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Investment Villa Quarteira
Loulé, Faro, Portugal, 8125-018
REF: 792911
€700,000
Description
This property is an excellent opportunity for you if you are looking for an investment opportunity and renovation work. This property has a lot of space to create a truly lovely home. The villa is currently being renovated.
Therefore the owner offers 2 kinds of deals:
- 700.000, - for the Villa as it is.
- 850.000, - for a finished property (with your choice of materials within budget)
Whether you are looking to renovate yourself or, looking for an interesting real estate opportunity, in both cases this property offer everything you need. From loads of space inside, to terraces outside towards the swimming pool with a possibility for cascading water features. along gated driveway, you find a stair that goes up to the first floor terrace on the south side, which extends towards a barbecue area and the rooftop terrace.
The current project is aiming to segment the house in multiple apartments. The plans are for 3 T0's 1 T1 and a T3.
However, it would be very ease to turn it into one big house for you and your family.
A diamond in the rough for real estate investors.
Book a viewing with us soon, as there is already lot of interest.
And we hope to see you there soon!
This property is an excellent opportunity for you if you are looking for an investment opportunity and renovation work. This property has a lot of space to create a truly lovely home. The villa is currently being renovated.
Therefore the owner offers 2 kinds of deals:
- 700.000, - for the Villa as it is.
- 850.000, - for a finished property (with your choice of materials within budget)
Whether you are looking to renovate yourself or, looking for an interesting real estate opportunity, in both cases this property offer everything you need. From loads of space inside, to terraces outside towards the swimming pool with a possibility for cascading water features. along gated driveway, you find a stair that goes up to the first floor terrace on the south side, which extends towards a barbecue area and the rooftop terrace.
The current project is aiming to segment the house in multiple apartments. The plans are for 3 T0's 1 T1 and a T3.
However, it would be very ease to turn it into one big house for you and your family.
A diamond in the rough for real estate investors.
Book a viewing with us soon, as there is already lot of interest.
And we hope to see you there soon!
Read More
Property on Map
Currency Exchange
Loulé, Faro, Portugal, 8125-018
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 €700,000 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 |
|---|---|---|---|
| €700,000 | £579,817 | £601,615 | £21,798 |
| Property Price € | €700,000 |
| Minimum cost in the last six months | £579,817 |
| Maximum cost in the last six months | £601,615 |
| Fluctuating exchange rates over the last six months could have increased the cost of this property by | £21,798 |
Loulé, Faro, Portugal, 8125-018
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 €700,000 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 |
|---|---|---|---|
| €700,000 | £579,817 | £601,615 | £21,798 |
| Property Price € | €700,000 |
| Minimum cost in the last six months | £579,817 |
| Maximum cost in the last six months | £601,615 |
| Fluctuating exchange rates over the last six months could have increased the cost of this property by | £21,798 |
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 £21,798 more.
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