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This property consists of a large plot of land with 14
Lagos, Algarve, Portugal, 8600-101
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REF: 353168
€1,600,000
Description
This property consists of a large plot of land with 14.400 m2 comprising 3 cottages with a communal pool, a vineyard and a warehouse.
The typical Portuguese countryside cottages enclose each a living and dining area, a an equipped kitchen with extra dining area, 2 bedrooms and a studio converted into a 3rd bedroom, one bathroom, a covered terrace, a patio with a garden and a carport! These cottages have a rural tourism license and are currently being used for holiday letting.
Alongside with the rural tourism, the mature and well maintained vineyard occupies more then 9.000 m2 and the grapes are used to produce an awarded Algarvian wine.
The property is very easy to access being close to Espiche and Praia da Luz, yet just 5 minutes away from Lagos and all amenities.
Viewings are essential to fully appreciate all features.
This property consists of a large plot of land with 14.400 m2 comprising 3 cottages with a communal pool, a vineyard and a warehouse.
The typical Portuguese countryside cottages enclose each a living and dining area, a an equipped kitchen with extra dining area, 2 bedrooms and a studio converted into a 3rd bedroom, one bathroom, a covered terrace, a patio with a garden and a carport! These cottages have a rural tourism license and are currently being used for holiday letting.
Alongside with the rural tourism, the mature and well maintained vineyard occupies more then 9.000 m2 and the grapes are used to produce an awarded Algarvian wine.
The property is very easy to access being close to Espiche and Praia da Luz, yet just 5 minutes away from Lagos and all amenities.
Viewings are essential to fully appreciate all features.
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Property on Map
Currency Exchange
Lagos, Algarve, Portugal, 8600-101
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 €1,600,000 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 |
|---|---|---|---|
| €1,600,000 | £1,325,296 | £1,375,120 | £49,824 |
| Property Price € | €1,600,000 |
| Minimum cost in the last six months | £1,325,296 |
| Maximum cost in the last six months | £1,375,120 |
| Fluctuating exchange rates over the last six months could have increased the cost of this property by | £49,824 |
Lagos, Algarve, Portugal, 8600-101
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 €1,600,000 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 |
|---|---|---|---|
| €1,600,000 | £1,325,296 | £1,375,120 | £49,824 |
| Property Price € | €1,600,000 |
| Minimum cost in the last six months | £1,325,296 |
| Maximum cost in the last six months | £1,375,120 |
| Fluctuating exchange rates over the last six months could have increased the cost of this property by | £49,824 |
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 £49,824 more.
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