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For sale: a 2-bedroom terraced house with 57m², situated on a 108m² plot, with an approved but expired project, to carry out the modification of a single-family house with a ground floor, first floor and basement, and an extension to a total construction area of 195m²
Faro, Faro, Portugal
REF: 839142
€159,000
Description
For sale: a 2-bedroom terraced house with 57m², situated on a 108m² plot, with an approved but expired project, to carry out the modification of a single-family house with a ground floor, first floor and basement, and an extension to a total construction area of 195m². The project allows for: In the basement, a bathroom, an office, and stairs leading to the ground floor. The ground floor is designated as the common area of the house and is distributed among the living room, kitchen, and an open terrace facing south. The top floor, which is set back from the main façade, is intended as the private area of the house and consists of two en-suite bedrooms and an open terrace facing north. Other project information: The floors are connected by interior stairs. The roof will be flat and will facilitate the installation of solar collectors and air conditioning units hidden from the street. On the main façade, next to the public road, there is a planned private parking space before the entrance to the house. Do you want to realize the dream of owning a house in the capital of the Algarve in a central area close to services and shops, including the Algarve district hospital, the University of the Algarve Penha campus, and the São Luís football stadium? Contact me and schedule your visit! Created in France in 2008 and in Portugal in 2015, iad is based on an innovative model that expands the traditional concept of a real estate agency, promoting a close relationship between the consultant and the client. The success of the iad group is reflected in thousands of consultants, online properties, and completed deals. iad is a digital and dynamic real estate agency based on professionalism and transparency. As an independent real estate consultant, I have the autonomy to manage my schedule, ensuring personalized support at all stages of the process and quality service at the best price. #ref: 118999
For sale: a 2-bedroom terraced house with 57m², situated on a 108m² plot, with an approved but expired project, to carry out the modification of a single-family house with a ground floor, first floor and basement, and an extension to a total construction area of 195m². The project allows for: In the basement, a bathroom, an office, and stairs leading to the ground floor. The ground floor is designated as the common area of the house and is distributed among the living room, kitchen, and an open terrace facing south. The top floor, which is set back from the main façade, is intended as the private area of the house and consists of two en-suite bedrooms and an open terrace facing north. Other project information: The floors are connected by interior stairs. The roof will be flat and will facilitate the installation of solar collectors and air conditioning units hidden from the street. On the main façade, next to the public road, there is a planned private parking space before the entrance to the house. Do you want to realize the dream of owning a house in the capital of the Algarve in a central area close to services and shops, including the Algarve district hospital, the University of the Algarve Penha campus, and the São Luís football stadium? Contact me and schedule your visit! Created in France in 2008 and in Portugal in 2015, iad is based on an innovative model that expands the traditional concept of a real estate agency, promoting a close relationship between the consultant and the client. The success of the iad group is reflected in thousands of consultants, online properties, and completed deals. iad is a digital and dynamic real estate agency based on professionalism and transparency. As an independent real estate consultant, I have the autonomy to manage my schedule, ensuring personalized support at all stages of the process and quality service at the best price. #ref: 118999
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Property on Map
Currency Exchange
Faro, 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 €159,000 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 |
|---|---|---|---|
| €159,000 | £131,000 | £134,528 | £3,528 |
| Property Price € | €159,000 |
| Minimum cost in the last six months | £131,000 |
| Maximum cost in the last six months | £134,528 |
| Fluctuating exchange rates over the last six months could have increased the cost of this property by | £3,528 |
Faro, 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 €159,000 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 |
|---|---|---|---|
| €159,000 | £131,000 | £134,528 | £3,528 |
| Property Price € | €159,000 |
| Minimum cost in the last six months | £131,000 |
| Maximum cost in the last six months | £134,528 |
| Fluctuating exchange rates over the last six months could have increased the cost of this property by | £3,528 |
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 £3,528 more.
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