BUY OR BUILD THE HOUSE OF YOUR DREAMS! A luxury home builder is selling a fully customizable T4+1 detached house to be built on a lot of 660m2

Lagoa (Algarve), Faro, Portugal

For Sale

€1,250,000

REF: 606568 €1,250,000


4

201 m2

660 m2

Description

BUY OR BUILD THE HOUSE OF YOUR DREAMS! A luxury home builder is selling a fully customizable T4+1 detached house to be built on a lot of 660m2. The project will consist of a two story villa of approximately 201m2 with a very large basement, a garage and an infinity pool. The house will be very spacious and you will have the possibility to add in the basement a second living room, a game room and/or additional guest rooms.

The project is located in a very peaceful residential neighborhood in Parchal, 5 minutes drive from Ferragudo and 10 minutes to Portimão. Ferragudo is a charming and traditional fishing village which is known for its whitewashed cottages and romantic chapel perched high above the sea. Ferragudo has a delightful harbor and a broad selection of outstanding restaurants.

Portimão is the second largest city in the Algarve. It is well known for its excellent sandy beaches, its vibrant nightlife and it has all the services that a large city has to offer (e.g. shops, cinemas, gym, restaurants, hospitals, pharmacies, schools or local food markets). Whether you prefer to enjoy a quiet or vibrant lifestyle, you will be able to enjoy the best of both worlds from your new home.

Since Parchal is close to the Atlantic, you can travel by boat to many destinations such as the famous Benagil cave, up the Arade river to the castle town of Silves or the Arvad winery. There are several beautiful beaches within 7 minutes reach, such as Praia Grande or Praia dos Caneiros, as well as many restaurants that will satisfy all palates and budgets including fine dining options, trendy beach clubs and Michelin star restaurants.

For nature lovers who like to hike and bike, there are many cliffside paths that take you to secluded coves backed by limestone cliffs. From Parchal, you are also close to the N125 which makes it very convenient to travel across the Algarve: Carvoeiro in less than 15 minutes,Lagos in less than 30 and Faro airport is only 50 minutes away.

The property will be equipped with all features that a luxury home typically has, such as electrical shutters, air-conditioning units integrated in the false ceiling, underfloor heating in all rooms including bathrooms, central vacuum system, solar panels for hot water, automatic gates and/or irrigation system for the garden.

The property will be built with high quality materials with a design similar to the property showcased in the video and photos. The project is at a very early stage and can be fully customized to meet a buyer’s requirements. Depending on what the buyer’s will want, it will take 16 to 20 months to build and deliver the property.

If you do not want to wait, there is also the possibility of purchasing the property shown in the photos and video for EUR 1,550,000. For more information, please feel free to contact me via email at [email protected] or whatsapp +351 912 222 159. #ref: 82464
BUY OR BUILD THE HOUSE OF YOUR DREAMS! A luxury home builder is selling a fully customizable T4+1 detached house to be built on a lot of 660m2. The project will consist of a two story villa of approximately 201m2 with a very large basement, a garage and an infinity pool. The house will be very spacious and you will have the possibility to add in the basement a second living room, a game room and/or additional guest rooms.

The project is located in a very peaceful residential neighborhood in Parchal, 5 minutes drive from Ferragudo and 10 minutes to Portimão. Ferragudo is a charming and traditional fishing village which is known for its whitewashed cottages and romantic chapel perched high above the sea. Ferragudo has a delightful harbor and a broad selection of outstanding restaurants.

Portimão is the second largest city in the Algarve. It is well known for its excellent sandy beaches, its vibrant nightlife and it has all the services that a large city has to offer (e.g. shops, cinemas, gym, restaurants, hospitals, pharmacies, schools or local food markets). Whether you prefer to enjoy a quiet or vibrant lifestyle, you will be able to enjoy the best of both worlds from your new home.

Since Parchal is close to the Atlantic, you can travel by boat to many destinations such as the famous Benagil cave, up the Arade river to the castle town of Silves or the Arvad winery. There are several beautiful beaches within 7 minutes reach, such as Praia Grande or Praia dos Caneiros, as well as many restaurants that will satisfy all palates and budgets including fine dining options, trendy beach clubs and Michelin star restaurants.

For nature lovers who like to hike and bike, there are many cliffside paths that take you to secluded coves backed by limestone cliffs. From Parchal, you are also close to the N125 which makes it very convenient to travel across the Algarve: Carvoeiro in less than 15 minutes,Lagos in less than 30 and Faro airport is only 50 minutes away.

The property will be equipped with all features that a luxury home typically has, such as electrical shutters, air-conditioning units integrated in the false ceiling, underfloor heating in all rooms including bathrooms, central vacuum system, solar panels for hot water, automatic gates and/or irrigation system for the garden.

The property will be built with high quality materials with a design similar to the property showcased in the video and photos. The project is at a very early stage and can be fully customized to meet a buyer’s requirements. Depending on what the buyer’s will want, it will take 16 to 20 months to build and deliver the property.

If you do not want to wait, there is also the possibility of purchasing the property shown in the photos and video for EUR 1,550,000. For more information, please feel free to contact me via email at [email protected] or whatsapp +351 912 222 159. #ref: 82464
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Property on Map

#82464

Currency Exchange

Lagoa (Algarve), Faro, 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 €1,250,000 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
€1,250,000 £1,035,388 £1,074,313 £38,925
Property Price € €1,250,000
Minimum cost in the last six months £1,035,388
Maximum cost in the last six months £1,074,313
Fluctuating exchange rates over the last six months could have increased the cost of this property by £38,925

Lagoa (Algarve), Faro, 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 €1,250,000 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
€1,250,000 £1,035,388 £1,074,313 £38,925
Property Price € €1,250,000
Minimum cost in the last six months £1,035,388
Maximum cost in the last six months £1,074,313
Fluctuating exchange rates over the last six months could have increased the cost of this property by £38,925

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 £38,925 more.

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