widely recognized as one of the best beaches in the Algarve. The beach features vast stretches of golden sand, calm waters, and stunning ochre cliffs as a backdrop, along with the medieval fort of Santa Catarina de Ribamar.

Portimão offers a variety of other excellent beaches with golden sands and tranquil waters, making it a popular holiday destination. Praia da Rocha, located approximately three kilometers from the city center, is particularly well-known and has become an iconic image of the Algarve with its expansive sandy beach.

As a long-established seaside resort, Portimão provides various leisure activities and amenities, including a casino and a range of entertainment options. The mouth of the Arade River has hosted major events in recent years, including the Portuguese competition for the international Formula 1 powerboat championship.

Today, Portimão is a reference municipality in the Algarve, known for its vibrant tourist offerings and dynamic atmosphere. The city offers a diverse range of activities and maintains a lively rhythm throughout the year, making it an exciting and vibrant place to live or visit.

In total, there are two buildings in the condominium: in one - 8 apartments, in the other - 7 apartments of typology T2 (two bedrooms) and T3 (three bedrooms). Available:

  • Four T2 apartments with a total area from 95 m2 to 101 m2;

Price € 380 000 and € 385 000.

  • Nine T3 apartments with a total area from 211 m2 to 254 m2;

Price from € 495 000 to € 530 000


Additional features

House's or compound's infrastructure and equipment

  • swimming pool
  • secured area
  • concierge
  • guarded parking
  • elevator
  • playground
Read further

Apartment details

  • fully furbished
  • sea view
  • fine finishing
  • furniture only in kitchen
  • balcony/terrace with total area of 18 sq.m
  • air conditioner
  • private heating
  • fire alarm
  • high-speed internet access
  • telephone connection
  • the seller helps with furnishing
Read further

Household appliances

  • fridge
  • washing-machine
  • dishwasher
  • stove
  • microwave
Read further

Contact seller

Message sent

Representative

Diogo Cardoso
Languages: english, portuguese, italian
Show phone number



Cost of accomodation in Portimao

Cost of accomodation in Portimao
Restaurants
Cappuccino (regular) 1.69 €
Coke/Pepsi (0.33 liter bottle) 1.72 €
Domestic Beer (0.5 liter draught) 2.00 €
McMeal at McDonalds (or Equivalent Combo Meal) 7.50 €
Meal for 2 People, Mid-range Restaurant, Three-course 40.00 €
Meal, Inexpensive Restaurant 10.00 €
Water (0.33 liter bottle) 1.23 €
Imported Beer (0.33 liter bottle) 2.00 €
Markets
Apples (1kg) 1.65 €
Banana (1kg) 0.99 €
Beef Round (1kg) (or Equivalent Back Leg Red Meat) 7.86 €
Bottle of Wine (Mid-Range) 4.50 €
Chicken Fillets (1kg) 5.12 €
Domestic Beer (0.5 liter bottle) 0.96 €
Eggs (regular) (12) 2.42 €
Lettuce (1 head) 0.85 €
Loaf of Fresh White Bread (500g) 1.21 €
Local Cheese (1kg) 6.92 €
Milk (regular), (1 liter) 0.82 €
Onion (1kg) 1.60 €
Oranges (1kg) 1.18 €
Cigarettes 20 Pack (Marlboro) 4.70 €
Potato (1kg) 1.35 €
Rice (white), (1kg) 1.42 €
Tomato (1kg) 2.01 €
Water (1.5 liter bottle) 0.64 €
Imported Beer (0.33 liter bottle) 1.58 €
Transportation
Gasoline (1 liter) 1.97 €
Monthly Pass (Regular Price) 13.50 €
One-way Ticket (Local Transport) 0.93 €
Taxi 1hour Waiting (Normal Tariff) 15.00 €
Taxi Start (Normal Tariff) 3.00 €
Taxi 1km (Normal Tariff) 0.50 €
Toyota Corolla Sedan 1.6l 97kW Comfort (Or Equivalent New Car) 20 666.67 €
Volkswagen Golf 1.4 90 KW Trendline (Or Equivalent New Car) 23 500.00 €
Rent Per Month
Apartment (1 bedroom) in City Centre 696.67 €
Apartment (1 bedroom) Outside of Centre 594.44 €
Apartment (3 bedrooms) in City Centre 1 112.50 €
Apartment (3 bedrooms) Outside of Centre 877.14 €
Utilities (Monthly)
Mobile Phone Monthly Plan with Calls and 10GB+ Data 19.10 €
Basic (Electricity, Heating, Cooling, Water, Garbage) for 85m2 Apartment 86.15 €
Internet (60 Mbps or More, Unlimited Data, Cable/ADSL) 28.38 €
Sports And Leisure
Cinema, International Release, 1 Seat 6.00 €
Fitness Club, Monthly Fee for 1 Adult 30.25 €
Tennis Court Rent (1 Hour on Weekend) 7.57 €
Clothing And Shoes
1 Pair of Jeans (Levis 501 Or Similar) 24.40 €
1 Pair of Men Leather Business Shoes 37.80 €
1 Pair of Nike Running Shoes (Mid-Range) 42.50 €
1 Summer Dress in a Chain Store (Zara, H&M, ...) 15.50 €
Childcare
International Primary School, Yearly for 1 Child 6 033.33 €
Preschool (or Kindergarten), Full Day, Private, Monthly for 1 Child 325.00 €
Buy Apartment Price
Price per Square Meter to Buy Apartment in City Centre 2 418.00 €
Price per Square Meter to Buy Apartment Outside of Centre 2 288.83 €
Salaries And Financing
Average Monthly Net Salary (After Tax) 957.50 €
Mortgage Interest Rate in Percentages (%), Yearly, for 20 Years Fixed-Rate 3.18 %

Data on the cost of living is provided by the service Numbeo.com. Prian.info can not in any way guarantee the authenticity and correctness of the data.

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Seller
Diogo Cardoso representative of the company

Glacier Location LDA

Languages: english, portuguese, italian
Contact seller