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Dream Home Opportunity in Ferragudo, Algarve! Are you ready to invest in a piece of paradise? Discover a fantastic opportunity to own a charming house in the heart of Ferragudo, a picturesque fishing village in the stunning Algarve region of Portugal
Lagoa (Algarve), Faro, Portugal
REF: 867126
€590,000
Description
Dream Home Opportunity in Ferragudo, Algarve! Are you ready to invest in a piece of paradise? Discover a fantastic opportunity to own a charming house in the heart of Ferragudo, a picturesque fishing village in the stunning Algarve region of Portugal. Property Highlights: Location: Ferragudo, Lagoa Bedrooms: 3 Bathrooms: 2 Useful Area: 339 m² Gross Private Area: 155 m² Land Area: 508 m² Why Ferragudo? Ferragudo is known for its captivating beauty, tranquil beaches, and vibrant community. Imagine strolling through cobbled streets lined with quaint shops and delightful restaurants serving the freshest seafood. With excellent schools and a welcoming atmosphere, it's the perfect place for families, retirees, or anyone seeking a serene coastal lifestyle. Here’s why it’s an ideal location for your next home: Rich History: Ferragudo retains the charm of its traditional fishing village roots, with historic architecture and cultural landmarks that tell the story of its past. Excellent Schools: The area boasts quality educational institutions, making it a perfect place for families to settle down. Recreation: Enjoy outdoor activities like fishing, boating, and beach lounging. The nearby beaches are pristine and offer stunning views of the Atlantic. Dining & Shopping: Delight in quaint shops and delightful restaurants serving the freshest seafood and local delicacies. Local Transport: Convenient transport links make it easy to explore the Algarve. Ferragudo is well-connected by road and public transport. Proximity to Nearby Towns: Just a short drive away, you'll find the bustling city of Portimão, known for its shopping, dining, and entertainment options. This house, though in need of renovations, holds incredible potential. Various renovation plans are already in place, giving you a head start on transforming this gem into your dream home. Whether you're envisioning a cozy year-round residence, a delightful holiday retreat, or a lucrative investment property, this house offers a multitude of possibilities. With the potential to create apartments, you can also earn rental income and make your investment work for you. Seize this opportunity to become a part of the Ferragudo community and enjoy the best of Algarve living. Don't miss out on making this dream a reality! Contact us today to learn more and schedule a viewing. Your future in beautiful Ferragudo awaits! #ref: 122941
Dream Home Opportunity in Ferragudo, Algarve! Are you ready to invest in a piece of paradise? Discover a fantastic opportunity to own a charming house in the heart of Ferragudo, a picturesque fishing village in the stunning Algarve region of Portugal. Property Highlights: Location: Ferragudo, Lagoa Bedrooms: 3 Bathrooms: 2 Useful Area: 339 m² Gross Private Area: 155 m² Land Area: 508 m² Why Ferragudo? Ferragudo is known for its captivating beauty, tranquil beaches, and vibrant community. Imagine strolling through cobbled streets lined with quaint shops and delightful restaurants serving the freshest seafood. With excellent schools and a welcoming atmosphere, it's the perfect place for families, retirees, or anyone seeking a serene coastal lifestyle. Here’s why it’s an ideal location for your next home: Rich History: Ferragudo retains the charm of its traditional fishing village roots, with historic architecture and cultural landmarks that tell the story of its past. Excellent Schools: The area boasts quality educational institutions, making it a perfect place for families to settle down. Recreation: Enjoy outdoor activities like fishing, boating, and beach lounging. The nearby beaches are pristine and offer stunning views of the Atlantic. Dining & Shopping: Delight in quaint shops and delightful restaurants serving the freshest seafood and local delicacies. Local Transport: Convenient transport links make it easy to explore the Algarve. Ferragudo is well-connected by road and public transport. Proximity to Nearby Towns: Just a short drive away, you'll find the bustling city of Portimão, known for its shopping, dining, and entertainment options. This house, though in need of renovations, holds incredible potential. Various renovation plans are already in place, giving you a head start on transforming this gem into your dream home. Whether you're envisioning a cozy year-round residence, a delightful holiday retreat, or a lucrative investment property, this house offers a multitude of possibilities. With the potential to create apartments, you can also earn rental income and make your investment work for you. Seize this opportunity to become a part of the Ferragudo community and enjoy the best of Algarve living. Don't miss out on making this dream a reality! Contact us today to learn more and schedule a viewing. Your future in beautiful Ferragudo awaits! #ref: 122941
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Currency Exchange
Lagoa (Algarve), 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 €590,000 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 |
|---|---|---|---|
| €590,000 | £488,703 | £507,076 | £18,373 |
| Property Price € | €590,000 |
| Minimum cost in the last six months | £488,703 |
| Maximum cost in the last six months | £507,076 |
| Fluctuating exchange rates over the last six months could have increased the cost of this property by | £18,373 |
Lagoa (Algarve), 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 €590,000 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 |
|---|---|---|---|
| €590,000 | £488,703 | £507,076 | £18,373 |
| Property Price € | €590,000 |
| Minimum cost in the last six months | £488,703 |
| Maximum cost in the last six months | £507,076 |
| Fluctuating exchange rates over the last six months could have increased the cost of this property by | £18,373 |
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 £18,373 more.
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