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Unique and rare opportunity to redevelop two townhouses in centre of Loule with approved project
Loulé, Faro, Portugal, 8100-562
REF: 854044
€350,000
Description
This project features two buildings ideal for redevelopment in the historical centre of Loule, designed by the renowned architect Matias Dos Reis. The council planners have recently approved the architectural license for constructing two 2-story townhouses, each boasting its own back garden and individual garag, which is a rare and unique feature and opportunity in the town of Loule. This great project features two buildings ideal for redevelopment in the historical centre of Loule, designed by the renowned architect Matias Dos Reis. The council planners have recently approved the architectural license for constructing two 2-story townhouses, each boasting its own back garden and individual garage, which is a rare and unique feature and opportunity in the town of Loule.
UNIT A:
This unit has a private entrance to the main entrance hall with access to the garage, stairs to the first floor and a social bathroom.
The hall continues in the dining room and on to the lounge and kitchen, with a modern open-plan design. Both the lounge and the dining room have direct access to a private terrace/garden, which is an ideal size for outside dining and a small garden. Continuing upstairs, there is the landing which also has room for a home office. To the front of the house in a bedroom with en-suite bathroom. To the rear of the property is the Master bedroom, en-suite bathroom and walk-in wardrobe. This unit has a total build area of 147.78m2 with a usable area of 112.61m2.
Unit B:
This unit has a private entrance to the main entrance hall with access to the garage, stairs to the first floor, social bathroom and laundry room. This hall continues into the lounge, kitchen and dining room, again with a modern open-plan design. Both the lounge and the dining room have direct access to a private terrace/garden, which is an ideal size for outside dining and a small garden. Continuing upstairs, there is the landing which also has room for a home office. To the front of the house in a bedroom with en-suite bathroom and walk-through
wardrobes. To the rear of the property are a further two bedrooms, both en-suite and the Master Bedroom has a large walk-through closet. This unit has a total build area of 176.69m2 with a usable area of 141.55m2.
This project features two buildings ideal for redevelopment in the historical centre of Loule, designed by the renowned architect Matias Dos Reis. The council planners have recently approved the architectural license for constructing two 2-story townhouses, each boasting its own back garden and individual garag, which is a rare and unique feature and opportunity in the town of Loule. This great project features two buildings ideal for redevelopment in the historical centre of Loule, designed by the renowned architect Matias Dos Reis. The council planners have recently approved the architectural license for constructing two 2-story townhouses, each boasting its own back garden and individual garage, which is a rare and unique feature and opportunity in the town of Loule.
UNIT A:
This unit has a private entrance to the main entrance hall with access to the garage, stairs to the first floor and a social bathroom.
The hall continues in the dining room and on to the lounge and kitchen, with a modern open-plan design. Both the lounge and the dining room have direct access to a private terrace/garden, which is an ideal size for outside dining and a small garden. Continuing upstairs, there is the landing which also has room for a home office. To the front of the house in a bedroom with en-suite bathroom. To the rear of the property is the Master bedroom, en-suite bathroom and walk-in wardrobe. This unit has a total build area of 147.78m2 with a usable area of 112.61m2.
Unit B:
This unit has a private entrance to the main entrance hall with access to the garage, stairs to the first floor, social bathroom and laundry room. This hall continues into the lounge, kitchen and dining room, again with a modern open-plan design. Both the lounge and the dining room have direct access to a private terrace/garden, which is an ideal size for outside dining and a small garden. Continuing upstairs, there is the landing which also has room for a home office. To the front of the house in a bedroom with en-suite bathroom and walk-through
wardrobes. To the rear of the property are a further two bedrooms, both en-suite and the Master Bedroom has a large walk-through closet. This unit has a total build area of 176.69m2 with a usable area of 141.55m2.
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Currency Exchange
Loulé, Faro, Portugal, 8100-562
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 | £291,158 | £301,217 | £10,059 |
| Property Price € | €350,000 |
| Minimum cost in the last six months | £291,158 |
| Maximum cost in the last six months | £301,217 |
| Fluctuating exchange rates over the last six months could have increased the cost of this property by | £10,059 |
Loulé, Faro, Portugal, 8100-562
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 | £291,158 | £301,217 | £10,059 |
| Property Price € | €350,000 |
| Minimum cost in the last six months | £291,158 |
| Maximum cost in the last six months | £301,217 |
| Fluctuating exchange rates over the last six months could have increased the cost of this property by | £10,059 |
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 £10,059 more.
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