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Project for Reconstruction and Development of a 3 Bedroom House
Faro, Faro, Portugal, 8005-414
REF: 615384
€180,000
Description
This ruin offers a plot of 3408sqm located in Estoi with spectacular views over Sao Bras de Alportel. The existing ruin measures 88sqm however a previous project was submitted and approved for a 3 bedroom house measuring up to 200sqm in size
Set on the hillside in Estoi with breathtaking countryside views looking over the town of Sao Bras de Alportael.
This plot with ruin offers 3804sqm metres of land, plus an existing ruin of 88sqm.
It comes complete with a previously approved project allowing for the repositioning of the property and a total building area of up to 200sqm with up to 2 floors.
The original plans offer 3 ensuite bedrooms with access to terraces, an open-plan living and dining room and a large separate kitchen with a pool in the garden and covered parking for 2 cars. Along with the reconstruction of the original ruin.
The plot is located just 10 minutes from the centre of Sao Bras de Alportel, and within 20 minutes from Faro airport. It offers spectacular views in a countryside setting whilst being within easy reach of all amenities
This ruin offers a plot of 3408sqm located in Estoi with spectacular views over Sao Bras de Alportel. The existing ruin measures 88sqm however a previous project was submitted and approved for a 3 bedroom house measuring up to 200sqm in size
Set on the hillside in Estoi with breathtaking countryside views looking over the town of Sao Bras de Alportael.
This plot with ruin offers 3804sqm metres of land, plus an existing ruin of 88sqm.
It comes complete with a previously approved project allowing for the repositioning of the property and a total building area of up to 200sqm with up to 2 floors.
The original plans offer 3 ensuite bedrooms with access to terraces, an open-plan living and dining room and a large separate kitchen with a pool in the garden and covered parking for 2 cars. Along with the reconstruction of the original ruin.
The plot is located just 10 minutes from the centre of Sao Bras de Alportel, and within 20 minutes from Faro airport. It offers spectacular views in a countryside setting whilst being within easy reach of all amenities
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Property on Map
Currency Exchange
Faro, Faro, Portugal, 8005-414
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 €180,000 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 |
|---|---|---|---|
| €180,000 | £149,096 | £154,701 | £5,605 |
| Property Price € | €180,000 |
| Minimum cost in the last six months | £149,096 |
| Maximum cost in the last six months | £154,701 |
| Fluctuating exchange rates over the last six months could have increased the cost of this property by | £5,605 |
Faro, Faro, Portugal, 8005-414
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 €180,000 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 |
|---|---|---|---|
| €180,000 | £149,096 | £154,701 | £5,605 |
| Property Price € | €180,000 |
| Minimum cost in the last six months | £149,096 |
| Maximum cost in the last six months | £154,701 |
| Fluctuating exchange rates over the last six months could have increased the cost of this property by | £5,605 |
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 £5,605 more.
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