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3 bedroom apartment with several autonomous rooms, added to the fraction, great for profitability!
Lagoa, Faro, Portugal, 8400-656
REF: 849209
€275,000
Description
Do you want to buy an apartment and earn some extra income? We have the solution for you! 3 bedroom apartment for sale in the beautiful urbanization of Bela Vista, 7 minutes by car from Ferragudo and the fabulous beaches, located in a quiet area, with several parking lots available around the urbanization, with easy access to national road 125, 5 minutes by car or a 10-minute walk from the large shopping areas in Parchal.
The T3 property has the following description:
Entrance hall, kitchen with balcony and pantry, living room with access to the same balcony, 2 bathrooms, one of them en suite, 3 bedrooms, 2 of them with balcony.
In the basement we find a storage room with windows, with a total area of around 15 m, with a bathroom and another small partition that can be converted into a kitchenette, ideal for an office or studio to accommodate guests or rental.
On the top floor (Terrace), that is, on the 2nd floor, a small T1+1 was built with a bathroom and kitchenette with lots of light.
Outside with access to the street, the garage was converted into a T1 apartment, with a small yard, bathroom, bedroom and kitchenette.
All divisions require renovation work.
The building does not have an elevator
Do you want to buy an apartment and earn some extra income? We have the solution for you! 3 bedroom apartment for sale in the beautiful urbanization of Bela Vista, 7 minutes by car from Ferragudo and the fabulous beaches, located in a quiet area, with several parking lots available around the urbanization, with easy access to national road 125, 5 minutes by car or a 10-minute walk from the large shopping areas in Parchal.
The T3 property has the following description:
Entrance hall, kitchen with balcony and pantry, living room with access to the same balcony, 2 bathrooms, one of them en suite, 3 bedrooms, 2 of them with balcony.
In the basement we find a storage room with windows, with a total area of around 15 m, with a bathroom and another small partition that can be converted into a kitchenette, ideal for an office or studio to accommodate guests or rental.
On the top floor (Terrace), that is, on the 2nd floor, a small T1+1 was built with a bathroom and kitchenette with lots of light.
Outside with access to the street, the garage was converted into a T1 apartment, with a small yard, bathroom, bedroom and kitchenette.
All divisions require renovation work.
The building does not have an elevator
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Property on Map
Currency Exchange
Lagoa, Faro, Portugal, 8400-656
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 €275,000 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 |
|---|---|---|---|
| €275,000 | £227,785 | £236,349 | £8,564 |
| Property Price € | €275,000 |
| Minimum cost in the last six months | £227,785 |
| Maximum cost in the last six months | £236,349 |
| Fluctuating exchange rates over the last six months could have increased the cost of this property by | £8,564 |
Lagoa, Faro, Portugal, 8400-656
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 €275,000 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 |
|---|---|---|---|
| €275,000 | £227,785 | £236,349 | £8,564 |
| Property Price € | €275,000 |
| Minimum cost in the last six months | £227,785 |
| Maximum cost in the last six months | £236,349 |
| Fluctuating exchange rates over the last six months could have increased the cost of this property by | £8,564 |
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 £8,564 more.
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