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HOUSE of great charisma, located in the central area of the city of Portimão, on one of the streets covered with TRADITIONAL PORTUGUESE pavement
Portimão, Faro, Portugal
REF: 794032
€440,000
Description
HOUSE of great charisma, located in the central area of the city of Portimão, on one of the streets covered with TRADITIONAL PORTUGUESE pavement. This property is a perfect investment to MAKE PROFIT as AL (local accommodation) or annual rental. IT IS COMPOSED by 4 floors, 1 independent T2 apartment per floor, with the last one having a terrace and access to the roof of the house with views of the entire city around it. R/ GROUND - living room - 2 bedrooms - WC with bathtub - equipped kitchen - interior backyard 1 ° FLOOR - large living room with 2 windows - 2 bedrooms with balcony - hallway with wardrobe - Renovated bathroom with shower tray - equipped kitchen 2ND FLOOR - living room/bar - 2 bedrooms, one with a small closet - WC with bathtub 3rd FLOOR - Open Space kitchen with large terrace, offering you a great quality of life and privacy in this excellent space, facing west. - access to the roof terrace of the entire area of the house. * house in perfect condition, ready for full use. * all plumbing was recently changed, as well as windows and doors changed to double-glazed frames/tilt-and-turn opening system. * butane gas system (cylinders outside), with each kitchen having an independent water heater. The place is served by public transport. A few meters away there is underground parking that offers special conditions for residents. The area has shops, services, a garden in front of the O TEMPO theater and a variety of restaurants, both typical and international. IMI value €387/year No condominium fees Choose HAPPINESS! Invest in this city! iad emerged in France in 2008, expanded to Portugal in 2015, then to Spain, Italy, Germany, Mexico, UK and USA. The iad business model allows us to help you carry out your real estate project in any country, promoting a relationship of proximity, professionalism and trust, providing a more competitive service when buying, renting or selling a property. #ref: 112942
HOUSE of great charisma, located in the central area of the city of Portimão, on one of the streets covered with TRADITIONAL PORTUGUESE pavement. This property is a perfect investment to MAKE PROFIT as AL (local accommodation) or annual rental. IT IS COMPOSED by 4 floors, 1 independent T2 apartment per floor, with the last one having a terrace and access to the roof of the house with views of the entire city around it. R/ GROUND - living room - 2 bedrooms - WC with bathtub - equipped kitchen - interior backyard 1 ° FLOOR - large living room with 2 windows - 2 bedrooms with balcony - hallway with wardrobe - Renovated bathroom with shower tray - equipped kitchen 2ND FLOOR - living room/bar - 2 bedrooms, one with a small closet - WC with bathtub 3rd FLOOR - Open Space kitchen with large terrace, offering you a great quality of life and privacy in this excellent space, facing west. - access to the roof terrace of the entire area of the house. * house in perfect condition, ready for full use. * all plumbing was recently changed, as well as windows and doors changed to double-glazed frames/tilt-and-turn opening system. * butane gas system (cylinders outside), with each kitchen having an independent water heater. The place is served by public transport. A few meters away there is underground parking that offers special conditions for residents. The area has shops, services, a garden in front of the O TEMPO theater and a variety of restaurants, both typical and international. IMI value €387/year No condominium fees Choose HAPPINESS! Invest in this city! iad emerged in France in 2008, expanded to Portugal in 2015, then to Spain, Italy, Germany, Mexico, UK and USA. The iad business model allows us to help you carry out your real estate project in any country, promoting a relationship of proximity, professionalism and trust, providing a more competitive service when buying, renting or selling a property. #ref: 112942
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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 €440,000 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 |
|---|---|---|---|
| €440,000 | £362,516 | £378,158 | £15,642 |
| Property Price € | €440,000 |
| Minimum cost in the last six months | £362,516 |
| Maximum cost in the last six months | £378,158 |
| Fluctuating exchange rates over the last six months could have increased the cost of this property by | £15,642 |
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 €440,000 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 |
|---|---|---|---|
| €440,000 | £362,516 | £378,158 | £15,642 |
| Property Price € | €440,000 |
| Minimum cost in the last six months | £362,516 |
| Maximum cost in the last six months | £378,158 |
| Fluctuating exchange rates over the last six months could have increased the cost of this property by | £15,642 |
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 £15,642 more.
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