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Traditional fully renovated house in Faro!
Faro, Faro, Portugal, 8005-496
REF: 505013
€250,000
Description
A renovation project approved and in completion converting an old warehouse into a turn-key townhouse. Set in a semi-rural location that offers stunning sea and mountain views. It's located within easy access to all the amenities of Estoi, Faro, and Sao Bras de Alportel Currently under construction - This renovated property will offer a modern semi-detached townhouse complete with quality design and finishings.
Planned to make the most use of the space, the property offers 1 bedroom with an additional area on a mezzanine both with built-in wardrobes, that could accommodate another sleeping area or office space. 1 bathroom, an open plan kitchen, and living area.
The balcony on the first floor offers spectacular views out across the countryside to the sea.
Located close to Estoi, just a 5-minute drive away, it sits just outside the village of Bordeira. This means this property offers a semi-rural feel, set within a quiet location, whilst being easily connected to all the amenities that Sao Bras de Alportel or Faro offer both within a 10-minute drive, with Faro International airport being reached in under 15 minutes.
This property offers great potential for someone looking for a lock up and leave property, enabling them to travel Europe freely, or as an investment for anyone looking to rent out their property to holidaymakers on sites like Airbnb. Whether it's a permanent or home away from home, this property offers it all!
A renovation project approved and in completion converting an old warehouse into a turn-key townhouse. Set in a semi-rural location that offers stunning sea and mountain views. It's located within easy access to all the amenities of Estoi, Faro, and Sao Bras de Alportel Currently under construction - This renovated property will offer a modern semi-detached townhouse complete with quality design and finishings.
Planned to make the most use of the space, the property offers 1 bedroom with an additional area on a mezzanine both with built-in wardrobes, that could accommodate another sleeping area or office space. 1 bathroom, an open plan kitchen, and living area.
The balcony on the first floor offers spectacular views out across the countryside to the sea.
Located close to Estoi, just a 5-minute drive away, it sits just outside the village of Bordeira. This means this property offers a semi-rural feel, set within a quiet location, whilst being easily connected to all the amenities that Sao Bras de Alportel or Faro offer both within a 10-minute drive, with Faro International airport being reached in under 15 minutes.
This property offers great potential for someone looking for a lock up and leave property, enabling them to travel Europe freely, or as an investment for anyone looking to rent out their property to holidaymakers on sites like Airbnb. Whether it's a permanent or home away from home, this property offers it all!
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Currency Exchange
Faro, Faro, Portugal, 8005-496
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 €250,000 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 |
|---|---|---|---|
| €250,000 | £207,078 | £214,863 | £7,785 |
| Property Price € | €250,000 |
| Minimum cost in the last six months | £207,078 |
| Maximum cost in the last six months | £214,863 |
| Fluctuating exchange rates over the last six months could have increased the cost of this property by | £7,785 |
Faro, Faro, Portugal, 8005-496
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 €250,000 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 |
|---|---|---|---|
| €250,000 | £207,078 | £214,863 | £7,785 |
| Property Price € | €250,000 |
| Minimum cost in the last six months | £207,078 |
| Maximum cost in the last six months | £214,863 |
| Fluctuating exchange rates over the last six months could have increased the cost of this property by | £7,785 |
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 £7,785 more.
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