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Fabulous opportunity to purchase this charming property in need of a full renovation
Lagos, Algarve, Portugal, 8600-748
REF: 858565
€850,000
Description
Fabulous opportunity to purchase this charming property in need of a full renovation. The property is split into 3 areas, 2 commercial spaces and a large house which could be converted into a fantastic guest house.
Spanning across 3 floors, the ground floor is home to 2 commercial spaces, providing an secure income to the investment.
The home is located on the first and second floor, with a beautiful open staircase connecting the 2 levels and a courtyard, perfect for taking in the Algarvian sunshine.
On the first floor, you are greeted with a lovely large living space with fireplace, a second living area which leads out onto the courtyard, a kitchen with larder and 2 bedrooms. Off the courtyard are 2 storage rooms and a bathroom with shower.
Leading up the open staircase, you are met with 3 bedrooms, along the corridor are a further 2 bedrooms and a family bathroom. From this level you also have access to the roof top terrace with stunning sea views. There is also a laundry on this level and access to an attic space, perfect for storage.
Don t miss the chance to own a piece of Portuguese heritage with great investment potential.
Fabulous opportunity to purchase this charming property in need of a full renovation. The property is split into 3 areas, 2 commercial spaces and a large house which could be converted into a fantastic guest house.
Spanning across 3 floors, the ground floor is home to 2 commercial spaces, providing an secure income to the investment.
The home is located on the first and second floor, with a beautiful open staircase connecting the 2 levels and a courtyard, perfect for taking in the Algarvian sunshine.
On the first floor, you are greeted with a lovely large living space with fireplace, a second living area which leads out onto the courtyard, a kitchen with larder and 2 bedrooms. Off the courtyard are 2 storage rooms and a bathroom with shower.
Leading up the open staircase, you are met with 3 bedrooms, along the corridor are a further 2 bedrooms and a family bathroom. From this level you also have access to the roof top terrace with stunning sea views. There is also a laundry on this level and access to an attic space, perfect for storage.
Don t miss the chance to own a piece of Portuguese heritage with great investment potential.
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Property on Map
Currency Exchange
Lagos, Algarve, Portugal, 8600-748
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 €850,000 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 |
|---|---|---|---|
| €850,000 | £704,064 | £730,533 | £26,469 |
| Property Price € | €850,000 |
| Minimum cost in the last six months | £704,064 |
| Maximum cost in the last six months | £730,533 |
| Fluctuating exchange rates over the last six months could have increased the cost of this property by | £26,469 |
Lagos, Algarve, Portugal, 8600-748
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 €850,000 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 |
|---|---|---|---|
| €850,000 | £704,064 | £730,533 | £26,469 |
| Property Price € | €850,000 |
| Minimum cost in the last six months | £704,064 |
| Maximum cost in the last six months | £730,533 |
| Fluctuating exchange rates over the last six months could have increased the cost of this property by | £26,469 |
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 £26,469 more.
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