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A large plot with ruin near Paderne
Albufeira, Faro, Portugal, 8200-450
REF: 865436
€220,000
Description
A large plot with a ruin located near Paderne, approximately 20 minutes by car from the coast. With mains water and electricity available, the elevated land offers fantastic countryside views. According to the current municipal master plan (PDM), construction is permitted. This large elevated plot of land with a small 40 m² ruin is located near the historic village of Paderne. According to the current municipal master plan (PDM), this land has permission to build a single-story residence with a maximum footprint of 300 m², with access to water and electricity. The plot extends over 9600 m² and offers charming countryside views. The land is situated in a very tranquil area but is close to various access points and roads. An ideal opportunity for those looking to develop their dream home project. Paderne is a beautiful little village, situated on a hillside, topped with Cypress trees and a lovely church. Surrounded by stunning countryside, ideal for walking with it€™s many trails. The village has a 13th Century Moorish Castle approximately 2km from the centre and an 18th Century bridge built over 3 arches. The centre of the village has most things that one needs, i.e, post office, pharmacy, petrol station, hardware shop, small shops with selling locally-grown produce, cafes, good restaurants and a regular bus service which will take you to Albufeira and the coast, only 11kms away. It also goes through the town of Ferreiras which has a large supermarket and the nearest train station with regular services to Lisbon & Faro.
A large plot with a ruin located near Paderne, approximately 20 minutes by car from the coast. With mains water and electricity available, the elevated land offers fantastic countryside views. According to the current municipal master plan (PDM), construction is permitted. This large elevated plot of land with a small 40 m² ruin is located near the historic village of Paderne. According to the current municipal master plan (PDM), this land has permission to build a single-story residence with a maximum footprint of 300 m², with access to water and electricity. The plot extends over 9600 m² and offers charming countryside views. The land is situated in a very tranquil area but is close to various access points and roads. An ideal opportunity for those looking to develop their dream home project. Paderne is a beautiful little village, situated on a hillside, topped with Cypress trees and a lovely church. Surrounded by stunning countryside, ideal for walking with it€™s many trails. The village has a 13th Century Moorish Castle approximately 2km from the centre and an 18th Century bridge built over 3 arches. The centre of the village has most things that one needs, i.e, post office, pharmacy, petrol station, hardware shop, small shops with selling locally-grown produce, cafes, good restaurants and a regular bus service which will take you to Albufeira and the coast, only 11kms away. It also goes through the town of Ferreiras which has a large supermarket and the nearest train station with regular services to Lisbon & Faro.
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Currency Exchange
Albufeira, Faro, Portugal, 8200-450
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 €220,000 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 |
|---|---|---|---|
| €220,000 | £183,014 | £189,336 | £6,323 |
| Property Price € | €220,000 |
| Minimum cost in the last six months | £183,014 |
| Maximum cost in the last six months | £189,336 |
| Fluctuating exchange rates over the last six months could have increased the cost of this property by | £6,323 |
Albufeira, Faro, Portugal, 8200-450
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 €220,000 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 |
|---|---|---|---|
| €220,000 | £183,014 | £189,336 | £6,323 |
| Property Price € | €220,000 |
| Minimum cost in the last six months | £183,014 |
| Maximum cost in the last six months | £189,336 |
| Fluctuating exchange rates over the last six months could have increased the cost of this property by | £6,323 |
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 £6,323 more.
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