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Two semi-detached houses with independent entrances type T3 and T4, located in the cozy and quiet area of Quebrada, Arco de São Jorge, 300m from the ocean in the northern part of the island of Madeira
Santana, Ilha da Madeira, Portugal
REF: 799406
€235,000
Description
Two semi-detached houses with independent entrances type T3 and T4, located in the cozy and quiet area of Quebrada, Arco de São Jorge, 300m from the ocean in the northern part of the island of Madeira. The T3 house has two floors and a small plot of land for gardening. In the courtyard there is covered parking for 2-3 cars. On the first floor there is a spacious kitchen, living room, wine-making room, wine cellar, pantry and bathroom. On the ground floor there is an entrance hall, 3 bedrooms with direct or side sea views, 1 bathroom with a window and a balcony with views of the sea and the surrounding area. The property has grapes, passion fruit, tropical plants and the possibility of growing vegetables in the garden. The 4-bedroom house has a living room, dining room, large kitchen with access to a covered patio with barbecue, 2 bedrooms with sea views and 1 small bedroom with access to the terrace with sea views, 1 bathroom and a large terrace. In the basement there are 3 rooms that could be converted into a garage and workshop or used as storage space. There is also a plot of land with a vineyard. The houses are in need of repair and renovation. These two houses are a good opportunity for a permanent residence for a large family of 2 generations or to use for holiday rentals. The village has a grocery store, several cafés and restaurants, health center, pharmacy. Public transport within walking distance. The sea is a 5-minute walk away. Contact us and book your visit. #ref: 112655
Two semi-detached houses with independent entrances type T3 and T4, located in the cozy and quiet area of Quebrada, Arco de São Jorge, 300m from the ocean in the northern part of the island of Madeira. The T3 house has two floors and a small plot of land for gardening. In the courtyard there is covered parking for 2-3 cars. On the first floor there is a spacious kitchen, living room, wine-making room, wine cellar, pantry and bathroom. On the ground floor there is an entrance hall, 3 bedrooms with direct or side sea views, 1 bathroom with a window and a balcony with views of the sea and the surrounding area. The property has grapes, passion fruit, tropical plants and the possibility of growing vegetables in the garden. The 4-bedroom house has a living room, dining room, large kitchen with access to a covered patio with barbecue, 2 bedrooms with sea views and 1 small bedroom with access to the terrace with sea views, 1 bathroom and a large terrace. In the basement there are 3 rooms that could be converted into a garage and workshop or used as storage space. There is also a plot of land with a vineyard. The houses are in need of repair and renovation. These two houses are a good opportunity for a permanent residence for a large family of 2 generations or to use for holiday rentals. The village has a grocery store, several cafés and restaurants, health center, pharmacy. Public transport within walking distance. The sea is a 5-minute walk away. Contact us and book your visit. #ref: 112655
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Currency Exchange
Santana, Ilha da Madeira, 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 €235,000 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 |
|---|---|---|---|
| €235,000 | £194,653 | £201,971 | £7,318 |
| Property Price € | €235,000 |
| Minimum cost in the last six months | £194,653 |
| Maximum cost in the last six months | £201,971 |
| Fluctuating exchange rates over the last six months could have increased the cost of this property by | £7,318 |
Santana, Ilha da Madeira, 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 €235,000 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 |
|---|---|---|---|
| €235,000 | £194,653 | £201,971 | £7,318 |
| Property Price € | €235,000 |
| Minimum cost in the last six months | £194,653 |
| Maximum cost in the last six months | £201,971 |
| Fluctuating exchange rates over the last six months could have increased the cost of this property by | £7,318 |
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 £7,318 more.
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