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Old house in RUIN with 233 sq
Loulé, Faro, Portugal, 8100-314
REF: 855486
€345,000
Description
The property, with 3,325 sq.m, is made up of an urban property with a ground floor group of old houses with excellent sea views and a rustic property with 2,448 sq.m.
According to the project approved by Loulé City Council, you can immediately build a 3-bedroom villa with 244 sq.m of construction and deployment area, a basement of 75.45 sq.m and a swimming pool of 30.40 sq.m.
The set of articles allows, with a reconversion of the project, the construction of a single-story house of up to 300 sq.m, basement, and swimming pool.
There is a borehole and water supply and has network sewage nearby.
It is in a rural area, but very quiet and with beautiful houses in the surrounding areas, just 7 km from Loulé and 14 km from Vilamoura.
Characteristics:
- Useful area 180.95 sq.m
- Gross area - 233 sq.m
- Implementation area - 233 sq.m
- Land Area 3,325 sq.m
- Year of Construction - before 1951
- Energy Certificate - Exempt - Excluded from the SCE, under article 4, of Decree-Law No. 118/2013, of 20 August
Note: The 3D images presented here are for illustrative purposes only and, therefore, cannot be considered binding.
Call us for more information.
BALSA INVEST. Reliable Businesses.
Ami17067
The property, with 3,325 sq.m, is made up of an urban property with a ground floor group of old houses with excellent sea views and a rustic property with 2,448 sq.m.
According to the project approved by Loulé City Council, you can immediately build a 3-bedroom villa with 244 sq.m of construction and deployment area, a basement of 75.45 sq.m and a swimming pool of 30.40 sq.m.
The set of articles allows, with a reconversion of the project, the construction of a single-story house of up to 300 sq.m, basement, and swimming pool.
There is a borehole and water supply and has network sewage nearby.
It is in a rural area, but very quiet and with beautiful houses in the surrounding areas, just 7 km from Loulé and 14 km from Vilamoura.
Characteristics:
- Useful area 180.95 sq.m
- Gross area - 233 sq.m
- Implementation area - 233 sq.m
- Land Area 3,325 sq.m
- Year of Construction - before 1951
- Energy Certificate - Exempt - Excluded from the SCE, under article 4, of Decree-Law No. 118/2013, of 20 August
Note: The 3D images presented here are for illustrative purposes only and, therefore, cannot be considered binding.
Call us for more information.
BALSA INVEST. Reliable Businesses.
Ami17067
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Property on Map
Currency Exchange
Loulé, Faro, Portugal, 8100-314
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 €345,000 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 |
|---|---|---|---|
| €345,000 | £286,999 | £296,914 | £9,915 |
| Property Price € | €345,000 |
| Minimum cost in the last six months | £286,999 |
| Maximum cost in the last six months | £296,914 |
| Fluctuating exchange rates over the last six months could have increased the cost of this property by | £9,915 |
Loulé, Faro, Portugal, 8100-314
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 €345,000 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 |
|---|---|---|---|
| €345,000 | £286,999 | £296,914 | £9,915 |
| Property Price € | €345,000 |
| Minimum cost in the last six months | £286,999 |
| Maximum cost in the last six months | £296,914 |
| Fluctuating exchange rates over the last six months could have increased the cost of this property by | £9,915 |
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 £9,915 more.
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