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Rustic and Urban Building - Renovate/Rebuild
Santa Cruz, Ilha da Madeira, Portugal, 9125-018
REF: 489773
€550,000
Description
Land in excellent location, overlooking Caniço !
This villa, located in the town of Caniço, on the island of Madeira, is a unique investment opportunity. With two floors and set in a generous plot of 5030 m2, this property has great potential to be recovered and transformed into your dream home. Its convenient location next to the road makes it easy to access all the amenities in the area. With a spacious plot, this property offers numerous possibilities to expand and create a welcoming and peaceful environment.
It is a mixed building with good construction, good location, easy access, close to various services such as supermarkets, cafes, restaurants, and other services.
Don't miss the opportunity to purchase this villa to recover and make it the perfect getaway on the stunning island of Madeira.
SN Real Estate, your real estate agency.
Land in excellent location, overlooking Caniço !
This villa, located in the town of Caniço, on the island of Madeira, is a unique investment opportunity. With two floors and set in a generous plot of 5030 m2, this property has great potential to be recovered and transformed into your dream home. Its convenient location next to the road makes it easy to access all the amenities in the area. With a spacious plot, this property offers numerous possibilities to expand and create a welcoming and peaceful environment.
It is a mixed building with good construction, good location, easy access, close to various services such as supermarkets, cafes, restaurants, and other services.
Don't miss the opportunity to purchase this villa to recover and make it the perfect getaway on the stunning island of Madeira.
SN Real Estate, your real estate agency.
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Property on Map
Currency Exchange
Santa Cruz, Ilha da Madeira, Portugal, 9125-018
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 €550,000 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 |
|---|---|---|---|
| €550,000 | £455,571 | £472,698 | £17,127 |
| Property Price € | €550,000 |
| Minimum cost in the last six months | £455,571 |
| Maximum cost in the last six months | £472,698 |
| Fluctuating exchange rates over the last six months could have increased the cost of this property by | £17,127 |
Santa Cruz, Ilha da Madeira, Portugal, 9125-018
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 €550,000 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 |
|---|---|---|---|
| €550,000 | £455,571 | £472,698 | £17,127 |
| Property Price € | €550,000 |
| Minimum cost in the last six months | £455,571 |
| Maximum cost in the last six months | £472,698 |
| Fluctuating exchange rates over the last six months could have increased the cost of this property by | £17,127 |
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 £17,127 more.
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