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QUARTEIRA - 3 BED VILLA / TOWNHOUSE
Loulé, Algarve, Portugal
REF: 645663
€480,000
Description
Large townhouse ideally located in the center of the town With a central location in the beautiful town of Quarteira this charming townhouse is a real investment opportunity !
It is divided over two floors and features an open top terrace and three very spacious bedrooms as well as a self contained one bedroom apartment with it's own independent entrance that can used as a revenue regenerating rental .
With colourful classic Portugese tiles throughout, the property has huge potential for renovation and options to use as a permanent home, holiday let or an investment project, but as it was originally used as a restaurant and it retains its food licence it can also be reconverted into a restaurant, snack bar!
Quarteira has always been a secret love of the Portuguese whilst its more flamboyant neighbors of Vilamoura to the west and the utopian dream of Vale do Lobo and Quinta Do Lago to the East obtain the headlines, its own transformation from a large sleepy fishing village in the 60 s into the go to place for international visitors 50 years later is obvious
Its initial popularity derived from its long famous flat beach and promenade, its local traditional restaurants and the most popular gypsy market in Southern Portugal still held every Wednesday. Originally featured on the beach and adjoining the daily fresh fish market the town would be inundated with visitors looking for bargains and bacalhau, Shoes and sardines!
Now moved into the central area the market is still hugely popular providing people the opportunity to dine in local style at some amazing places and prices. In recent times the onus has moved from a one-day visit to an extended stay to people holidaying and subsequently buying property in the town
It has quick access to the airport, it s extremely amiable to move around due to its flat geographically level and with the beach bars and the biggest aqua park in Portugal its easy to understand its attraction.
Complement this with a number of golf course, water sports and traditional local festas throughout the year its know wonder people come and stay!
Large townhouse ideally located in the center of the town With a central location in the beautiful town of Quarteira this charming townhouse is a real investment opportunity !
It is divided over two floors and features an open top terrace and three very spacious bedrooms as well as a self contained one bedroom apartment with it's own independent entrance that can used as a revenue regenerating rental .
With colourful classic Portugese tiles throughout, the property has huge potential for renovation and options to use as a permanent home, holiday let or an investment project, but as it was originally used as a restaurant and it retains its food licence it can also be reconverted into a restaurant, snack bar!
Quarteira has always been a secret love of the Portuguese whilst its more flamboyant neighbors of Vilamoura to the west and the utopian dream of Vale do Lobo and Quinta Do Lago to the East obtain the headlines, its own transformation from a large sleepy fishing village in the 60 s into the go to place for international visitors 50 years later is obvious
Its initial popularity derived from its long famous flat beach and promenade, its local traditional restaurants and the most popular gypsy market in Southern Portugal still held every Wednesday. Originally featured on the beach and adjoining the daily fresh fish market the town would be inundated with visitors looking for bargains and bacalhau, Shoes and sardines!
Now moved into the central area the market is still hugely popular providing people the opportunity to dine in local style at some amazing places and prices. In recent times the onus has moved from a one-day visit to an extended stay to people holidaying and subsequently buying property in the town
It has quick access to the airport, it s extremely amiable to move around due to its flat geographically level and with the beach bars and the biggest aqua park in Portugal its easy to understand its attraction.
Complement this with a number of golf course, water sports and traditional local festas throughout the year its know wonder people come and stay!
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Currency Exchange
Loulé, Algarve, 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 €480,000 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 |
|---|---|---|---|
| €480,000 | £397,589 | £412,536 | £14,947 |
| Property Price € | €480,000 |
| Minimum cost in the last six months | £397,589 |
| Maximum cost in the last six months | £412,536 |
| Fluctuating exchange rates over the last six months could have increased the cost of this property by | £14,947 |
Loulé, Algarve, 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 €480,000 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 |
|---|---|---|---|
| €480,000 | £397,589 | £412,536 | £14,947 |
| Property Price € | €480,000 |
| Minimum cost in the last six months | £397,589 |
| Maximum cost in the last six months | £412,536 |
| Fluctuating exchange rates over the last six months could have increased the cost of this property by | £14,947 |
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 £14,947 more.
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