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Land with 743m2 and two old villas - Calheta
Calheta, Ilha da Madeira, Portugal, 9370-122
REF: 865733
€285,000
Description
The land has an area of 743 square meters and is located in the heart of Calheta, in a quiet and central area. In it, there are two old houses of small dimensions, which need restoration works. These buildings, although in need of restoration, have the potential to be transformed into charming residences or investment projects.
The land is situated in an alley, ensuring greater privacy and less traffic, which can be ideal for those seeking tranquility. In addition, it has a partial view of the sea, adding a special charm to the place. The proximity to the center of Calheta facilitates access to services, shops and other amenities, making this land an attractive opportunity for those who want to invest in a property with potential for appreciation.
Ideal for investment or AL.
Expansion project for both houses.
Book your visit with us!
The land has an area of 743 square meters and is located in the heart of Calheta, in a quiet and central area. In it, there are two old houses of small dimensions, which need restoration works. These buildings, although in need of restoration, have the potential to be transformed into charming residences or investment projects.
The land is situated in an alley, ensuring greater privacy and less traffic, which can be ideal for those seeking tranquility. In addition, it has a partial view of the sea, adding a special charm to the place. The proximity to the center of Calheta facilitates access to services, shops and other amenities, making this land an attractive opportunity for those who want to invest in a property with potential for appreciation.
Ideal for investment or AL.
Expansion project for both houses.
Book your visit with us!
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Property on Map
Currency Exchange
Calheta, Ilha da Madeira, Portugal, 9370-122
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 €285,000 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 |
|---|---|---|---|
| €285,000 | £236,068 | £244,943 | £8,875 |
| Property Price € | €285,000 |
| Minimum cost in the last six months | £236,068 |
| Maximum cost in the last six months | £244,943 |
| Fluctuating exchange rates over the last six months could have increased the cost of this property by | £8,875 |
Calheta, Ilha da Madeira, Portugal, 9370-122
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 €285,000 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 |
|---|---|---|---|
| €285,000 | £236,068 | £244,943 | £8,875 |
| Property Price € | €285,000 |
| Minimum cost in the last six months | £236,068 |
| Maximum cost in the last six months | £244,943 |
| Fluctuating exchange rates over the last six months could have increased the cost of this property by | £8,875 |
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 £8,875 more.
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