Here is this incredible T1 apartment with a sea view, parking space, and swimming pool, located in the prestigious Praia Mar building, just 5 minutes from the stunning beaches of 3 Chteaux, Amado, and Rocha in the Algarve

Portimão, Faro, Portugal

For Sale

€225,000

REF: 866290 €225,000


1

1

92 m2

Description

Here is this incredible T1 apartment with a sea view, parking space, and swimming pool, located in the prestigious Praia Mar building, just 5 minutes from the stunning beaches of 3 Chteaux, Amado, and Rocha in the Algarve. It consists of: Entrance hall, living room with access to the spacious balcony, kitchenette and a second balcony, bedroom with access to the same balcony, and a bathroom with a bathtub.

**Apartment Features** • Type: T1 (1 Bedroom) • 3rd floor facing East • Private gross area: 64m² well distributed, optimizing each space for maximum comfort • Dependent area: 28m² • Air conditioning in the living room • Brightness: Ample natural light entrance, creating a cozy and pleasant atmosphere in all rooms **Main Attributes** • Condominium with 2 swimming pools (recently renovated) and leisure areas • 2 Balconies: Spacious, with sea views, perfect for enjoying outdoor meals, relaxing, or contemplating the sunset • Garage Space: Private in the building's basement, providing convenience and security for your vehicle • Equipped Kitchen: With all necessary appliances, including refrigerator, stovetop, microwave, washing machine, water heater, and all equipment, ready for immediate use • Built-in wardrobe • Furnished: The apartment is fully tastefully furnished, ready to live in or rent out • Building served by 5 elevators and 24-hour reception **Additional Details** This property combines comfort and a prime location, ideal for those looking to enjoy the best that seaside living has to offer.

• Location: Just 300 meters from the iconic Praia da Rocha, one of the most famous and sought-after beaches in the Algarve, known for its crystal-clear waters and extensive golden sands • Condominium: Well-maintained, with an elevator and 24-hour security, offering tranquility and comfort to residents • Proximity: Close to all essential amenities, such as restaurants, cafes, supermarkets, shops, and public transport, ensuring a practical and convenient lifestyle **Benefits** • Quality of Life: Live just a few steps from the beach and enjoy a healthy and relaxed lifestyle, with opportunities for seaside walks and sunbathing whenever you wish • Safe Investment: Excellent opportunity for holiday rentals or for personal residence, given the high tourist demand in the region - Condominium Fee: €96.00 - Property Tax (IMI): €332.00 Don’t miss the opportunity and be amazed! #ref: 123912
Here is this incredible T1 apartment with a sea view, parking space, and swimming pool, located in the prestigious Praia Mar building, just 5 minutes from the stunning beaches of 3 Chteaux, Amado, and Rocha in the Algarve. It consists of: Entrance hall, living room with access to the spacious balcony, kitchenette and a second balcony, bedroom with access to the same balcony, and a bathroom with a bathtub.

**Apartment Features** • Type: T1 (1 Bedroom) • 3rd floor facing East • Private gross area: 64m² well distributed, optimizing each space for maximum comfort • Dependent area: 28m² • Air conditioning in the living room • Brightness: Ample natural light entrance, creating a cozy and pleasant atmosphere in all rooms **Main Attributes** • Condominium with 2 swimming pools (recently renovated) and leisure areas • 2 Balconies: Spacious, with sea views, perfect for enjoying outdoor meals, relaxing, or contemplating the sunset • Garage Space: Private in the building's basement, providing convenience and security for your vehicle • Equipped Kitchen: With all necessary appliances, including refrigerator, stovetop, microwave, washing machine, water heater, and all equipment, ready for immediate use • Built-in wardrobe • Furnished: The apartment is fully tastefully furnished, ready to live in or rent out • Building served by 5 elevators and 24-hour reception **Additional Details** This property combines comfort and a prime location, ideal for those looking to enjoy the best that seaside living has to offer.

• Location: Just 300 meters from the iconic Praia da Rocha, one of the most famous and sought-after beaches in the Algarve, known for its crystal-clear waters and extensive golden sands • Condominium: Well-maintained, with an elevator and 24-hour security, offering tranquility and comfort to residents • Proximity: Close to all essential amenities, such as restaurants, cafes, supermarkets, shops, and public transport, ensuring a practical and convenient lifestyle **Benefits** • Quality of Life: Live just a few steps from the beach and enjoy a healthy and relaxed lifestyle, with opportunities for seaside walks and sunbathing whenever you wish • Safe Investment: Excellent opportunity for holiday rentals or for personal residence, given the high tourist demand in the region - Condominium Fee: €96.00 - Property Tax (IMI): €332.00 Don’t miss the opportunity and be amazed! #ref: 123912
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Property on Map

#123912

Currency Exchange

Portimão, 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 €225,000 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
€225,000 £186,370 £193,376 £7,007
Property Price € €225,000
Minimum cost in the last six months £186,370
Maximum cost in the last six months £193,376
Fluctuating exchange rates over the last six months could have increased the cost of this property by £7,007

Portimão, 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 €225,000 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
€225,000 £186,370 £193,376 £7,007
Property Price € €225,000
Minimum cost in the last six months £186,370
Maximum cost in the last six months £193,376
Fluctuating exchange rates over the last six months could have increased the cost of this property by £7,007

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 £7,007 more.

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