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House ready to move into, with 369 square metres of gross construction area, consisting of a hall, two living rooms, one with a small balcony and the other with a wood-burning stove, three bedrooms, one of which has a balcony, two bathrooms, a laundry room and a small patio
Penela, Coimbra, Portugal
REF: 319415
€125,000
Description
House ready to move into, with 369 square metres of gross construction area, consisting of a hall, two living rooms, one with a small balcony and the other with a wood-burning stove, three bedrooms, one of which has a balcony, two bathrooms, a laundry room and a small patio. The attic is large and has a small balcony, easily transformed into a living area. The house is characterised by large areas and rooms with high ceilings. On the ground floor there is a commercial space for a restaurant and café, consisting of two large rooms, a games room, kitchen, storage room, pantry, bathrooms for customers and staff. It is located in the historic centre of the town of Espinhal, a must-see with lots of visibility. A very pleasant area with excellent investment potential, given the scarcity of housing in the area. Close to the Pedra da Ferida waterfall, Louçainha river pool, schist villages, Sicó mountains and the beautiful medieval town of Penela. Come and see for yourself. #ref: 54538
House ready to move into, with 369 square metres of gross construction area, consisting of a hall, two living rooms, one with a small balcony and the other with a wood-burning stove, three bedrooms, one of which has a balcony, two bathrooms, a laundry room and a small patio. The attic is large and has a small balcony, easily transformed into a living area. The house is characterised by large areas and rooms with high ceilings. On the ground floor there is a commercial space for a restaurant and café, consisting of two large rooms, a games room, kitchen, storage room, pantry, bathrooms for customers and staff. It is located in the historic centre of the town of Espinhal, a must-see with lots of visibility. A very pleasant area with excellent investment potential, given the scarcity of housing in the area. Close to the Pedra da Ferida waterfall, Louçainha river pool, schist villages, Sicó mountains and the beautiful medieval town of Penela. Come and see for yourself. #ref: 54538
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Currency Exchange
Penela, Coimbra, 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 €125,000 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 |
|---|---|---|---|
| €125,000 | £102,988 | £107,431 | £4,444 |
| Property Price € | €125,000 |
| Minimum cost in the last six months | £102,988 |
| Maximum cost in the last six months | £107,431 |
| Fluctuating exchange rates over the last six months could have increased the cost of this property by | £4,444 |
Penela, Coimbra, 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 €125,000 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 |
|---|---|---|---|
| €125,000 | £102,988 | £107,431 | £4,444 |
| Property Price € | €125,000 |
| Minimum cost in the last six months | £102,988 |
| Maximum cost in the last six months | £107,431 |
| Fluctuating exchange rates over the last six months could have increased the cost of this property by | £4,444 |
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 £4,444 more.
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