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Large single storey traditional villa in a convenient and peaceful location
Albufeira, Faro, Portugal, 8200-566
REF: 727806
€595,000
Description
A spacious V2+2 bungalow presented in it€™s original style, located in a small residential hamlet a short drive to Albufeira and all shopping and leisure amenities. Lovely pool, deck and mature garden. Generous lounge, dining terrace, separate kitchen and four bedrooms. A really lovely single storey home in a peaceful residential hamlet a short drive to Albufeira, golf courses, the popular marina and the famous shops at the Algarve shopping centre. Traditionally designed and well constructed, this villa is now in need of cosmetic modernisation, but with a generous layout and lovely outdoor spaces, the property offers a blank canvas for new owners on which to place their own design. Externally, the house is surrounded on three sides by paved terraces, a swimming pool with deck and mature gardens with indigenous shrubs and trees. There€™s also a gated driveway with access to a garage. Inside, the property offers scope and space for renovation with four (2+2) bedrooms. Integrated wardrobes are in three bedrooms and there€™s two full bathrooms plus a further powder room all on one level. At the heart of the home is a lovely living / dining room with high ceilings and a feature wood burning fireplace. This bright and spacious room opens onto an equally spacious marble paved and fully covered dining terrace with ornamental balustrades overlooking the pool and garden. There€™s a separate kitchen with a full range of wall and base units, storage room, back door to terrace and garden and plenty of space for a breakfast table. This is a great property for buyers looking to create their own unique Algarve property for permanent residency or as a family second home.
A spacious V2+2 bungalow presented in it€™s original style, located in a small residential hamlet a short drive to Albufeira and all shopping and leisure amenities. Lovely pool, deck and mature garden. Generous lounge, dining terrace, separate kitchen and four bedrooms. A really lovely single storey home in a peaceful residential hamlet a short drive to Albufeira, golf courses, the popular marina and the famous shops at the Algarve shopping centre. Traditionally designed and well constructed, this villa is now in need of cosmetic modernisation, but with a generous layout and lovely outdoor spaces, the property offers a blank canvas for new owners on which to place their own design. Externally, the house is surrounded on three sides by paved terraces, a swimming pool with deck and mature gardens with indigenous shrubs and trees. There€™s also a gated driveway with access to a garage. Inside, the property offers scope and space for renovation with four (2+2) bedrooms. Integrated wardrobes are in three bedrooms and there€™s two full bathrooms plus a further powder room all on one level. At the heart of the home is a lovely living / dining room with high ceilings and a feature wood burning fireplace. This bright and spacious room opens onto an equally spacious marble paved and fully covered dining terrace with ornamental balustrades overlooking the pool and garden. There€™s a separate kitchen with a full range of wall and base units, storage room, back door to terrace and garden and plenty of space for a breakfast table. This is a great property for buyers looking to create their own unique Algarve property for permanent residency or as a family second home.
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Currency Exchange
Albufeira, Faro, Portugal, 8200-566
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 €595,000 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 |
|---|---|---|---|
| €595,000 | £490,221 | £511,373 | £21,152 |
| Property Price € | €595,000 |
| Minimum cost in the last six months | £490,221 |
| Maximum cost in the last six months | £511,373 |
| Fluctuating exchange rates over the last six months could have increased the cost of this property by | £21,152 |
Albufeira, Faro, Portugal, 8200-566
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 €595,000 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 |
|---|---|---|---|
| €595,000 | £490,221 | £511,373 | £21,152 |
| Property Price € | €595,000 |
| Minimum cost in the last six months | £490,221 |
| Maximum cost in the last six months | £511,373 |
| Fluctuating exchange rates over the last six months could have increased the cost of this property by | £21,152 |
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 £21,152 more.
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