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This renovated, eco-efficient, rustic-style villa consists of an old stone farmhouse and has three bedrooms in Alferce, Algarve
Monchique, Portugal
REF: 754886
€490,000
Description
This renovated, eco-efficient, rustic-style villa consists of an old stone farmhouse and has three bedrooms in Alferce, Algarve. The house is ecologically efficient as the roof is well insulated and has good ventilation, the walls are 60 cm thick, and there is no need for air conditioning. This villa is spread over two floors and on the first floor we have a large living and dining room in open space with a fully equipped kitchen that gives us access to the covered terrace, with barbecue area and outdoor dining where we can enjoy a breathtaking view over the mountains. On this same floor we also have two bedrooms, one of them en suite and two bathrooms. On the second floor we find the third bedroom with independent exit to the garden. Outside this property we have access to an extensive garden with more than 50 fruit trees, perfect for sustainable and ecological cultivation, we also have a garage with capacity for two cars and another three in the outdoor parking lot. The property also has a ruin for reconstruction, which with some investment could double the habitable surface of the house. Located in the quiet area of Alferce, a short distance from Monchique and 50 minutes from Faro International Airport. CHARACTERISTICS:Plot Area: 23 340 m2 | 251 230 sq ftArea: 169 m2 | 1 816 sq ftBuilding Area: 169 m2 | 1 816 sq ftBedrooms: 3Bathrooms: 3Garage: 5Energy efficiency: AFEATURES:Three bedrooms Fully equipped kitchen Covered terrace Barbecue Garage with capacity for two cars Ruin for reconstruction Garden Internationally awarded, LUXIMOS Christie's presents more than 1,200 properties for sale in Portugal, offering an excellent service in real estate brokerage. LUXIMOS Christie's is the exclusive affiliate of Christie s International Real Estate (1350 offices in 46 countries) for the Algarve, Porto and North of Portugal, and provides its services to homeowners who are selling their properties, and to national and international buyers, who wish to buy real estate in Portugal. Our selection includes modern and contemporary properties, near the sea or by theriver, in Foz do Douro, in Porto, Boavista, Matosinhos, Vilamoura, Tavira, Ria Formosa, Lagos, Almancil, Vale do Lobo, Quinta do Lago, near the golf courses or the marina. LIc AMI 9063
This renovated, eco-efficient, rustic-style villa consists of an old stone farmhouse and has three bedrooms in Alferce, Algarve. The house is ecologically efficient as the roof is well insulated and has good ventilation, the walls are 60 cm thick, and there is no need for air conditioning. This villa is spread over two floors and on the first floor we have a large living and dining room in open space with a fully equipped kitchen that gives us access to the covered terrace, with barbecue area and outdoor dining where we can enjoy a breathtaking view over the mountains. On this same floor we also have two bedrooms, one of them en suite and two bathrooms. On the second floor we find the third bedroom with independent exit to the garden. Outside this property we have access to an extensive garden with more than 50 fruit trees, perfect for sustainable and ecological cultivation, we also have a garage with capacity for two cars and another three in the outdoor parking lot. The property also has a ruin for reconstruction, which with some investment could double the habitable surface of the house. Located in the quiet area of Alferce, a short distance from Monchique and 50 minutes from Faro International Airport. CHARACTERISTICS:Plot Area: 23 340 m2 | 251 230 sq ftArea: 169 m2 | 1 816 sq ftBuilding Area: 169 m2 | 1 816 sq ftBedrooms: 3Bathrooms: 3Garage: 5Energy efficiency: AFEATURES:Three bedrooms Fully equipped kitchen Covered terrace Barbecue Garage with capacity for two cars Ruin for reconstruction Garden Internationally awarded, LUXIMOS Christie's presents more than 1,200 properties for sale in Portugal, offering an excellent service in real estate brokerage. LUXIMOS Christie's is the exclusive affiliate of Christie s International Real Estate (1350 offices in 46 countries) for the Algarve, Porto and North of Portugal, and provides its services to homeowners who are selling their properties, and to national and international buyers, who wish to buy real estate in Portugal. Our selection includes modern and contemporary properties, near the sea or by theriver, in Foz do Douro, in Porto, Boavista, Matosinhos, Vilamoura, Tavira, Ria Formosa, Lagos, Almancil, Vale do Lobo, Quinta do Lago, near the golf courses or the marina. LIc AMI 9063
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Currency Exchange
Monchique, 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 €490,000 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 |
|---|---|---|---|
| €490,000 | £405,872 | £421,131 | £15,259 |
| Property Price € | €490,000 |
| Minimum cost in the last six months | £405,872 |
| Maximum cost in the last six months | £421,131 |
| Fluctuating exchange rates over the last six months could have increased the cost of this property by | £15,259 |
Monchique, 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 €490,000 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 |
|---|---|---|---|
| €490,000 | £405,872 | £421,131 | £15,259 |
| Property Price € | €490,000 |
| Minimum cost in the last six months | £405,872 |
| Maximum cost in the last six months | £421,131 |
| Fluctuating exchange rates over the last six months could have increased the cost of this property by | £15,259 |
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 £15,259 more.
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