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Located in a serene and picturesque rural environment, this basalt stone ruin offers a unique investment opportunity for those looking to create a charming local accommodation space
Lajes do Pico, Ilha do Pico, Portugal
REF: 814284
€99,800
Description
Located in a serene and picturesque rural environment, this basalt stone ruin offers a unique investment opportunity for those looking to create a charming local accommodation space. With a privileged location and magnificent sea views, this ruin features ideal characteristics for a rehabilitation project that preserves its traditional vernacular architecture. The ruin has two floors and a generous area of 70 square meters, providing considerable potential to create cozy and functional spaces. Its robust basalt stone structure gives it exceptional durability and a charming aesthetic that harmoniously integrates with the surrounding landscape, and it can be expanded for greater investment profitability. Furthermore, the ruin enjoys excellent sun exposure, ensuring abundant natural light and a bright and welcoming atmosphere indoors. This feature, combined with the tranquil rural location, offers future owners the opportunity to create truly serene and relaxing spaces, perfect for hosting guests seeking an authentic experience on Pico Island. With its proximity to the bathing areas on the south side of Pico Island, the ruin represents an ideal base for exploring the natural wonders and stunning landscapes of the island. Just a 10-minute drive from the picturesque village of Baleeira das Lajes do Pico, future guests can enjoy convenient access to local restaurants, shops, and other amenities. Moreover, the strategic location of the ruin, just a 40-minute drive from Pico Airport, makes it easily accessible for both domestic and international visitors, offering an excellent investment opportunity in the growing tourism market on Pico Island. In summary, this basalt stone ruin represents a unique opportunity to create a charming local accommodation space, with a privileged location, stunning sea views, and considerable potential to provide an authentic and memorable experience to guests. #ref: 116159
Located in a serene and picturesque rural environment, this basalt stone ruin offers a unique investment opportunity for those looking to create a charming local accommodation space. With a privileged location and magnificent sea views, this ruin features ideal characteristics for a rehabilitation project that preserves its traditional vernacular architecture. The ruin has two floors and a generous area of 70 square meters, providing considerable potential to create cozy and functional spaces. Its robust basalt stone structure gives it exceptional durability and a charming aesthetic that harmoniously integrates with the surrounding landscape, and it can be expanded for greater investment profitability. Furthermore, the ruin enjoys excellent sun exposure, ensuring abundant natural light and a bright and welcoming atmosphere indoors. This feature, combined with the tranquil rural location, offers future owners the opportunity to create truly serene and relaxing spaces, perfect for hosting guests seeking an authentic experience on Pico Island. With its proximity to the bathing areas on the south side of Pico Island, the ruin represents an ideal base for exploring the natural wonders and stunning landscapes of the island. Just a 10-minute drive from the picturesque village of Baleeira das Lajes do Pico, future guests can enjoy convenient access to local restaurants, shops, and other amenities. Moreover, the strategic location of the ruin, just a 40-minute drive from Pico Airport, makes it easily accessible for both domestic and international visitors, offering an excellent investment opportunity in the growing tourism market on Pico Island. In summary, this basalt stone ruin represents a unique opportunity to create a charming local accommodation space, with a privileged location, stunning sea views, and considerable potential to provide an authentic and memorable experience to guests. #ref: 116159
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Currency Exchange
Lajes do Pico, Ilha do Pico, 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 €99,800 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 |
|---|---|---|---|
| €99,800 | £82,665 | £85,773 | £3,108 |
| Property Price € | €99,800 |
| Minimum cost in the last six months | £82,665 |
| Maximum cost in the last six months | £85,773 |
| Fluctuating exchange rates over the last six months could have increased the cost of this property by | £3,108 |
Lajes do Pico, Ilha do Pico, 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 €99,800 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 |
|---|---|---|---|
| €99,800 | £82,665 | £85,773 | £3,108 |
| Property Price € | €99,800 |
| Minimum cost in the last six months | £82,665 |
| Maximum cost in the last six months | £85,773 |
| Fluctuating exchange rates over the last six months could have increased the cost of this property by | £3,108 |
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 £3,108 more.
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