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Excellent opportunity to buy a 1+1 bedroom ground floor flat in the highly sought-after centre of downtown Olhão
Olhão, Faro, Portugal
REF: 801200
€200,000
Description
Excellent opportunity to buy a 1+1 bedroom ground floor flat in the highly sought-after centre of downtown Olhão. This flat is just 50 metres from the road that runs along Olhão's Marginal, where there are countless restaurants, cafés, gardens and the centenary Municipal Markets, where you can find the best fish, seafood and freshest vegetables available. At the entrance, the flat has a patio where you can, for example, grill food and enjoy some leisure time with friends and family. On entering the flat, you'll find the kitchen on the right, with a natural stone worktop, an aluminium window that lets in the light and a storage area for groceries. Opposite is the dining or living room, equipped with an old fireplace which, for example, could be replaced by a wood burning stove to provide a cosy setting on cold winter evenings. The property is equipped with two reasonably sized bedrooms, both with built-in wardrobes. The bathroom is equipped with a bathtub and in need of a refurbishment. The flat is in need of a little maintenance such as painting, renovation of the kitchen cupboards, renovation of the bathroom and you're left with a high-value property in the highly sought-after Baixa de Olhão. It's a perfect home for your holidays, to rent out, or even to live in annually, as Olhão is one of the most sought-after cities in the Algarve. This flat, with a slight refresh, is a perfect fusion of past and present, offering a contemporary lifestyle in a charming setting. Take advantage of this unique chance to own a flat that's more than a home - it's an experience. iad is a network of independent property consultants based on a fully innovative model that breaks with the traditional concept of a real estate agency. What are 21st century clients looking for when they decide to buy, rent or sell a property? They are looking for a complete, uncomplicated and competitive service. That's what we offer at iad. Our consultants come to meet you, with access to the latest training in the sector and a platform of exclusive tools that allow them to provide you with the best service wherever you are. #ref: 114249
Excellent opportunity to buy a 1+1 bedroom ground floor flat in the highly sought-after centre of downtown Olhão. This flat is just 50 metres from the road that runs along Olhão's Marginal, where there are countless restaurants, cafés, gardens and the centenary Municipal Markets, where you can find the best fish, seafood and freshest vegetables available. At the entrance, the flat has a patio where you can, for example, grill food and enjoy some leisure time with friends and family. On entering the flat, you'll find the kitchen on the right, with a natural stone worktop, an aluminium window that lets in the light and a storage area for groceries. Opposite is the dining or living room, equipped with an old fireplace which, for example, could be replaced by a wood burning stove to provide a cosy setting on cold winter evenings. The property is equipped with two reasonably sized bedrooms, both with built-in wardrobes. The bathroom is equipped with a bathtub and in need of a refurbishment. The flat is in need of a little maintenance such as painting, renovation of the kitchen cupboards, renovation of the bathroom and you're left with a high-value property in the highly sought-after Baixa de Olhão. It's a perfect home for your holidays, to rent out, or even to live in annually, as Olhão is one of the most sought-after cities in the Algarve. This flat, with a slight refresh, is a perfect fusion of past and present, offering a contemporary lifestyle in a charming setting. Take advantage of this unique chance to own a flat that's more than a home - it's an experience. iad is a network of independent property consultants based on a fully innovative model that breaks with the traditional concept of a real estate agency. What are 21st century clients looking for when they decide to buy, rent or sell a property? They are looking for a complete, uncomplicated and competitive service. That's what we offer at iad. Our consultants come to meet you, with access to the latest training in the sector and a platform of exclusive tools that allow them to provide you with the best service wherever you are. #ref: 114249
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Currency Exchange
Olhão, 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 €200,000 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 |
|---|---|---|---|
| €200,000 | £167,864 | £172,512 | £4,648 |
| Property Price € | €200,000 |
| Minimum cost in the last six months | £167,864 |
| Maximum cost in the last six months | £172,512 |
| Fluctuating exchange rates over the last six months could have increased the cost of this property by | £4,648 |
Olhão, 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 €200,000 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 |
|---|---|---|---|
| €200,000 | £167,864 | £172,512 | £4,648 |
| Property Price € | €200,000 |
| Minimum cost in the last six months | £167,864 |
| Maximum cost in the last six months | £172,512 |
| Fluctuating exchange rates over the last six months could have increased the cost of this property by | £4,648 |
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 £4,648 more.
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