Unique Opportunity: Sea View Land on Pico Island Welcome to an extraordinary investment opportunity on the stunning Pico Island! This magnificent plot, with a generous area of 2172 square meters, is a true gem offering a spectacular ocean view

Madalena, Ilha do Pico, Portugal

For Sale

€80,000

REF: 778997 €80,000


2172 m2

2172 m2

Description

Unique Opportunity: Sea View Land on Pico Island Welcome to an extraordinary investment opportunity on the stunning Pico Island! This magnificent plot, with a generous area of 2172 square meters, is a true gem offering a spectacular ocean view. Classified as urban space in the Municipal Master Plan, this land has a building capacity of 40%, totaling an impressive 868 square meters of gross construction area.

Potential for Profitable Investment: The prime location of this plot not only makes it ideal for building your dream home but also presents an opportunity for a lucrative investment. The urban space classification allows for urban development, turning this plot into a venture that can generate significant returns.

Imagine creating a stunning residential space, fully capitalizing on the spectacular surroundings. Ready for Construction or Subdivision: If you choose not to subdivide, know that this plot already has earthworks completed, providing an immediate starting point for building your dream home. The basic infrastructure is in place, allowing you to focus on the details that will make your property unique and special.

Proximity to São Mateus: Located just 1 minute from the center of the picturesque parish of São Mateus, this plot offers convenience and easy access to a variety of services. Grocery stores, cafes, and other establishments are within reach, making daily life simple and enjoyable. São Mateus is known for its rich culture, vibrant philharmonics, enchanting folklore, and engaging theater group.

This parish is more than a locality; it is a place that leaves a lasting mark on all who live there and on future residents. Proximity to Major Centers: The strategic location of this plot is not limited to proximity to São Mateus alone. Only 15 minutes from the center of the village of Madalena, where you will find the passenger port, public services, health center, and the fascinating Wine Museum.

Additionally, 25 minutes from the airport, ensuring convenient accessibility to other regions. A 20-minute drive to the whaling village of Lajes do Pico, this plot offers a unique geographical location that combines tranquility with easy access to essential amenities. Conclusion: This plot on Pico Island is more than just a property; it is a unique investment opportunity in a location of unparalleled beauty.

Whether for building your dream home, creating a lucrative development, or simply securing a piece of paradise, this plot is the ideal choice. Don't miss the chance to be part of this breathtaking scenery and make this plot the starting point for an extraordinary life on Pico Island. For more information or to schedule a visit, please contact us. This is the moment to turn your dreams into reality on Pico Island. #ref: 110174
Unique Opportunity: Sea View Land on Pico Island Welcome to an extraordinary investment opportunity on the stunning Pico Island! This magnificent plot, with a generous area of 2172 square meters, is a true gem offering a spectacular ocean view. Classified as urban space in the Municipal Master Plan, this land has a building capacity of 40%, totaling an impressive 868 square meters of gross construction area.

Potential for Profitable Investment: The prime location of this plot not only makes it ideal for building your dream home but also presents an opportunity for a lucrative investment. The urban space classification allows for urban development, turning this plot into a venture that can generate significant returns.

Imagine creating a stunning residential space, fully capitalizing on the spectacular surroundings. Ready for Construction or Subdivision: If you choose not to subdivide, know that this plot already has earthworks completed, providing an immediate starting point for building your dream home. The basic infrastructure is in place, allowing you to focus on the details that will make your property unique and special.

Proximity to São Mateus: Located just 1 minute from the center of the picturesque parish of São Mateus, this plot offers convenience and easy access to a variety of services. Grocery stores, cafes, and other establishments are within reach, making daily life simple and enjoyable. São Mateus is known for its rich culture, vibrant philharmonics, enchanting folklore, and engaging theater group.

This parish is more than a locality; it is a place that leaves a lasting mark on all who live there and on future residents. Proximity to Major Centers: The strategic location of this plot is not limited to proximity to São Mateus alone. Only 15 minutes from the center of the village of Madalena, where you will find the passenger port, public services, health center, and the fascinating Wine Museum.

Additionally, 25 minutes from the airport, ensuring convenient accessibility to other regions. A 20-minute drive to the whaling village of Lajes do Pico, this plot offers a unique geographical location that combines tranquility with easy access to essential amenities. Conclusion: This plot on Pico Island is more than just a property; it is a unique investment opportunity in a location of unparalleled beauty.

Whether for building your dream home, creating a lucrative development, or simply securing a piece of paradise, this plot is the ideal choice. Don't miss the chance to be part of this breathtaking scenery and make this plot the starting point for an extraordinary life on Pico Island. For more information or to schedule a visit, please contact us. This is the moment to turn your dreams into reality on Pico Island. #ref: 110174
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Property on Map

#110174

Currency Exchange

Madalena, Ilha do Pico, 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

Madalena, Ilha do Pico, 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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