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Calheta (Madeira), Ilha da Madeira, Portugal
REF: 760119
€275,000
Description
Mr. Investor, are you looking for a new investment, a property to start your local accommodation project? This is a unique opportunity! Located in Arco da Calheta, this property is in a residential area, very quiet and approximately 600m above sea level. It is located 5 minutes from a school, 5 minutes by car from supermarkets, bars, cafés, bakeries and a few minutes from the pharmacy, health center, gym, sports pavilion, 10 minutes from the beach and marina of Calheta, 40 minutes from Funchal and 50 minutes from Madeira Airport. This is a 5-bedroom villa with 1 complete apartment and an independent 1-bedroom apartment in the attic. Composed of 5 bedrooms, 4 bathrooms, 1 kitchen, living room, pantry, stores. The property has good sun exposure, terraces, where you can build a fantastic swimming pool or simply sunbathe or have a barbecue with your family and friends, as well as fabulous sea views, views of the town and unforgettable sunsets. It also has covered parking for two cars and gardens, This property is ideal for those looking for an investment property or to start a local accommodation project. You could live on one floor and rent out the one-bedroom apartment and monetize the apartment for an annual income. Does this property sound interesting? Contact me today and schedule your visit. Specific features - House or villa - 168 m² gross area, 138 m² useful - T6 - 5 bathrooms - 168 m² plot - Second hand/good condition Energy certificate o Energy class: E #ref: 109239
Mr. Investor, are you looking for a new investment, a property to start your local accommodation project? This is a unique opportunity! Located in Arco da Calheta, this property is in a residential area, very quiet and approximately 600m above sea level. It is located 5 minutes from a school, 5 minutes by car from supermarkets, bars, cafés, bakeries and a few minutes from the pharmacy, health center, gym, sports pavilion, 10 minutes from the beach and marina of Calheta, 40 minutes from Funchal and 50 minutes from Madeira Airport. This is a 5-bedroom villa with 1 complete apartment and an independent 1-bedroom apartment in the attic. Composed of 5 bedrooms, 4 bathrooms, 1 kitchen, living room, pantry, stores. The property has good sun exposure, terraces, where you can build a fantastic swimming pool or simply sunbathe or have a barbecue with your family and friends, as well as fabulous sea views, views of the town and unforgettable sunsets. It also has covered parking for two cars and gardens, This property is ideal for those looking for an investment property or to start a local accommodation project. You could live on one floor and rent out the one-bedroom apartment and monetize the apartment for an annual income. Does this property sound interesting? Contact me today and schedule your visit. Specific features - House or villa - 168 m² gross area, 138 m² useful - T6 - 5 bathrooms - 168 m² plot - Second hand/good condition Energy certificate o Energy class: E #ref: 109239
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Currency Exchange
Calheta (Madeira), Ilha da Madeira, 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 €275,000 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 |
|---|---|---|---|
| €275,000 | £228,704 | £236,671 | £7,967 |
| Property Price € | €275,000 |
| Minimum cost in the last six months | £228,704 |
| Maximum cost in the last six months | £236,671 |
| Fluctuating exchange rates over the last six months could have increased the cost of this property by | £7,967 |
Calheta (Madeira), Ilha da Madeira, 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 €275,000 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 |
|---|---|---|---|
| €275,000 | £228,704 | £236,671 | £7,967 |
| Property Price € | €275,000 |
| Minimum cost in the last six months | £228,704 |
| Maximum cost in the last six months | £236,671 |
| Fluctuating exchange rates over the last six months could have increased the cost of this property by | £7,967 |
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 £7,967 more.
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