USD
XCD
ARS
BSD
BRL
CAD
CLP
COP
CRC
EUR
DOP
EGP
HUF
INR
IDR
JPY
MUR
MXN
OMR
PAB
QAR
SAR
RSD
SCR
THB
TRY
AED
GBP
UYU
USD
VND
RUB
BGN
NZD
ZAR
AZN
AUD
BMD
ILS
KZT
KGS
RON
UZS
CZK
CHF
Global Properties

10 bedrooms Castles in Faro, Portugal No. 213530

$ 581 385
$ 3 266 per m²
10 Bedrooms
8 Bathrooms
178 Living space, m²
Faro, Portugal
Parameters
Bedrooms
10
Bathrooms
8
Living space, m²
178
ID
213530
Address
rua Caldas Xavier, 34
Type
Castles
Land area, m²
278
Property description
Incredible Rental Investment Opportunity in the Heart of Faro!Looking for your next lucrative real estate investment? This is the perfect opportunity! A spacious 3-storey house with two additional extensions, located in the heart of Faro, offering unrivaled rental potential and ideal for students, families or long-term renters.Key Features:8 Bedrooms, providing various acc


Incredible Rental Investment Opportunity in the Heart of Faro!Looking for your next lucrative real estate investment? This is the perfect opportunity! A spacious 3-storey house with two additional extensions, located in the heart of Faro, offering unrivaled rental potential and ideal for students, families or long-term renters.Key Features:8 Bedrooms, providing various accommodation options.5 Bathrooms, strategically distributed for convenience.6 Kitchens, allowing for multiple independent tenants.3 Living Rooms, ideal for communal or private use.Two additional extensions, each perfectly suited as independent studios.
Location, location, location!Faro Center: Close to the bustling city center, guaranteeing access to stores, restaurants and local attractions.Close to Faro Airport: Just a 10-minute drive away, ideal for tenants looking for convenience.Proximity to the University: Perfect for students, with the campus just a few minutes away on foot or by car.Close to Medical Centers: Offers peace of mind to tenants and adds to the appeal of the property.Investment Potential:This property is ideal for:Student Housing: Space for at least 10 students, with living areas and individual spaces.Multifamily Rental: Comfortably accommodates 3 families, each with their own kitchens and bathrooms.Extra Income: The 2 independent extensions are perfect for single professionals or additional tenants.A Renovator’s Dream!Although the property is in need of renovation, its potential is enormous. The asking price reflects its future income-generating capacity and its prime location. With a few improvements, this house will become a highly sought-after rental gem in Faro.Flexible Price - Make an Offer!We are open to reasonable offers, and with its location and potential, this investment is a rare opportunity. Don’t miss your chance to secure a high-income property in one of Faro’s most desirable areas.Contact us today to arrange a visit and explore the possibilities!

Features
Features
  • Balcony
  • Terrace
Statistics Faro
$ 4 620
Price per m²
164
Quality of Life Index
50
Cost of living Index
Parameters
[:second_city:]
Faro
Difference
Monthly Rent Cost
1-Room Apartment
$ 1 157
2-Room Apartment
$ 930
Apartment Purchase Price per m²
In the City Center
$ 4 620
Outside the City Center
$ 3 555
Crime Index
30
Cost of Living and Rent Index
40
Purchasing Power Index
73
Property Price to Income Ratio
14
Safety Index
70
Traffic CO₂ Index
5958
Traffic Inefficiency Index
141
Rent Index
27
Health Care Index
54
Groceries Index
48
Pollution Index
34
Traffic Commute Time Index
25
Restaurant Price Index
45
Climate Index
98
Cost of Living Index
50
Quality of Life Index
164
Traffic Index
120
Restaurants
Meal, Inexpensive Restaurant
$ 14.06
Meal for 2 People, Mid-range Restaurant, Three-course
$ 42.19
McMeal at McDonalds (or Equivalent Combo Meal)
$ 11.72
Domestic Beer (0.5 liter draught)
$ 2.93
Imported Beer (0.33 liter bottle)
$ 2.34
Coke/Pepsi (0.33 liter bottle)
$ 2.34
Water (0.33 liter bottle)
$ 1.64
Cappuccino (regular)
$ 1.90
Markets
Milk (regular), (1 liter)
$ 1.08
Loaf of Fresh White Bread (500g)
$ 1.55
Eggs (regular) (12)
$ 3.51
Local Cheese (1kg)
$ 14.51
Water (1.5 liter bottle)
$ 1.25
Bottle of Wine (Mid-Range)
$ 5.27
Domestic Beer (0.5 liter bottle)
$ 0.98
Imported Beer (0.33 liter bottle)
$ 3.08
Cigarettes 20 Pack (Marlboro)
$ 6.68
Apples (1kg)
$ 2.67
Chicken Fillets (1kg)
$ 6.35
Oranges (1kg)
$ 1.62
Potato (1kg)
$ 3.25
Lettuce (1 head)
$ 1.45
Rice (white), (1kg)
$ 1.85
Tomato (1kg)
$ 2.68
Banana (1kg)
$ 1.35
Onion (1kg)
$ 2.55
Beef Round (1kg) (or Equivalent Back Leg Red Meat)
$ 11.38
Transportation
One-way Ticket (Local Transport)
$ 3.52
Monthly Pass (Regular Price)
$ 43.36
Gasoline (1 liter)
$ 2.04
Volkswagen Golf 1.4 90 KW Trendline (Or Equivalent New Car)
$ 35 211
Taxi Start (Normal Tariff)
$ 3.87
Taxi 1km (Normal Tariff)
$ 1.17
Taxi 1hour Waiting (Normal Tariff)
$ 22.27
Toyota Corolla Sedan 1.6l 97kW Comfort (Or Equivalent New Car)
$ 39 931
Utilities (Monthly)
Basic (Electricity, Heating, Cooling, Water, Garbage) for 85m2 Apartment
$ 141
Internet (60 Mbps or More, Unlimited Data, Cable/ADSL)
$ 36.33
Mobile Phone Monthly Plan with Calls and 10GB+ Data
$ 20.36
Salaries And Financing
Average Monthly Net Salary (After Tax)
$ 1 465
Mortgage Interest Rate in Percentages (%), Yearly, for 20 Years Fixed-Rate
5%
Sports And Leisure
Fitness Club, Monthly Fee for 1 Adult
$ 44.54
Tennis Court Rent (1 Hour on Weekend)
$ 22.27
Cinema, International Release, 1 Seat
$ 11.72
Clothing And Shoes
1 Pair of Jeans (Levis 501 Or Similar)
$ 74.22
1 Summer Dress in a Chain Store (Zara, H&M, ...)
$ 46.30
1 Pair of Nike Running Shoes (Mid-Range)
$ 110
1 Pair of Men Leather Business Shoes
$ 107
Childcare
Preschool (or Kindergarten), Full Day, Private, Monthly for 1 Child
$ 479
International Primary School, Yearly for 1 Child
$ 12 708
Contact seller
Contact seller

Similar offers

$ 1 479 677
Building with Local Accommodation LicenseA historic building, very bright, sunny, and with excellent sun exposure, is located in the vibrant parish of Arroios. It offers a unique opportunity for...
104186