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This charming traditional Algarvian house, in need of renovation, is set on a 440m² plot
Faro, Faro, Portugal
REF: 846282
€340,000
Description
This charming traditional Algarvian house, in need of renovation, is set on a 440m² plot. The property, with a terrace, features an entrance hall, 2 bedrooms, and a spacious living room with a fireplace. Outside, you will find an annexed kitchen, a bathroom, a barbecue area, and another semi-detached annex with two storage rooms. There are 3 entrances to the property: two southern gates, one providing access to the house and the other to a carport for a vehicle, and a northern service door. The entire plot is fenced and includes lemon and fig trees, as well as a low-maintenance garden. The property is connected to the municipal water supply and has two cisterns, but it is not connected to the municipal sewage system, having a septic tank instead. The house has a sea view from the terrace, is just a 2-minute drive from the village center, and is located in a quiet area where the only cars passing by belong to neighbors. Schedule your visit and discover the potential of this house! Founded in France in 2008 and in Portugal in 2015, iad emerged from 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 dynamic digital real estate agency based on professionalism and transparency. As an independent real estate consultant, I have the autonomy to manage my schedule, ensuring you personalized support at every stage of the process and quality service at the best price. #ref: 121107
This charming traditional Algarvian house, in need of renovation, is set on a 440m² plot. The property, with a terrace, features an entrance hall, 2 bedrooms, and a spacious living room with a fireplace. Outside, you will find an annexed kitchen, a bathroom, a barbecue area, and another semi-detached annex with two storage rooms. There are 3 entrances to the property: two southern gates, one providing access to the house and the other to a carport for a vehicle, and a northern service door. The entire plot is fenced and includes lemon and fig trees, as well as a low-maintenance garden. The property is connected to the municipal water supply and has two cisterns, but it is not connected to the municipal sewage system, having a septic tank instead. The house has a sea view from the terrace, is just a 2-minute drive from the village center, and is located in a quiet area where the only cars passing by belong to neighbors. Schedule your visit and discover the potential of this house! Founded in France in 2008 and in Portugal in 2015, iad emerged from 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 dynamic digital real estate agency based on professionalism and transparency. As an independent real estate consultant, I have the autonomy to manage my schedule, ensuring you personalized support at every stage of the process and quality service at the best price. #ref: 121107
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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 €340,000 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 |
|---|---|---|---|
| €340,000 | £281,625 | £292,213 | £10,588 |
| Property Price € | €340,000 |
| Minimum cost in the last six months | £281,625 |
| Maximum cost in the last six months | £292,213 |
| Fluctuating exchange rates over the last six months could have increased the cost of this property by | £10,588 |
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 €340,000 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 |
|---|---|---|---|
| €340,000 | £281,625 | £292,213 | £10,588 |
| Property Price € | €340,000 |
| Minimum cost in the last six months | £281,625 |
| Maximum cost in the last six months | £292,213 |
| Fluctuating exchange rates over the last six months could have increased the cost of this property by | £10,588 |
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 £10,588 more.
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