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Discover the amazing opportunity of owning two charming connected apartments in the heart of the picturesque village of Alvor
Portimão, Faro, Portugal
REF: 867447
€270,000
Description
Discover the amazing opportunity of owning two charming connected apartments in the heart of the picturesque village of Alvor. This unique property in need of a total renovation, is just steps from the serene riverside, offers easy access to a vibrant array of amenities, including delightful restaurants, trendy shops, and lively bars. Perfectly poised for renovation, this gem can be combined into one big property or separated into two which presents an excellent investment for generating healthy rental income or a cozy residence to call home. With eligibility for an AL license, you can seamlessly join the short-term rental market without any legal hurdles. Previously approved architectural plans available and transferable, feature a spacious backyard designed for a refreshing pool—ideal for relaxation and entertainment. Step inside to find a welcoming large living room that flows into an impressively spacious kitchen complete with a pantry and a convenient bathroom. The kitchen provides direct access to the expansive backyard, perfect for enjoying the sun. Upstairs, you'll discover three comfortable bedrooms and another bathroom, along with additional access to the backyard. Don’t miss your chance to transform this property into your dream home or a lucrative rental—schedule a viewing today! #ref: 123424
Discover the amazing opportunity of owning two charming connected apartments in the heart of the picturesque village of Alvor. This unique property in need of a total renovation, is just steps from the serene riverside, offers easy access to a vibrant array of amenities, including delightful restaurants, trendy shops, and lively bars. Perfectly poised for renovation, this gem can be combined into one big property or separated into two which presents an excellent investment for generating healthy rental income or a cozy residence to call home. With eligibility for an AL license, you can seamlessly join the short-term rental market without any legal hurdles. Previously approved architectural plans available and transferable, feature a spacious backyard designed for a refreshing pool—ideal for relaxation and entertainment. Step inside to find a welcoming large living room that flows into an impressively spacious kitchen complete with a pantry and a convenient bathroom. The kitchen provides direct access to the expansive backyard, perfect for enjoying the sun. Upstairs, you'll discover three comfortable bedrooms and another bathroom, along with additional access to the backyard. Don’t miss your chance to transform this property into your dream home or a lucrative rental—schedule a viewing today! #ref: 123424
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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 €270,000 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 |
|---|---|---|---|
| €270,000 | £226,616 | £232,891 | £6,275 |
| Property Price € | €270,000 |
| Minimum cost in the last six months | £226,616 |
| Maximum cost in the last six months | £232,891 |
| Fluctuating exchange rates over the last six months could have increased the cost of this property by | £6,275 |
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 €270,000 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 |
|---|---|---|---|
| €270,000 | £226,616 | £232,891 | £6,275 |
| Property Price € | €270,000 |
| Minimum cost in the last six months | £226,616 |
| Maximum cost in the last six months | £232,891 |
| Fluctuating exchange rates over the last six months could have increased the cost of this property by | £6,275 |
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 £6,275 more.
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