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This 102,150 m2 (10
Olhão, Faro, Portugal
REF: 753207
€2,200,000
Description
This 102,150 m2 (10.215 hectare) property in Quelfes (Olhão) comprises an unfinished 7-bedroom semi-detached house, a ruin, three warehouses and a vast orange grove. The orange grove is made up of oranges of the Lane Late variety with an annual volume of 400 tonnes. 8 hectares were planted in 2010 and around 2 hectares in 2022. The three warehouses are two of normal construction and one is made of sheet metal (Hangar). It has a borehole, a filtration system, automatic cleaning filters and solar panels, and the irrigation system is drip irrigation. The electrical system is entirely supplied by self-consumption panels. The main 7-bedroom villa (light yellow in colour), which is yet to be finished, has two floors. The lower floor has 3 bedrooms, two of which are en suite, an open-plan kitchen with a fireplace, a bathroom and a utility room. The upper floor has 4 bedrooms, three of which are en suite. It should be noted that one of the bedrooms on the upper floor is a master bedroom with a huge walk-in wardrobe, a generously sized bathroom with a window and a balcony with magnificent views across the property. Other features of the villa include - Pre-installation for air conditioning - Pre-installation for central vacuum - Sewerage with sceptic tank - Waterproofed floors - Preparation for a fireplace in two rooms. And a tank outside. This property is located in a quiet and easily accessible area, 10 minutes from Olhão and the A22 motorway, 15 minutes from Faro and 20 minutes from Faro Airport. For more information or to book a viewing, please don't hesitate to contact us. #ref: 101549
This 102,150 m2 (10.215 hectare) property in Quelfes (Olhão) comprises an unfinished 7-bedroom semi-detached house, a ruin, three warehouses and a vast orange grove. The orange grove is made up of oranges of the Lane Late variety with an annual volume of 400 tonnes. 8 hectares were planted in 2010 and around 2 hectares in 2022. The three warehouses are two of normal construction and one is made of sheet metal (Hangar). It has a borehole, a filtration system, automatic cleaning filters and solar panels, and the irrigation system is drip irrigation. The electrical system is entirely supplied by self-consumption panels. The main 7-bedroom villa (light yellow in colour), which is yet to be finished, has two floors. The lower floor has 3 bedrooms, two of which are en suite, an open-plan kitchen with a fireplace, a bathroom and a utility room. The upper floor has 4 bedrooms, three of which are en suite. It should be noted that one of the bedrooms on the upper floor is a master bedroom with a huge walk-in wardrobe, a generously sized bathroom with a window and a balcony with magnificent views across the property. Other features of the villa include - Pre-installation for air conditioning - Pre-installation for central vacuum - Sewerage with sceptic tank - Waterproofed floors - Preparation for a fireplace in two rooms. And a tank outside. This property is located in a quiet and easily accessible area, 10 minutes from Olhão and the A22 motorway, 15 minutes from Faro and 20 minutes from Faro Airport. For more information or to book a viewing, please don't hesitate to contact us. #ref: 101549
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Currency Exchange
Olhão, 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 €2,200,000 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 |
|---|---|---|---|
| €2,200,000 | £1,822,282 | £1,890,790 | £68,508 |
| Property Price € | €2,200,000 |
| Minimum cost in the last six months | £1,822,282 |
| Maximum cost in the last six months | £1,890,790 |
| Fluctuating exchange rates over the last six months could have increased the cost of this property by | £68,508 |
Olhão, 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 €2,200,000 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 |
|---|---|---|---|
| €2,200,000 | £1,822,282 | £1,890,790 | £68,508 |
| Property Price € | €2,200,000 |
| Minimum cost in the last six months | £1,822,282 |
| Maximum cost in the last six months | £1,890,790 |
| Fluctuating exchange rates over the last six months could have increased the cost of this property by | £68,508 |
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 £68,508 more.
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