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Historic 5+2 Bedroom Home with Patio and private Pool in Lagoa
Lagoa, Faro, Portugal, 8400-355
REF: 876400
€1,350,000
Description
This hidden gem in Lagoa, a former wine warehouse, features 5+2 bedrooms, large rooms, and unique curved wooden window frames. The property has an amazing patio with private pool, two terraces, and panoramic city views. Though it needs some modernisation, it offers immense potential.
This extraordinary property in Lagoa is a true hidden gem, combining historical charm with the potential for modern transformation. Originally a wine warehouse, the house retains distinctive features like beautiful curved wooden window frames and expansive rooms that exude character. The home offers 5+2 bedrooms and three bathrooms, including two en-suites, spread across a spacious layout that€™s perfect for family living or entertaining guests.
On the ground floor, you'll find a vast lounge area, an equipped kitchen, and a stunning patio featuring a private pool. The pool is surrounded by lush, flowering climbing plants that create a serene, natural atmosphere and extend up to the first-floor terrace€”ideal for outdoor dining or relaxation. The property also includes an additional roof terrace with views over the charming city of Lagoa. While the house is full of unique features, it does require some modernization, presenting a rare opportunity to own and personalize a piece of Lagoa's rich history.
This hidden gem in Lagoa, a former wine warehouse, features 5+2 bedrooms, large rooms, and unique curved wooden window frames. The property has an amazing patio with private pool, two terraces, and panoramic city views. Though it needs some modernisation, it offers immense potential.
This extraordinary property in Lagoa is a true hidden gem, combining historical charm with the potential for modern transformation. Originally a wine warehouse, the house retains distinctive features like beautiful curved wooden window frames and expansive rooms that exude character. The home offers 5+2 bedrooms and three bathrooms, including two en-suites, spread across a spacious layout that€™s perfect for family living or entertaining guests.
On the ground floor, you'll find a vast lounge area, an equipped kitchen, and a stunning patio featuring a private pool. The pool is surrounded by lush, flowering climbing plants that create a serene, natural atmosphere and extend up to the first-floor terrace€”ideal for outdoor dining or relaxation. The property also includes an additional roof terrace with views over the charming city of Lagoa. While the house is full of unique features, it does require some modernization, presenting a rare opportunity to own and personalize a piece of Lagoa's rich history.
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Currency Exchange
Lagoa, Faro, Portugal, 8400-355
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 €1,350,000 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 |
|---|---|---|---|
| €1,350,000 | £1,133,082 | £1,164,456 | £31,374 |
| Property Price € | €1,350,000 |
| Minimum cost in the last six months | £1,133,082 |
| Maximum cost in the last six months | £1,164,456 |
| Fluctuating exchange rates over the last six months could have increased the cost of this property by | £31,374 |
Lagoa, Faro, Portugal, 8400-355
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 €1,350,000 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 |
|---|---|---|---|
| €1,350,000 | £1,133,082 | £1,164,456 | £31,374 |
| Property Price € | €1,350,000 |
| Minimum cost in the last six months | £1,133,082 |
| Maximum cost in the last six months | £1,164,456 |
| Fluctuating exchange rates over the last six months could have increased the cost of this property by | £31,374 |
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 £31,374 more.
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