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OLD HOUSE IN THE VILLAGE OF ALCANTARILHA
Silves, Faro, Portugal, 8365-021
REF: 772900
€395,000
Description
The house stands at one of the entrances to Alcantarilha, imposing and eye-catching, with an ancient design that takes us back in time. It was here that the owners of carts and mules came to get horseshoes and wheels.Nowadays we have a partially restored house on the 1st floor and a warehouse in need of work on the ground floor.The house offers potential for a wide range of uses: for living and for creating an autonomous work area, whether for artists, artisans, producers, etc.At the roof top we can appreciate a unique view over the town and surroundings, where typical Algarve roofs and chimneys predominate.The 1st floor of the house (203m2) consists of:Common courtyardTerrace3 Bedrooms2 Rooms2 Kitchens2 WCThe ground floor (163m2) consists of:Living roomStorage Warehouse2 Garages The centrality in the region and the proximity to the main routes (EN125 and Via do Infante) make this investment even more appealing. To live or invest, your dream home in the Algarve is just around the corner!Shall we schedule a visit?Call me: +351 963 391 202 or send an email to: laura.lopes@kwportugal.pt-------------------------------------------------------------------------------------------------------------------------------------------------------------------------Did you know that at KW Flash Algarve: We Support the Financing Process? We internally have a Credit Intermediary Authorized by the Bank of Portugal. Ask me for more information on this matter and I will be happy to forward the process to the CI team.We share 50% of the business with all real estate consultants and agencies with an AMI license - because our clients' interests always come first.This property is in Exclusive so that I can provide an excellent service to my Owner Customer. If you are a professional and have a qualified client, shall we share?
The house stands at one of the entrances to Alcantarilha, imposing and eye-catching, with an ancient design that takes us back in time. It was here that the owners of carts and mules came to get horseshoes and wheels.Nowadays we have a partially restored house on the 1st floor and a warehouse in need of work on the ground floor.The house offers potential for a wide range of uses: for living and for creating an autonomous work area, whether for artists, artisans, producers, etc.At the roof top we can appreciate a unique view over the town and surroundings, where typical Algarve roofs and chimneys predominate.The 1st floor of the house (203m2) consists of:Common courtyardTerrace3 Bedrooms2 Rooms2 Kitchens2 WCThe ground floor (163m2) consists of:Living roomStorage Warehouse2 Garages The centrality in the region and the proximity to the main routes (EN125 and Via do Infante) make this investment even more appealing. To live or invest, your dream home in the Algarve is just around the corner!Shall we schedule a visit?Call me: +351 963 391 202 or send an email to: laura.lopes@kwportugal.pt-------------------------------------------------------------------------------------------------------------------------------------------------------------------------Did you know that at KW Flash Algarve: We Support the Financing Process? We internally have a Credit Intermediary Authorized by the Bank of Portugal. Ask me for more information on this matter and I will be happy to forward the process to the CI team.We share 50% of the business with all real estate consultants and agencies with an AMI license - because our clients' interests always come first.This property is in Exclusive so that I can provide an excellent service to my Owner Customer. If you are a professional and have a qualified client, shall we share?
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Currency Exchange
Silves, Faro, Portugal, 8365-021
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 €395,000 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 |
|---|---|---|---|
| €395,000 | £327,182 | £339,483 | £12,300 |
| Property Price € | €395,000 |
| Minimum cost in the last six months | £327,182 |
| Maximum cost in the last six months | £339,483 |
| Fluctuating exchange rates over the last six months could have increased the cost of this property by | £12,300 |
Silves, Faro, Portugal, 8365-021
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 €395,000 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 |
|---|---|---|---|
| €395,000 | £327,182 | £339,483 | £12,300 |
| Property Price € | €395,000 |
| Minimum cost in the last six months | £327,182 |
| Maximum cost in the last six months | £339,483 |
| Fluctuating exchange rates over the last six months could have increased the cost of this property by | £12,300 |
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 £12,300 more.
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