Wonderfully Refurbished T1+1 Apartment in Carvoeiro Resort with 5% Rental Guarantee

Lagoa, Faro, Portugal

For Sale

€320,000

REF: 967707 €320,000


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Description

Part of a property makeover of the Jardim do Paraíso complex at the prime Quinta do Paraíso, this fully renovated apartment comes complete with brand new furnishings and appliances, resort-style living and a guaranteed rental return, making it an ideal turnkey property. KEY PROPERTY FEATURES: -Ground-floor apartment; total area of 92m -Fully furnished with a relaxed beach-style décor; equipped with new appliances -1+1 Bedrooms: 1 generous master bedroom with built-in closets and bathroom ensuite; 1 additional room with sofa-bed and desk, flexible as guestroom or office space -2 Bathrooms: 1 ensuite; 1 in common area -Spacious open-plan design incorporating living, dining and kitchen areas; accommodates up to 4 - Well-equipped kitchen for meal preparation, including fridge, 4-plate stove, microwave, dishwasher, toaster and coffee-maker - Generous terrace with table seating for 4, along with grassed area enclosed by hedges, plus an outdoor seating area by the entrance.

Additional property features include: -Storage & laundry space; double glazing with mosquito netting and shutters; solar paneling; A/C, TV and high-speed Wi-Fi. -Resort Amenities: Central pool and garden area; additional access to Quinta do Paraíso amenities -Parking: Ample common area & street parking INVESTMENT DETAILS 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.

RESORT HIGHLIGHTS: Jardim do Paraiso consists of 60 apartments in nine 2-story buildings, surrounding an inviting communal pool with pleasing landscaped 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 a quiet neighborhood 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. 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 -2.5 hours from Lisbon airport -10 minutes from train station in Estômbar or bus hub in Lagoa Don t miss the chance to make this apartment in Carvoeiro your own! ANNUAL COSTS: Property Tax (IMI): 394 Condo Fees (2025): 2,317 Additional units including first-floor apartments are 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. Together we can do more for our clients.

At KW Flash, we share business 50/50 with all real estate consultants or agencies with an AMI license. If you are a real estate professional with a qualified customer, please contact me to schedule a visit.
Part of a property makeover of the Jardim do Paraíso complex at the prime Quinta do Paraíso, this fully renovated apartment comes complete with brand new furnishings and appliances, resort-style living and a guaranteed rental return, making it an ideal turnkey property. KEY PROPERTY FEATURES: -Ground-floor apartment; total area of 92m -Fully furnished with a relaxed beach-style décor; equipped with new appliances -1+1 Bedrooms: 1 generous master bedroom with built-in closets and bathroom ensuite; 1 additional room with sofa-bed and desk, flexible as guestroom or office space -2 Bathrooms: 1 ensuite; 1 in common area -Spacious open-plan design incorporating living, dining and kitchen areas; accommodates up to 4 - Well-equipped kitchen for meal preparation, including fridge, 4-plate stove, microwave, dishwasher, toaster and coffee-maker - Generous terrace with table seating for 4, along with grassed area enclosed by hedges, plus an outdoor seating area by the entrance.

Additional property features include: -Storage & laundry space; double glazing with mosquito netting and shutters; solar paneling; A/C, TV and high-speed Wi-Fi. -Resort Amenities: Central pool and garden area; additional access to Quinta do Paraíso amenities -Parking: Ample common area & street parking INVESTMENT DETAILS 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.

RESORT HIGHLIGHTS: Jardim do Paraiso consists of 60 apartments in nine 2-story buildings, surrounding an inviting communal pool with pleasing landscaped 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 a quiet neighborhood 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. 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 -2.5 hours from Lisbon airport -10 minutes from train station in Estômbar or bus hub in Lagoa Don t miss the chance to make this apartment in Carvoeiro your own! ANNUAL COSTS: Property Tax (IMI): 394 Condo Fees (2025): 2,317 Additional units including first-floor apartments are 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. Together we can do more for our clients.

At KW Flash, we share business 50/50 with all real estate consultants or agencies with an AMI license. 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

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 €320,000 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
€320,000 £264,115 £277,789 £13,674
Property Price € €320,000
Minimum cost in the last six months £264,115
Maximum cost in the last six months £277,789
Fluctuating exchange rates over the last six months could have increased the cost of this property by £13,674

Lagoa, Faro, Portugal

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 €320,000 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
€320,000 £264,115 £277,789 £13,674
Property Price € €320,000
Minimum cost in the last six months £264,115
Maximum cost in the last six months £277,789
Fluctuating exchange rates over the last six months could have increased the cost of this property by £13,674

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 £13,674 more.

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