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PORTUGAL - ALGARVE - VILA DO BISPO OPPORTUNITY ! BIG PRICE REDUCTION, URGENT SALE ! This rustic townhouse possesses a unique charm that sets it apart
Vila do Bispo, Faro, Portugal
REF: 753220
€260,000
Description
PORTUGAL - ALGARVE - VILA DO BISPO OPPORTUNITY ! BIG PRICE REDUCTION, URGENT SALE ! This rustic townhouse possesses a unique charm that sets it apart. If you're in search of a versatile space, between beach and forest, this could be your opportunity. Situated in the picturesque village of Barão de São Miguel, just 10 minutes from the stunning coastal beaches, this property features a studio on the ground floor and a 3 bedroom duplex spread across the first and second floors, each with independent entrances. The studio boasts a spacious living area with a kitchenette, a sleeping area, a full bathroom with a bathtub, and a storage space. It's equipped with air conditioning. Although livable, this studio awaits a renovation that will reveal its full potential, providing a cozy and welcoming space. On the first floor, you'll find a spacious duplex with an open-plan living room and kitchen, a pantry, a bathroom with a shower, and a bedroom. The second floor offers a living room, two connected bedrooms, a bathroom with a shower, a mezzanine, and a southeast-facing balcony that provides light and beautiful views of the countryside. Each room is equipped with air conditioning. The property has undergone significant renovations, including wall insulation, painting, and double-glazed windows on the first floor. Now, it only awaits finishing and your personal touch. Total gross construction area : 150 m² Explore the potential of this space and create a house that truly reflects your lifestyle. Contact us to schedule your visit! The reliability of IAD in Portugal, as a subsidiary of an international group with operations in France, Spain, Italy, Germany, Mexico, and the United States, ensures you a high-quality service and a wide range of services to realize your project. #ref: 107841
PORTUGAL - ALGARVE - VILA DO BISPO OPPORTUNITY ! BIG PRICE REDUCTION, URGENT SALE ! This rustic townhouse possesses a unique charm that sets it apart. If you're in search of a versatile space, between beach and forest, this could be your opportunity. Situated in the picturesque village of Barão de São Miguel, just 10 minutes from the stunning coastal beaches, this property features a studio on the ground floor and a 3 bedroom duplex spread across the first and second floors, each with independent entrances. The studio boasts a spacious living area with a kitchenette, a sleeping area, a full bathroom with a bathtub, and a storage space. It's equipped with air conditioning. Although livable, this studio awaits a renovation that will reveal its full potential, providing a cozy and welcoming space. On the first floor, you'll find a spacious duplex with an open-plan living room and kitchen, a pantry, a bathroom with a shower, and a bedroom. The second floor offers a living room, two connected bedrooms, a bathroom with a shower, a mezzanine, and a southeast-facing balcony that provides light and beautiful views of the countryside. Each room is equipped with air conditioning. The property has undergone significant renovations, including wall insulation, painting, and double-glazed windows on the first floor. Now, it only awaits finishing and your personal touch. Total gross construction area : 150 m² Explore the potential of this space and create a house that truly reflects your lifestyle. Contact us to schedule your visit! The reliability of IAD in Portugal, as a subsidiary of an international group with operations in France, Spain, Italy, Germany, Mexico, and the United States, ensures you a high-quality service and a wide range of services to realize your project. #ref: 107841
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Currency Exchange
Vila do Bispo, 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 €260,000 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 |
|---|---|---|---|
| €260,000 | £215,361 | £223,457 | £8,096 |
| Property Price € | €260,000 |
| Minimum cost in the last six months | £215,361 |
| Maximum cost in the last six months | £223,457 |
| Fluctuating exchange rates over the last six months could have increased the cost of this property by | £8,096 |
Vila do Bispo, 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 €260,000 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 |
|---|---|---|---|
| €260,000 | £215,361 | £223,457 | £8,096 |
| Property Price € | €260,000 |
| Minimum cost in the last six months | £215,361 |
| Maximum cost in the last six months | £223,457 |
| Fluctuating exchange rates over the last six months could have increased the cost of this property by | £8,096 |
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 £8,096 more.
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