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An excellent plot of land with 5802 m2, with an approved project and a licence in force for a tourist project or a 4-bedroom detached house, characterised by a very specific architecture and integrated into a forest environment
Penela, Coimbra, Portugal
REF: 762611
€80,000
Description
An excellent plot of land with 5802 m2, with an approved project and a licence in force for a tourist project or a 4-bedroom detached house, characterised by a very specific architecture and integrated into a forest environment. This villa will be made up of six hexagonal volumes in the likeness of honeycombs, a characteristic product of this municipality. This plot is located on a hillside with pine trees, heather, a beautiful cork oak forest "leaning" over the river Dueça, with views over the mountains and just a few minutes from the town of Penela, four minutes from the motorway, two hours from Lisbon, an hour and a half from Porto and 20 minutes from Coimbra. The existing project, which has been approved and licensed, can still be altered. It's an excellent option, as it excels in originality and functionality and is centred on the theme of honey, alluding to the region's small beekeepers. The buildings have a hexagonal shape similar to a honeycomb and the colours of the cork to be used on the outside are also allusive to this theme. A complex made up of four independent bungalows, with views of the mountains and river, plenty of refinement, en suite rooms with lots of natural light, make this a very pleasant and cosy place. These bungalows will sit on a fixed base surrounded by greenery and perfectly integrated into the natural environment. The rest of the land will have natural leisure areas, picnic parks and areas for children to play. The great advantage of this property is that it has actually been approved and licensed for construction and is just waiting for the project to begin. Come and see it. #ref: 109436
An excellent plot of land with 5802 m2, with an approved project and a licence in force for a tourist project or a 4-bedroom detached house, characterised by a very specific architecture and integrated into a forest environment. This villa will be made up of six hexagonal volumes in the likeness of honeycombs, a characteristic product of this municipality. This plot is located on a hillside with pine trees, heather, a beautiful cork oak forest "leaning" over the river Dueça, with views over the mountains and just a few minutes from the town of Penela, four minutes from the motorway, two hours from Lisbon, an hour and a half from Porto and 20 minutes from Coimbra. The existing project, which has been approved and licensed, can still be altered. It's an excellent option, as it excels in originality and functionality and is centred on the theme of honey, alluding to the region's small beekeepers. The buildings have a hexagonal shape similar to a honeycomb and the colours of the cork to be used on the outside are also allusive to this theme. A complex made up of four independent bungalows, with views of the mountains and river, plenty of refinement, en suite rooms with lots of natural light, make this a very pleasant and cosy place. These bungalows will sit on a fixed base surrounded by greenery and perfectly integrated into the natural environment. The rest of the land will have natural leisure areas, picnic parks and areas for children to play. The great advantage of this property is that it has actually been approved and licensed for construction and is just waiting for the project to begin. Come and see it. #ref: 109436
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Currency Exchange
Penela, Coimbra, 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 €80,000 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 |
|---|---|---|---|
| €80,000 | £66,265 | £68,756 | £2,491 |
| Property Price € | €80,000 |
| Minimum cost in the last six months | £66,265 |
| Maximum cost in the last six months | £68,756 |
| Fluctuating exchange rates over the last six months could have increased the cost of this property by | £2,491 |
Penela, Coimbra, 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 €80,000 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 |
|---|---|---|---|
| €80,000 | £66,265 | £68,756 | £2,491 |
| Property Price € | €80,000 |
| Minimum cost in the last six months | £66,265 |
| Maximum cost in the last six months | £68,756 |
| Fluctuating exchange rates over the last six months could have increased the cost of this property by | £2,491 |
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 £2,491 more.
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