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House with Infinite Sea View in Pontas Negras, Ribeiras, Pico Island This charming property, located in Pontas Negras in the parish of Ribeiras, Pico Island, offers a stunning sea view and a unique opportunity to live in a tranquil and serene environment
Lajes do Pico, Ilha do Pico, Portugal
REF: 834282
€125,000
Description
House with Infinite Sea View in Pontas Negras, Ribeiras, Pico Island This charming property, located in Pontas Negras in the parish of Ribeiras, Pico Island, offers a stunning sea view and a unique opportunity to live in a tranquil and serene environment. Main House Features: 2-Story Structure: Ground Floor: Spacious storage areas that can be adapted for various uses, offering flexibility and potential for customization. First Floor: Living area comprising a large kitchen, a bathroom (wc), and two bedrooms, all with spectacular sea views. Additional Building: A second 2-story building, in excellent condition, previously used to support agricultural activities. This building has great potential to be converted into tourist accommodation with a sea view, thus increasing the property's profitability. Renovation Potential: Both constructions, although in good condition, could benefit from a renovation, which will not only preserve but also enhance the charm of traditional Pico Island architecture. Location and Amenities: Proximity to Nature: Hiking trails just 1 minute away on foot, providing easy access to outdoor activities. Beach Areas: A 5-minute drive from several beach areas, perfect for leisure and relaxation. Accessibility: 15 minutes from Vila Baleeira das Lajes. 40 minutes from Pico Island airport. Environment: Situated in a very peaceful area, this property is perfect for those seeking peace and serenity, away from the urban hustle. This is an unmissable opportunity to acquire a property with unique features and extraordinary potential, ideal for living or investing in local tourism. For more information or to schedule a visit, please contact us. #ref: 119531
House with Infinite Sea View in Pontas Negras, Ribeiras, Pico Island This charming property, located in Pontas Negras in the parish of Ribeiras, Pico Island, offers a stunning sea view and a unique opportunity to live in a tranquil and serene environment. Main House Features: 2-Story Structure: Ground Floor: Spacious storage areas that can be adapted for various uses, offering flexibility and potential for customization. First Floor: Living area comprising a large kitchen, a bathroom (wc), and two bedrooms, all with spectacular sea views. Additional Building: A second 2-story building, in excellent condition, previously used to support agricultural activities. This building has great potential to be converted into tourist accommodation with a sea view, thus increasing the property's profitability. Renovation Potential: Both constructions, although in good condition, could benefit from a renovation, which will not only preserve but also enhance the charm of traditional Pico Island architecture. Location and Amenities: Proximity to Nature: Hiking trails just 1 minute away on foot, providing easy access to outdoor activities. Beach Areas: A 5-minute drive from several beach areas, perfect for leisure and relaxation. Accessibility: 15 minutes from Vila Baleeira das Lajes. 40 minutes from Pico Island airport. Environment: Situated in a very peaceful area, this property is perfect for those seeking peace and serenity, away from the urban hustle. This is an unmissable opportunity to acquire a property with unique features and extraordinary potential, ideal for living or investing in local tourism. For more information or to schedule a visit, please contact us. #ref: 119531
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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 €125,000 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 |
|---|---|---|---|
| €125,000 | £103,539 | £107,431 | £3,893 |
| Property Price € | €125,000 |
| Minimum cost in the last six months | £103,539 |
| Maximum cost in the last six months | £107,431 |
| Fluctuating exchange rates over the last six months could have increased the cost of this property by | £3,893 |
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 €125,000 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 |
|---|---|---|---|
| €125,000 | £103,539 | £107,431 | £3,893 |
| Property Price € | €125,000 |
| Minimum cost in the last six months | £103,539 |
| Maximum cost in the last six months | £107,431 |
| Fluctuating exchange rates over the last six months could have increased the cost of this property by | £3,893 |
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 £3,893 more.
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