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Incredible business opportunity! Magnificent traditional house excellent for investment or for two-family use
Portimão, Faro, Portugal
REF: 762200
€375,000
Description
Incredible business opportunity! Magnificent traditional house excellent for investment or for two-family use. Located in a very quiet area, close to all basic daily services, a few steps from the Arade River and the Portimão Museum and a short distance from the Portimão Marina and the popular Praia da Rocha. The house consists of two floors. On the ground floor there are: Main bedroom equipped with air conditioning, service bathroom, kitchen with additional support in an adjacent area, a large room where you will find the dining room and living room and a patio where you can enjoy delicious meals outdoors on days of Sun. Climbing the impressive marble staircase with a rustic finish we reach the first floor where we find: 4 bedrooms, 1 built-in wardrobe, 1 storage room, 1 bathroom with shower cabin and a magnificent terrace where you will have space to place a swimming pool and take advantage of the hot summer days to cool off and where it is possible to create an excellent area leisure area with terrace chairs and preparing a pleasant barbeque. This house has a special feature: Given its privileged location, this is an excellent option both for private housing, for holidays and/or to make a profit as you can build a staircase from the outside to access the first floor. Imagine being able to choose and benefit from two floors of housing, where you can have independent access. Don't miss this business opportunity and book your visit now! #ref: 109674
Incredible business opportunity! Magnificent traditional house excellent for investment or for two-family use. Located in a very quiet area, close to all basic daily services, a few steps from the Arade River and the Portimão Museum and a short distance from the Portimão Marina and the popular Praia da Rocha. The house consists of two floors. On the ground floor there are: Main bedroom equipped with air conditioning, service bathroom, kitchen with additional support in an adjacent area, a large room where you will find the dining room and living room and a patio where you can enjoy delicious meals outdoors on days of Sun. Climbing the impressive marble staircase with a rustic finish we reach the first floor where we find: 4 bedrooms, 1 built-in wardrobe, 1 storage room, 1 bathroom with shower cabin and a magnificent terrace where you will have space to place a swimming pool and take advantage of the hot summer days to cool off and where it is possible to create an excellent area leisure area with terrace chairs and preparing a pleasant barbeque. This house has a special feature: Given its privileged location, this is an excellent option both for private housing, for holidays and/or to make a profit as you can build a staircase from the outside to access the first floor. Imagine being able to choose and benefit from two floors of housing, where you can have independent access. Don't miss this business opportunity and book your visit now! #ref: 109674
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Currency Exchange
Portimão, 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 €375,000 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 |
|---|---|---|---|
| €375,000 | £310,616 | £322,493 | £11,876 |
| Property Price € | €375,000 |
| Minimum cost in the last six months | £310,616 |
| Maximum cost in the last six months | £322,493 |
| Fluctuating exchange rates over the last six months could have increased the cost of this property by | £11,876 |
Portimão, 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 €375,000 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 |
|---|---|---|---|
| €375,000 | £310,616 | £322,493 | £11,876 |
| Property Price € | €375,000 |
| Minimum cost in the last six months | £310,616 |
| Maximum cost in the last six months | £322,493 |
| Fluctuating exchange rates over the last six months could have increased the cost of this property by | £11,876 |
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 £11,876 more.
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