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2 Bedroom Villa for Sale in Olhão
Olhão, Faro, Portugal, 8700-071
REF: 751566
€1,250,000
Description
This two-bedroom villa with 9000m2 of agricultural land is for sale in Moncarapacho, Olhão, with direct views of the Ria Formosa. This two-bedroom villa with 9,000m2 of agricultural land is for sale in Moncarapacho, Olhão, with direct views of the Ria Formosa.
On the ground floor the property features an entrance lobby and a traditional style kitchen leading to a bright and airy living/dining room. The generously proportioned kitchen offers plenty of space for dining. There is access to a large terrace creating the perfect seating area to enjoy the country views.
This floor also features a conservatory which has the potential to be used as a laundry room and a guest bathroom. The conservatory leads to the back of the property which comprises a private parking space and access to a spacious, single garage with ample storage space. The garage has stairs leading to a further terrace with views of the Ria Formosa.
On the first floor the villa offers two bedrooms and a bathroom with a walk-in shower. The master bedroom benefits from sliding doors leading out onto a terrace.
The villa is ready to move into, however, it could benefit from a renovation, it boasts great potential making this a fantastic investment.
The property has a council permit to build 220m2 of the land area of 9,000m2. This space could be used to build a pool or to extend the annexed buildings adjacent to the building.
Due to the prime location of the land it has the potential to be used for various services such as a restaurant or bed and breakfast.
Located ten minutes from the picturesque Fuseta and within close proximity to the town of Olhão, everything that you need is in close proximity. Fuseta is surrounded by the Ria Formosa Natural Park, a magnificent sight to see, home to a variety of unique bird species, breath-taking lagoons and wildlife. Faro airport is also located just a short fifteen-minute drive from the property.
This two-bedroom villa with 9000m2 of agricultural land is for sale in Moncarapacho, Olhão, with direct views of the Ria Formosa. This two-bedroom villa with 9,000m2 of agricultural land is for sale in Moncarapacho, Olhão, with direct views of the Ria Formosa.
On the ground floor the property features an entrance lobby and a traditional style kitchen leading to a bright and airy living/dining room. The generously proportioned kitchen offers plenty of space for dining. There is access to a large terrace creating the perfect seating area to enjoy the country views.
This floor also features a conservatory which has the potential to be used as a laundry room and a guest bathroom. The conservatory leads to the back of the property which comprises a private parking space and access to a spacious, single garage with ample storage space. The garage has stairs leading to a further terrace with views of the Ria Formosa.
On the first floor the villa offers two bedrooms and a bathroom with a walk-in shower. The master bedroom benefits from sliding doors leading out onto a terrace.
The villa is ready to move into, however, it could benefit from a renovation, it boasts great potential making this a fantastic investment.
The property has a council permit to build 220m2 of the land area of 9,000m2. This space could be used to build a pool or to extend the annexed buildings adjacent to the building.
Due to the prime location of the land it has the potential to be used for various services such as a restaurant or bed and breakfast.
Located ten minutes from the picturesque Fuseta and within close proximity to the town of Olhão, everything that you need is in close proximity. Fuseta is surrounded by the Ria Formosa Natural Park, a magnificent sight to see, home to a variety of unique bird species, breath-taking lagoons and wildlife. Faro airport is also located just a short fifteen-minute drive from the property.
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Currency Exchange
Olhão, Faro, Portugal, 8700-071
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 €1,250,000 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 |
|---|---|---|---|
| €1,250,000 | £1,035,388 | £1,074,313 | £38,925 |
| Property Price € | €1,250,000 |
| Minimum cost in the last six months | £1,035,388 |
| Maximum cost in the last six months | £1,074,313 |
| Fluctuating exchange rates over the last six months could have increased the cost of this property by | £38,925 |
Olhão, Faro, Portugal, 8700-071
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 €1,250,000 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 |
|---|---|---|---|
| €1,250,000 | £1,035,388 | £1,074,313 | £38,925 |
| Property Price € | €1,250,000 |
| Minimum cost in the last six months | £1,035,388 |
| Maximum cost in the last six months | £1,074,313 |
| Fluctuating exchange rates over the last six months could have increased the cost of this property by | £38,925 |
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 £38,925 more.
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