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Unique loft-style home with gym, tennis court and private pool
Silves, Faro, Portugal
REF: 812841
€940,000
Description
This spacious, unique property offers a blend of luxury and functionality, including sleeping areas that could easily accommodate ten people. Formerly a health club, it enjoys a gym, tennis court and fabulous gardens with an attractive pool with views over the valley. This spacious, unique property offers a blend of luxury and functionality and was previously a health club. The original restaurant has been transformed into a stylish loft-style home, with an open-plan layout seamlessly blending seating, dining, and sleeping areas, which could easily accommodate ten people, radiating modern sophistication. The industrial kitchen has been reinvented into an ideal family kitchen. Featuring a gym, tennis court, and studio apartment, it is designed for ultimate relaxation and entertainment. The focal point is a beautiful pool that provides stunning views of the valley. Outside, the pool area beckons relaxation with its Bali-style seating and dining spots, creating a serene oasis. Take advantage of this exceptional opportunity to own a versatile property crafted for luxurious living and entertaining.
Algoz is a growing typical Portuguese village, a few kilometres from Silves and en-route to the Monchique Mountains. It has a good selection of traditional and affordable restaurants, most of which are owned and run by local families. In the village, you will also find all the facilities such as small shops, schools, a daily market, a bank and several supermarkets. Once a month there is the largest market in the centre of the Algarve, where you can find a huge selection of agricultural products from the region. The village is served by public transports, bus and train.
This spacious, unique property offers a blend of luxury and functionality, including sleeping areas that could easily accommodate ten people. Formerly a health club, it enjoys a gym, tennis court and fabulous gardens with an attractive pool with views over the valley. This spacious, unique property offers a blend of luxury and functionality and was previously a health club. The original restaurant has been transformed into a stylish loft-style home, with an open-plan layout seamlessly blending seating, dining, and sleeping areas, which could easily accommodate ten people, radiating modern sophistication. The industrial kitchen has been reinvented into an ideal family kitchen. Featuring a gym, tennis court, and studio apartment, it is designed for ultimate relaxation and entertainment. The focal point is a beautiful pool that provides stunning views of the valley. Outside, the pool area beckons relaxation with its Bali-style seating and dining spots, creating a serene oasis. Take advantage of this exceptional opportunity to own a versatile property crafted for luxurious living and entertaining.
Algoz is a growing typical Portuguese village, a few kilometres from Silves and en-route to the Monchique Mountains. It has a good selection of traditional and affordable restaurants, most of which are owned and run by local families. In the village, you will also find all the facilities such as small shops, schools, a daily market, a bank and several supermarkets. Once a month there is the largest market in the centre of the Algarve, where you can find a huge selection of agricultural products from the region. The village is served by public transports, bus and train.
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Currency Exchange
Silves, 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 €940,000 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 |
|---|---|---|---|
| €940,000 | £774,466 | £807,883 | £33,417 |
| Property Price € | €940,000 |
| Minimum cost in the last six months | £774,466 |
| Maximum cost in the last six months | £807,883 |
| Fluctuating exchange rates over the last six months could have increased the cost of this property by | £33,417 |
Silves, 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 €940,000 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 |
|---|---|---|---|
| €940,000 | £774,466 | £807,883 | £33,417 |
| Property Price € | €940,000 |
| Minimum cost in the last six months | £774,466 |
| Maximum cost in the last six months | £807,883 |
| Fluctuating exchange rates over the last six months could have increased the cost of this property by | £33,417 |
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 £33,417 more.
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