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OLD HOUSE and Plot of Land of 18
Olhão, Faro, Portugal, 8700-133
REF: 855472
€365,000
Description
OLD HOUSE with 178 sqm to rebuilding / rehabilitation in Quelfes - OLHÃO, in a PLOT OF LAND of 18.000 sqm. The property is composed of a typical Algarvian property, consisting of five bedrooms, several annex buildings and plot of land with 1.8ha, with vegetable garden, orchard and several fruit trees. It also has a water well, a water tank and a threshing floor. Property composed by an urban article and other rustic.
There is feasibility of reconstruction, alteration and expansion of construction areas up to 300m2 for housing purposes, up to 500m2 for other agricultural purposes and up to 2000m2 for rural tourism.
The plot is located in a great location and set on an elevated and quiet area, the land has panoramic views over the entire surrounding area, between the mountains and the sea and access by tarmac road. Olhão is 5 km away, while Tavira is 15 km away.
In terms of on-site infrastructure there is nearby mains water and drainage, electricity and telecommunications.
Great potential and an excellent investment.
Features:
- Living area - 178 sqm
- Gross built area - 178 sqm
- Implantation area - 172 sqm
- Plot size - 18.000 sqm
- Year Built -
OLD HOUSE with 178 sqm to rebuilding / rehabilitation in Quelfes - OLHÃO, in a PLOT OF LAND of 18.000 sqm. The property is composed of a typical Algarvian property, consisting of five bedrooms, several annex buildings and plot of land with 1.8ha, with vegetable garden, orchard and several fruit trees. It also has a water well, a water tank and a threshing floor. Property composed by an urban article and other rustic.
There is feasibility of reconstruction, alteration and expansion of construction areas up to 300m2 for housing purposes, up to 500m2 for other agricultural purposes and up to 2000m2 for rural tourism.
The plot is located in a great location and set on an elevated and quiet area, the land has panoramic views over the entire surrounding area, between the mountains and the sea and access by tarmac road. Olhão is 5 km away, while Tavira is 15 km away.
In terms of on-site infrastructure there is nearby mains water and drainage, electricity and telecommunications.
Great potential and an excellent investment.
Features:
- Living area - 178 sqm
- Gross built area - 178 sqm
- Implantation area - 172 sqm
- Plot size - 18.000 sqm
- Year Built -
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Property on Map
Currency Exchange
Olhão, Faro, Portugal, 8700-133
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 €365,000 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 |
|---|---|---|---|
| €365,000 | £306,352 | £314,834 | £8,483 |
| Property Price € | €365,000 |
| Minimum cost in the last six months | £306,352 |
| Maximum cost in the last six months | £314,834 |
| Fluctuating exchange rates over the last six months could have increased the cost of this property by | £8,483 |
Olhão, Faro, Portugal, 8700-133
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 €365,000 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 |
|---|---|---|---|
| €365,000 | £306,352 | £314,834 | £8,483 |
| Property Price € | €365,000 |
| Minimum cost in the last six months | £306,352 |
| Maximum cost in the last six months | £314,834 |
| Fluctuating exchange rates over the last six months could have increased the cost of this property by | £8,483 |
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 £8,483 more.
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