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Ruin to be restored with the possibility of expansion, 2
São Brás de Alportel, Faro, Portugal
REF: 867111
€75,000
Description
Ruin to be restored with the possibility of expansion, 2.5 km from São Brás de Alportel and panoramic views to the south in a quiet place. This ruin has a panoramic view over the countryside. The ruin has 128 m2 of gross area and is located on a plot of land measuring 879 m2 with fig, olive, carob and cork oak trees. It is semi-detached with a house that has already been restored. The extension can be done from the front of the property. Access can be made to the land belonging to the house, where a garage and even a small garden can be built. It has sewage and mains water very close by and previously had electricity. The ruin has 5 rooms, a T2 could be built with 2 bathrooms and an open space kitchen. It is 5 minutes from the center of the small village of São Brás de Alportel, where you will find all the facilities for your daily life, such as schools, banks, supermarkets and commerce in general. It can be restored for private housing, or for investment. Don't miss the opportunity to schedule a visit with me. São Brás de Alportel is a charming village located in the heart of the Algarve, southern region of Portugal. Nestled between rolling hills and lush green fields, this picturesque locality is known for its tranquil ambiance and rich cultural heritage. This picturesque village is famous for its history linked to cork production, with several factories and museums dedicated to this important sector. Feira da Serra, an annual event that celebrates local culture, cuisine and artisanal traditions, attracts visitors from across the region. #ref: 124469
Ruin to be restored with the possibility of expansion, 2.5 km from São Brás de Alportel and panoramic views to the south in a quiet place. This ruin has a panoramic view over the countryside. The ruin has 128 m2 of gross area and is located on a plot of land measuring 879 m2 with fig, olive, carob and cork oak trees. It is semi-detached with a house that has already been restored. The extension can be done from the front of the property. Access can be made to the land belonging to the house, where a garage and even a small garden can be built. It has sewage and mains water very close by and previously had electricity. The ruin has 5 rooms, a T2 could be built with 2 bathrooms and an open space kitchen. It is 5 minutes from the center of the small village of São Brás de Alportel, where you will find all the facilities for your daily life, such as schools, banks, supermarkets and commerce in general. It can be restored for private housing, or for investment. Don't miss the opportunity to schedule a visit with me. São Brás de Alportel is a charming village located in the heart of the Algarve, southern region of Portugal. Nestled between rolling hills and lush green fields, this picturesque locality is known for its tranquil ambiance and rich cultural heritage. This picturesque village is famous for its history linked to cork production, with several factories and museums dedicated to this important sector. Feira da Serra, an annual event that celebrates local culture, cuisine and artisanal traditions, attracts visitors from across the region. #ref: 124469
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Currency Exchange
São Brás de Alportel, 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 €75,000 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 |
|---|---|---|---|
| €75,000 | £62,123 | £64,459 | £2,336 |
| Property Price € | €75,000 |
| Minimum cost in the last six months | £62,123 |
| Maximum cost in the last six months | £64,459 |
| Fluctuating exchange rates over the last six months could have increased the cost of this property by | £2,336 |
São Brás de Alportel, 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 €75,000 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 |
|---|---|---|---|
| €75,000 | £62,123 | £64,459 | £2,336 |
| Property Price € | €75,000 |
| Minimum cost in the last six months | £62,123 |
| Maximum cost in the last six months | £64,459 |
| Fluctuating exchange rates over the last six months could have increased the cost of this property by | £2,336 |
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 £2,336 more.
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