Ground floor apartment with three bedrooms in the city center of Olhão

Olhão, Faro, Portugal

For Sale

€225,000

REF: 880660 €225,000


3

2

145 m2

50 m2

Description

Ground floor apartment with three bedrooms in the city center of Olhão. Very well located, near the Ria Shopping center and Dr. Francisco Fernandes Lopes Secondary School, this central area is highly sought after for investment or for personal residence. With a private gross area of 88.30m² and a total area of 145m², this apartment consists of three bedrooms, one with a built-in wardrobe, a WC converted into a storage room with plenty of space, a bathroom with a shower, an open-plan kitchen and living room, a sunroom balcony, and a fantastic 50m² patio! This apartment stands out for its fantastic and sunny patio and its privileged location near the Ria Shopping center.

It is on the ground floor of a building constructed in 1979 and has a south/north solar orientation. Condominium fee: €26 per month; Property tax (IMI): €186 per year. Approximate areas: Hall: 4.5m²; Kitchen: 8.5m²; Living room: 12m²; Bedroom: 13m²; Bedroom: 15.5m²; Bedroom with built-in wardrobe: 13.5m²; Bathroom: 5m²; Storage room: 1.5m²; Patio: 50m².

The municipality of Olhão has been growing steadily as it is located in the center of the Algarve, near Gago Coutinho International Airport and Faro District Hospital. Here, you can enjoy the best restaurants on the Algarve coast with views of the famous islands of Armona, Culatra, and Farol. Don't forget the Ria Formosa Natural Park, where flora and fauna enthusiasts can enjoy bike rides or walks with family and take advantage of the best nature has to offer.

Contact me for more information or to schedule a visit! About iad: Founded in France in 2008 and in Portugal in 2015, iad was born from an innovative model that extends the traditional real estate agency concept, promoting a close relationship between the consultant and the client. The success of the iad group is reflected in thousands of consultants, online properties, and completed transactions.

iad is a network of independent real estate consultants based on a fully innovative model that breaks with the traditional real estate agency concept. What does the 21st-century client seek when deciding to buy, rent, or sell a property? They look for a complete, simple, and competitive service. That's what we offer at iad.

Our consultants come to you, with access to the latest industry training and an exclusive platform of tools that allow them to provide you with the best service wherever you are. We give our consultants the flexibility and autonomy necessary to guarantee you personalized support in achieving your project, whether it's buying, renting, or selling a property.

At iad, you’ll find a real estate consultant tailored to your needs. iad is a digital and dynamic real estate agency based on professionalism and transparency. As an independent real estate consultant, I have the autonomy to manage my schedule, ensuring you personalized support at every stage of the process and providing quality service at the best price. At iad, we share 50/50 with all agencies. #ref: 126181
Ground floor apartment with three bedrooms in the city center of Olhão. Very well located, near the Ria Shopping center and Dr. Francisco Fernandes Lopes Secondary School, this central area is highly sought after for investment or for personal residence. With a private gross area of 88.30m² and a total area of 145m², this apartment consists of three bedrooms, one with a built-in wardrobe, a WC converted into a storage room with plenty of space, a bathroom with a shower, an open-plan kitchen and living room, a sunroom balcony, and a fantastic 50m² patio! This apartment stands out for its fantastic and sunny patio and its privileged location near the Ria Shopping center.

It is on the ground floor of a building constructed in 1979 and has a south/north solar orientation. Condominium fee: €26 per month; Property tax (IMI): €186 per year. Approximate areas: Hall: 4.5m²; Kitchen: 8.5m²; Living room: 12m²; Bedroom: 13m²; Bedroom: 15.5m²; Bedroom with built-in wardrobe: 13.5m²; Bathroom: 5m²; Storage room: 1.5m²; Patio: 50m².

The municipality of Olhão has been growing steadily as it is located in the center of the Algarve, near Gago Coutinho International Airport and Faro District Hospital. Here, you can enjoy the best restaurants on the Algarve coast with views of the famous islands of Armona, Culatra, and Farol. Don't forget the Ria Formosa Natural Park, where flora and fauna enthusiasts can enjoy bike rides or walks with family and take advantage of the best nature has to offer.

Contact me for more information or to schedule a visit! About iad: Founded in France in 2008 and in Portugal in 2015, iad was born from an innovative model that extends the traditional real estate agency concept, promoting a close relationship between the consultant and the client. The success of the iad group is reflected in thousands of consultants, online properties, and completed transactions.

iad is a network of independent real estate consultants based on a fully innovative model that breaks with the traditional real estate agency concept. What does the 21st-century client seek when deciding to buy, rent, or sell a property? They look for a complete, simple, and competitive service. That's what we offer at iad.

Our consultants come to you, with access to the latest industry training and an exclusive platform of tools that allow them to provide you with the best service wherever you are. We give our consultants the flexibility and autonomy necessary to guarantee you personalized support in achieving your project, whether it's buying, renting, or selling a property.

At iad, you’ll find a real estate consultant tailored to your needs. iad is a digital and dynamic real estate agency based on professionalism and transparency. As an independent real estate consultant, I have the autonomy to manage my schedule, ensuring you personalized support at every stage of the process and providing quality service at the best price. At iad, we share 50/50 with all agencies. #ref: 126181
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Property on Map

#126181

Currency Exchange

Olhão, 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

Olhão, 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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