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Farm with approved project for Agrotourism includes the construction of 5 single storey houses (2 V2 + 3 V1) plus the typical Algarvian stone house
Monchique, Faro, Portugal, 8550-240
REF: 733844
€220,000
Description
Do you want to build a Dream Refuge in Monchique?
We have the ideal solution for you!
.
This is a diamond in the rough waiting to be polished! This spacious and charming farmhouse, located in the quiet and picturesque town of Monchique, is a unique opportunity in the real estate market. With an approved project for the construction of 9 bedrooms, 6 bathrooms and a total area of 4560 square meters, this property has all the potential to become the home of your dreams.
Although it needs construction/refurbishment work, its vast grounds and stunning views of the surrounding countryside and mountains make it a true gem to be discovered. Enjoy al fresco dining on the private terrace, contemplating the surrounding nature and enjoying the peace and tranquility that this place provides.
Built in 1951, the farm retains its original charm and offers a refuge away from the hustle and bustle of the city. With a private access bridge, this property provides privacy and exclusivity, being the ideal setting to relax and enjoy the natural beauty of the Algarve.
With an F energy rating, this farmhouse is a real bargain for those looking for a large and versatile space in a calm and serene environment. Don't miss this unique opportunity and make this piece of paradise your new refuge in the south of Portugal!
The construction license is in the payment phase, the works can be carried out by the Palsul Group if you wish, for more information about the budget value and construction time, contact TM n 00351 939 459 791.
Do you want to build a Dream Refuge in Monchique?
We have the ideal solution for you!
.
This is a diamond in the rough waiting to be polished! This spacious and charming farmhouse, located in the quiet and picturesque town of Monchique, is a unique opportunity in the real estate market. With an approved project for the construction of 9 bedrooms, 6 bathrooms and a total area of 4560 square meters, this property has all the potential to become the home of your dreams.
Although it needs construction/refurbishment work, its vast grounds and stunning views of the surrounding countryside and mountains make it a true gem to be discovered. Enjoy al fresco dining on the private terrace, contemplating the surrounding nature and enjoying the peace and tranquility that this place provides.
Built in 1951, the farm retains its original charm and offers a refuge away from the hustle and bustle of the city. With a private access bridge, this property provides privacy and exclusivity, being the ideal setting to relax and enjoy the natural beauty of the Algarve.
With an F energy rating, this farmhouse is a real bargain for those looking for a large and versatile space in a calm and serene environment. Don't miss this unique opportunity and make this piece of paradise your new refuge in the south of Portugal!
The construction license is in the payment phase, the works can be carried out by the Palsul Group if you wish, for more information about the budget value and construction time, contact TM n 00351 939 459 791.
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Property on Map
Currency Exchange
Monchique, Faro, Portugal, 8550-240
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 €220,000 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 |
|---|---|---|---|
| €220,000 | £181,258 | £186,582 | £5,324 |
| Property Price € | €220,000 |
| Minimum cost in the last six months | £181,258 |
| Maximum cost in the last six months | £186,582 |
| Fluctuating exchange rates over the last six months could have increased the cost of this property by | £5,324 |
Monchique, Faro, Portugal, 8550-240
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 €220,000 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 |
|---|---|---|---|
| €220,000 | £181,258 | £186,582 | £5,324 |
| Property Price € | €220,000 |
| Minimum cost in the last six months | £181,258 |
| Maximum cost in the last six months | £186,582 |
| Fluctuating exchange rates over the last six months could have increased the cost of this property by | £5,324 |
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 £5,324 more.
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