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3 bedroom house SILVES
Silves, Faro, Portugal
REF: 856401
€465,000
Description
The house is at the top of Largo José Correia Lobo, in the heart of the historic center of the city of Silves, with a very rich historical heritage, taking us back several centuries to the time of battles between peoples. It stands out for its location on a centuries-old cobbled street, characterized by a peaceful and unique environment, which provides direct access to the historic and monumental Castle of Silves, with views of the Cathedral, the Arade river basin and the Monchique mountains. We have a house with architecture from the 70s with a patio, 1st floor, roof top from which we can enjoy a unique view over the city and surroundings, where typical Algarve roofs and chimneys predominate. The house has potential for a diverse range of uses: for living, creating a charming accommodation unit and boosting work and creation spaces, that is: remote work, artisans, Coworking, etc. The 1st floor of the house is approximately 113 m2 and consists of: 3 bedrooms with plenty of natural light (2 with balconies), 1 living room, 1 bathroom and a terrace/roof top with a small storage area. The ground floor is approximately 70 m2 and consists of: 2 connecting rooms, 1 bathroom, 1 kitchen, 1 pantry and an outdoor patio with a support/dining kitchen, wood oven, reminiscent of the time of our grandparents, 1 still for producing brandy, 1 storage area, 1 large garage for one car and a basement of around 20 m2.
The house is at the top of Largo José Correia Lobo, in the heart of the historic center of the city of Silves, with a very rich historical heritage, taking us back several centuries to the time of battles between peoples. It stands out for its location on a centuries-old cobbled street, characterized by a peaceful and unique environment, which provides direct access to the historic and monumental Castle of Silves, with views of the Cathedral, the Arade river basin and the Monchique mountains. We have a house with architecture from the 70s with a patio, 1st floor, roof top from which we can enjoy a unique view over the city and surroundings, where typical Algarve roofs and chimneys predominate. The house has potential for a diverse range of uses: for living, creating a charming accommodation unit and boosting work and creation spaces, that is: remote work, artisans, Coworking, etc. The 1st floor of the house is approximately 113 m2 and consists of: 3 bedrooms with plenty of natural light (2 with balconies), 1 living room, 1 bathroom and a terrace/roof top with a small storage area. The ground floor is approximately 70 m2 and consists of: 2 connecting rooms, 1 bathroom, 1 kitchen, 1 pantry and an outdoor patio with a support/dining kitchen, wood oven, reminiscent of the time of our grandparents, 1 still for producing brandy, 1 storage area, 1 large garage for one car and a basement of around 20 m2.
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Currency Exchange
Silves, Faro, Portugal
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 €465,000 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 |
|---|---|---|---|
| €465,000 | £385,164 | £399,644 | £14,480 |
| Property Price € | €465,000 |
| Minimum cost in the last six months | £385,164 |
| Maximum cost in the last six months | £399,644 |
| Fluctuating exchange rates over the last six months could have increased the cost of this property by | £14,480 |
Silves, Faro, Portugal
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 €465,000 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 |
|---|---|---|---|
| €465,000 | £385,164 | £399,644 | £14,480 |
| Property Price € | €465,000 |
| Minimum cost in the last six months | £385,164 |
| Maximum cost in the last six months | £399,644 |
| Fluctuating exchange rates over the last six months could have increased the cost of this property by | £14,480 |
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 £14,480 more.
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