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Charming 5-Bedroom villa with pool, garden and garage - Caldas de Monchique
Monchique, Faro, Portugal, 8550-232
REF: 533172
€1,195,000
Description
Promotional video of the property: https:// Video used to present the property: https:// Imagine yourself living in the Algarve, just at the foothills of Monchique mountain, enjoying a special microclimate that echoes the costal weather.Here, at Caldas de Monchique, you are just 25 minutes drive from the Atlantic Ocean and only 55 minutes away from Faro International Airport.This special property qualifies for the Golden Visa Scheme.A short walk from the property, there is the only thermal spa in the Algarve.The thermal springs of Caldas de Monchique were rated as the best drinking water of Portugal, which are a few meters away.Architecture and trees shelter the property, providing privacy on leisure areas, such as the pool and the mature sub-tropical terraced gardens. This property includes: 5-Bedroom house, with 3 floors (ground-floor, middle level and bottom floor), all bathed in sunlight, with pituresque details, and with exterior access. Main entrance in the ground floor, with 3 ensuite bedrooms, balcony, common bathroom, laundry room and lobby leading to a spectacular galleried area with stairwell leading to the living areas. At the middle level, we may find a open plan lounge with distinct areas:livingdinningentertainmentbarFrom the lounge you have access to a colonial style balcony which overlooks the pool and nature.At this level you also may find a bathroom and the main kitchen which is fully equipped, with large isle in the centre.Bottom floor is laid out as a self-sufficient living space, with 2 bedrooms, kitchen and bathroom, room for office/gym/living area and access to the pool.The house has been renovated since it was first built, which elevated the quality standards of construction and original design. Some of the changes include double glazed thermal windows, enclosed fireplace and a brand new swimming pool. Pool that was fully renovated this year with the best quality standards and materials, with 2 showers, lounge area, small ponds and access to the sub-tropical garden. Detached house (built in stone), used as at the moment as garage with 3 parking spaces. This outbuilding could potentially become an independent house; Sub-tropical terraced matured gardens with privacy. It is a versatile investment option that can be used as a permanent living space, vacation home or luxurious local housing.
Promotional video of the property: https:// Video used to present the property: https:// Imagine yourself living in the Algarve, just at the foothills of Monchique mountain, enjoying a special microclimate that echoes the costal weather.Here, at Caldas de Monchique, you are just 25 minutes drive from the Atlantic Ocean and only 55 minutes away from Faro International Airport.This special property qualifies for the Golden Visa Scheme.A short walk from the property, there is the only thermal spa in the Algarve.The thermal springs of Caldas de Monchique were rated as the best drinking water of Portugal, which are a few meters away.Architecture and trees shelter the property, providing privacy on leisure areas, such as the pool and the mature sub-tropical terraced gardens. This property includes: 5-Bedroom house, with 3 floors (ground-floor, middle level and bottom floor), all bathed in sunlight, with pituresque details, and with exterior access. Main entrance in the ground floor, with 3 ensuite bedrooms, balcony, common bathroom, laundry room and lobby leading to a spectacular galleried area with stairwell leading to the living areas. At the middle level, we may find a open plan lounge with distinct areas:livingdinningentertainmentbarFrom the lounge you have access to a colonial style balcony which overlooks the pool and nature.At this level you also may find a bathroom and the main kitchen which is fully equipped, with large isle in the centre.Bottom floor is laid out as a self-sufficient living space, with 2 bedrooms, kitchen and bathroom, room for office/gym/living area and access to the pool.The house has been renovated since it was first built, which elevated the quality standards of construction and original design. Some of the changes include double glazed thermal windows, enclosed fireplace and a brand new swimming pool. Pool that was fully renovated this year with the best quality standards and materials, with 2 showers, lounge area, small ponds and access to the sub-tropical garden. Detached house (built in stone), used as at the moment as garage with 3 parking spaces. This outbuilding could potentially become an independent house; Sub-tropical terraced matured gardens with privacy. It is a versatile investment option that can be used as a permanent living space, vacation home or luxurious local housing.
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Currency Exchange
Monchique, Faro, Portugal, 8550-232
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 €1,195,000 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 |
|---|---|---|---|
| €1,195,000 | £989,830 | £1,027,043 | £37,212 |
| Property Price € | €1,195,000 |
| Minimum cost in the last six months | £989,830 |
| Maximum cost in the last six months | £1,027,043 |
| Fluctuating exchange rates over the last six months could have increased the cost of this property by | £37,212 |
Monchique, Faro, Portugal, 8550-232
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 €1,195,000 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 |
|---|---|---|---|
| €1,195,000 | £989,830 | £1,027,043 | £37,212 |
| Property Price € | €1,195,000 |
| Minimum cost in the last six months | £989,830 |
| Maximum cost in the last six months | £1,027,043 |
| Fluctuating exchange rates over the last six months could have increased the cost of this property by | £37,212 |
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 £37,212 more.
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