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Farm for sale with house to remodel, close to the Odelouca stream!
Monchique, Faro, Portugal, 8500-827
REF: 853029
€350,000
Description
Farm located in the Ribeira de Odelouca area 15 minutes from Portimão with good access Discover a unique investment opportunity in this farm located in the Ribeira de Odelouca area. With a total of 6 bedrooms and 2 bathrooms, this property with a gross area of 283m and a plot of 52,000m offers a multitude of possibilities to turn it into the retreat of your dreams. Built in 1951, this historic farmhouse is waiting to be renovated and customized to your liking. With an energy certification in process, this is the perfect place to disconnect from the stress of the city and enjoy the tranquility of the countryside.
The Quinta has water from the stream that supplies the land allowing the cultivation of several fruit trees. It has a well next to the stream, which allows it to always have water.
The water comes directly from the dam to the existing stream
Don't miss this unique opportunity to acquire this fascinating property. Contact us today for more information.
Farm located in the Ribeira de Odelouca area 15 minutes from Portimão with good access Discover a unique investment opportunity in this farm located in the Ribeira de Odelouca area. With a total of 6 bedrooms and 2 bathrooms, this property with a gross area of 283m and a plot of 52,000m offers a multitude of possibilities to turn it into the retreat of your dreams. Built in 1951, this historic farmhouse is waiting to be renovated and customized to your liking. With an energy certification in process, this is the perfect place to disconnect from the stress of the city and enjoy the tranquility of the countryside.
The Quinta has water from the stream that supplies the land allowing the cultivation of several fruit trees. It has a well next to the stream, which allows it to always have water.
The water comes directly from the dam to the existing stream
Don't miss this unique opportunity to acquire this fascinating property. Contact us today for more information.
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Currency Exchange
Monchique, Faro, Portugal, 8500-827
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 €350,000 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 |
|---|---|---|---|
| €350,000 | £289,909 | £300,808 | £10,899 |
| Property Price € | €350,000 |
| Minimum cost in the last six months | £289,909 |
| Maximum cost in the last six months | £300,808 |
| Fluctuating exchange rates over the last six months could have increased the cost of this property by | £10,899 |
Monchique, Faro, Portugal, 8500-827
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 €350,000 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 |
|---|---|---|---|
| €350,000 | £289,909 | £300,808 | £10,899 |
| Property Price € | €350,000 |
| Minimum cost in the last six months | £289,909 |
| Maximum cost in the last six months | £300,808 |
| Fluctuating exchange rates over the last six months could have increased the cost of this property by | £10,899 |
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 £10,899 more.
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