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Portugal - Algarve - Monchique Are you looking for an off-grid property, secluded without being too far from amenities ? This beautiful property is located in the heart of a green valley, just 10 minutes from Marmelete, consisting of a house of 88 m² to renovate and a second ruin of 80 m²
Monchique, Faro, Portugal
REF: 286420
€235,000
Description
Portugal - Algarve - Monchique Are you looking for an off-grid property, secluded without being too far from amenities ? This beautiful property is located in the heart of a green valley, just 10 minutes from Marmelete, consisting of a house of 88 m² to renovate and a second ruin of 80 m². Excellent opportunity. Easily accessible by a tarmac road, the land enchants first by its entrance flanked by cork trees, flan of mountain. It offers a large flat part on a riverside (seasonnal), with a fertile soil ideal for agriculture. The main house is a bit higher, with a good sun exposure, everything has to be redone inside. The garage can be easily converted into an independent studio with mezzanine. NOTA : house registered and licensed. Water from a spring + seasonal river. There is also a spring located a few minutes away, flowing all year round, where local residents come to get water for decades. The second ruin is completely separated with excellent privacy. NOTA : ruin without certificate The wide and accessible path leading to the top offers a magnificent view of the valley and reveals some remarkable spots to install a caravan, glamping tent, etc. Land with a lot of medronheiro trees, used to make eau de vie. Location is ideal : a few kilometers away is the charming town of Marmelete, with several cafes, restaurants and services, and the beaches of Aljezur are just twenty kilometers away. It is 40 minutes to Lagos or Portimão. Do not miss the opportunity to visit this small piece of paradise, contact us! NOTE 1: Land inserted in REN (Ecological Reserve), any expansion of the built area must be approved through a project. NOTE 2: the adjacent land can be sold, 12 ha with a ruin of 90 m², for ~1€/m² #ref: 53033
Portugal - Algarve - Monchique Are you looking for an off-grid property, secluded without being too far from amenities ? This beautiful property is located in the heart of a green valley, just 10 minutes from Marmelete, consisting of a house of 88 m² to renovate and a second ruin of 80 m². Excellent opportunity. Easily accessible by a tarmac road, the land enchants first by its entrance flanked by cork trees, flan of mountain. It offers a large flat part on a riverside (seasonnal), with a fertile soil ideal for agriculture. The main house is a bit higher, with a good sun exposure, everything has to be redone inside. The garage can be easily converted into an independent studio with mezzanine. NOTA : house registered and licensed. Water from a spring + seasonal river. There is also a spring located a few minutes away, flowing all year round, where local residents come to get water for decades. The second ruin is completely separated with excellent privacy. NOTA : ruin without certificate The wide and accessible path leading to the top offers a magnificent view of the valley and reveals some remarkable spots to install a caravan, glamping tent, etc. Land with a lot of medronheiro trees, used to make eau de vie. Location is ideal : a few kilometers away is the charming town of Marmelete, with several cafes, restaurants and services, and the beaches of Aljezur are just twenty kilometers away. It is 40 minutes to Lagos or Portimão. Do not miss the opportunity to visit this small piece of paradise, contact us! NOTE 1: Land inserted in REN (Ecological Reserve), any expansion of the built area must be approved through a project. NOTE 2: the adjacent land can be sold, 12 ha with a ruin of 90 m², for ~1€/m² #ref: 53033
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Currency Exchange
Monchique, 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 €235,000 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 |
|---|---|---|---|
| €235,000 | £193,617 | £201,971 | £8,354 |
| Property Price € | €235,000 |
| Minimum cost in the last six months | £193,617 |
| Maximum cost in the last six months | £201,971 |
| Fluctuating exchange rates over the last six months could have increased the cost of this property by | £8,354 |
Monchique, 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 €235,000 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 |
|---|---|---|---|
| €235,000 | £193,617 | £201,971 | £8,354 |
| Property Price € | €235,000 |
| Minimum cost in the last six months | £193,617 |
| Maximum cost in the last six months | £201,971 |
| Fluctuating exchange rates over the last six months could have increased the cost of this property by | £8,354 |
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 £8,354 more.
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