Near the estuary of the Boina River, which joins the Rio Arade, on the outskirts of the city of Portimão is located this property

Portimão, Portugal

For Sale

€635,000

REF: 847834 €635,000


3

1

2018

Description

Near the estuary of the Boina River, which joins the Rio Arade, on the outskirts of the city of Portimão is located this property. This single-level, 3-bedroom villa, surrounded by nature, with panoramic and clear views over the countryside and river, provides total privacy and tranquility. The property, of 2760 m², is situated in a REN (Reserva Ecológica Nacional) - an area of national ecological reserve, meaning that it is not allowed to build around the plot.

The house combines energy efficiency, elegance, and convenience, opening directly into a spacious living room to the left of the entrance, and on the right is the fully fitted kitchen and dining room, with views over the river and garden. From here there is a hallway that leads to the three bedrooms and a large bathroom, with both shower and bathtub, with air conditioning and pre-installation of underfloor heating.

This hallway also gives access to the attic, which is a spacious space and has the potential to create additional living space. There is an annex equipped with a bathroom and outdoor shower, as well as the potential to further develop a project to create a spa with pool and a leisure area. The garden is well maintained and free from the use of chemical pesticides, with a wide variety of flowers and mature fruit trees, all irrigated by the legal borehole.

Located 5-minute drive from the center of Portimão, and approximately 15 minutes to the nearest beach in Praia da Rocha, with easy access to the highway A22 and the Faro International Airport is a 45-minute drive. CHARACTERISTICS:Plot Area: 2 760 m2 | 29 708 sq ftArea: 128 m2 | 1 378 sq ftUseful area: 91 m2 | 978 sq ftBedrooms: 3Bathrooms: 1Energy efficiency: AFEATURES:3 bedrooms Fully equipped kitchen Air conditioning Attic Garden Location protected area Internationally awarded, LUXIMOS Christie's presents more than 1,200 properties for sale in Portugal, offering an excellent service in real estate brokerage.

LUXIMOS Christie's is the exclusive affiliate of Christie s International Real Estate (1350 offices in 46 countries) for the Algarve, Porto and North of Portugal, and provides its services to homeowners who are selling their properties, and to national and international buyers, who wish to buy real estate in Portugal.

Our selection includes modern and contemporary properties, near the sea or by theriver, in Foz do Douro, in Porto, Boavista, Matosinhos, Vilamoura, Tavira, Ria Formosa, Lagos, Almancil, Vale do Lobo, Quinta do Lago, near the golf courses or the marina. LIc AMI 9063
Near the estuary of the Boina River, which joins the Rio Arade, on the outskirts of the city of Portimão is located this property. This single-level, 3-bedroom villa, surrounded by nature, with panoramic and clear views over the countryside and river, provides total privacy and tranquility. The property, of 2760 m², is situated in a REN (Reserva Ecológica Nacional) - an area of national ecological reserve, meaning that it is not allowed to build around the plot.

The house combines energy efficiency, elegance, and convenience, opening directly into a spacious living room to the left of the entrance, and on the right is the fully fitted kitchen and dining room, with views over the river and garden. From here there is a hallway that leads to the three bedrooms and a large bathroom, with both shower and bathtub, with air conditioning and pre-installation of underfloor heating.

This hallway also gives access to the attic, which is a spacious space and has the potential to create additional living space. There is an annex equipped with a bathroom and outdoor shower, as well as the potential to further develop a project to create a spa with pool and a leisure area. The garden is well maintained and free from the use of chemical pesticides, with a wide variety of flowers and mature fruit trees, all irrigated by the legal borehole.

Located 5-minute drive from the center of Portimão, and approximately 15 minutes to the nearest beach in Praia da Rocha, with easy access to the highway A22 and the Faro International Airport is a 45-minute drive. CHARACTERISTICS:Plot Area: 2 760 m2 | 29 708 sq ftArea: 128 m2 | 1 378 sq ftUseful area: 91 m2 | 978 sq ftBedrooms: 3Bathrooms: 1Energy efficiency: AFEATURES:3 bedrooms Fully equipped kitchen Air conditioning Attic Garden Location protected area Internationally awarded, LUXIMOS Christie's presents more than 1,200 properties for sale in Portugal, offering an excellent service in real estate brokerage.

LUXIMOS Christie's is the exclusive affiliate of Christie s International Real Estate (1350 offices in 46 countries) for the Algarve, Porto and North of Portugal, and provides its services to homeowners who are selling their properties, and to national and international buyers, who wish to buy real estate in Portugal.

Our selection includes modern and contemporary properties, near the sea or by theriver, in Foz do Douro, in Porto, Boavista, Matosinhos, Vilamoura, Tavira, Ria Formosa, Lagos, Almancil, Vale do Lobo, Quinta do Lago, near the golf courses or the marina. LIc AMI 9063
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Property on Map

#2LS00124

Currency Exchange

Portimão, 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 €635,000 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
€635,000 £525,977 £545,751 £19,774
Property Price € €635,000
Minimum cost in the last six months £525,977
Maximum cost in the last six months £545,751
Fluctuating exchange rates over the last six months could have increased the cost of this property by £19,774

Portimão, 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 €635,000 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
€635,000 £525,977 £545,751 £19,774
Property Price € €635,000
Minimum cost in the last six months £525,977
Maximum cost in the last six months £545,751
Fluctuating exchange rates over the last six months could have increased the cost of this property by £19,774

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 £19,774 more.

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