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249 000 €
Apartment T1 in Portimão, Portimão
Portimão, FaroApartment T1 in Portimão with elevator
57 m²
1 Bedrooms
1 WC
Skip to main contentEnergy efficiency 
Apartment T1 for sale
This exceptional one-bedroom apartment offers a rare combination of tranquility, strategic location, and investment potential in the heart of the Algarve. Designed for discerning buyers seeking a primary residence or a profitable holiday rental asset, this property provides immediate access to the pristine sands of Praia do Vau. The apartment is situated in a building with elevators and ample parking space around. Upon entry, residents are greeted by an open-plan living area with kitchenette, that seamlessly integrates the living room with a large sunny balcony facing south west. The bedroom, with ample storage space opens up to the same balcony creating a fluid environment perfect for daily living or entertaining guests. This outdoor extension of the living space, which provides direct sun from midday until sunset, captures breathtaking sea views and serves as a private vantage point, enhancing the overall quality of life within the apartment. Location is a critical factor in real estate value, and this apartment excels in this regard. It is located just ten minutes on foot from Praia do Vau, one of the most beloved beaches in the Algarve. This proximity allows residents to enjoy the beach lifestyle without the need for a vehicle for daily activities. Beyond the beach, the surrounding neighborhood is rich in amenities. A variety of services, cafés, and restaurants are within walking distance, ensuring that all daily necessities and leisure opportunities are readily accessible. The financial structure of this property makes it particularly attractive for investors and permanent residents alike. The condominium fees are exceptionally low at 23.07 euros per month. This minimal monthly cost significantly reduces the total cost of ownership, providing a stable and predictable budget for homeowners. Additionally, the apartment offers the unique option to access the swimming pool of a neighboring building. This privilege is available for an annual fee of 860 euros, providing residents with additional recreational facilities without the high costs typically associated with full condominium memberships. This flexibility allows owners to choose between the privacy of their own balcony and the communal amenities of the nearby pool complex. Whether used for seasonal enjoyment or year-round living, this apartment offers a compelling blend of lifestyle benefits and financial efficiency. The combination of sea views, spacious outdoor areas, and a prime location near Praia do Vau creates a unique opportunity for those seeking a high-quality lifestyle in the Algarve.
Details
Construction Year1989
Gross Area m²57
ElevatorYes
Private Gross Area m²57
Living Area m²41
GarageNo
Total Lot Size m²57
Price m²4 368 €
Floor3rd floor
Location
Attributes
Elevator
Air Conditioning
Terrace
Swimming Pool
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Origin Listing reference:id. C0205-07288
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