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An excellent investment property! This property consists of two separate units, which maximizes your rental potential
Portimão, Faro, Portugal
REF: 713577
€320,000
Description
An excellent investment property! This property consists of two separate units, which maximizes your rental potential. And with an AL (Alojamento Local) license easily obtainable, you can enjoy rental income throughout the entire year. This charming property is located in the heart of the beautiful fishing village of Alvor. Conveniently located with all the amenities at your fingertips yet tucked away on a peaceful cul-de-sac. A 2-minute walk to the riverside and the main Alvor strip with all of its restaurants, shops and markets. Newly renovated with Italian Marmorino plaster on all the walls and Portuguese tiles throughout, give this house extraordinary style and warmth. The house is divided into two separate units. The main house has 1 bedroom, 2 full bathrooms, kitchen, living room, outdoor terrace, plus a fabulous rooftop terrace with river, ocean, and mountain views. The independent studio unit, with full kitchen and bathroom, is located on the ground floor which is accessed from the other side of the street, making this property ideal for dual rental or live and rent situation. Additional bonus features: *Private outdoor parking directly in front of the main entrance of the house. *AC units in all rooms *Brand new boiler *All windows double-paned in both units *Purchase will include a brand-new exterior paint job. *Majority of furniture included in sale. Call to schedule a visit today! #ref: 99477
An excellent investment property! This property consists of two separate units, which maximizes your rental potential. And with an AL (Alojamento Local) license easily obtainable, you can enjoy rental income throughout the entire year. This charming property is located in the heart of the beautiful fishing village of Alvor. Conveniently located with all the amenities at your fingertips yet tucked away on a peaceful cul-de-sac. A 2-minute walk to the riverside and the main Alvor strip with all of its restaurants, shops and markets. Newly renovated with Italian Marmorino plaster on all the walls and Portuguese tiles throughout, give this house extraordinary style and warmth. The house is divided into two separate units. The main house has 1 bedroom, 2 full bathrooms, kitchen, living room, outdoor terrace, plus a fabulous rooftop terrace with river, ocean, and mountain views. The independent studio unit, with full kitchen and bathroom, is located on the ground floor which is accessed from the other side of the street, making this property ideal for dual rental or live and rent situation. Additional bonus features: *Private outdoor parking directly in front of the main entrance of the house. *AC units in all rooms *Brand new boiler *All windows double-paned in both units *Purchase will include a brand-new exterior paint job. *Majority of furniture included in sale. Call to schedule a visit today! #ref: 99477
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Currency Exchange
Portimão, 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 €320,000 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 |
|---|---|---|---|
| €320,000 | £265,059 | £275,024 | £9,965 |
| Property Price € | €320,000 |
| Minimum cost in the last six months | £265,059 |
| Maximum cost in the last six months | £275,024 |
| Fluctuating exchange rates over the last six months could have increased the cost of this property by | £9,965 |
Portimão, 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 €320,000 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 |
|---|---|---|---|
| €320,000 | £265,059 | £275,024 | £9,965 |
| Property Price € | €320,000 |
| Minimum cost in the last six months | £265,059 |
| Maximum cost in the last six months | £275,024 |
| Fluctuating exchange rates over the last six months could have increased the cost of this property by | £9,965 |
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 £9,965 more.
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