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Villa in Caldas de Monchique with Swimming Pool
Monchique, Faro, Portugal, 8550-232
REF: 885223
€849,000
Description
Modern single-family house of Type T3, located in the middle of the Algarve Mountains in Caldas de Monchique. It was built in 2020 with high quality finishes and prepared to live in comfort, safety, and low maintenance costs. The interior is prepared for winter, electric underfloor heating in the bathrooms, radiators throughout, fireplace with stove. Its exterior for the summer with a magnificent swimming pool, spacious terrace with barbecue, pebble garden, and various fruit trees. Central heating system. Equipped with alarm, sound and video surveillance system. And with the convenience of mains electricity, water and drainage, solar panels for hot water. Security doors. The house consists of three floors, on the ground floor a double garage with automatic gates for four vehicles or more, a storage room, and fully paved outdoor parking. On the first floor there is a hall, office, toilet, open plan room with space for two living rooms, dining room with fireplace, open space modern design kitchen fully equipped with pantry. On the second floor, it has three spacious bedrooms with private bathrooms, custom furnished, large double-glazed windows, electric shutters, exits to balconies and terraces with views of the pool and countryside. Outside, there is a swimming pool and a spacious terrace with a barbecue area, and a beautiful landscaped garden with hedges, pebbles, lighting and various fruit trees.
Modern single-family house of Type T3, located in the middle of the Algarve Mountains in Caldas de Monchique. It was built in 2020 with high quality finishes and prepared to live in comfort, safety, and low maintenance costs. The interior is prepared for winter, electric underfloor heating in the bathrooms, radiators throughout, fireplace with stove. Its exterior for the summer with a magnificent swimming pool, spacious terrace with barbecue, pebble garden, and various fruit trees. Central heating system. Equipped with alarm, sound and video surveillance system. And with the convenience of mains electricity, water and drainage, solar panels for hot water. Security doors. The house consists of three floors, on the ground floor a double garage with automatic gates for four vehicles or more, a storage room, and fully paved outdoor parking. On the first floor there is a hall, office, toilet, open plan room with space for two living rooms, dining room with fireplace, open space modern design kitchen fully equipped with pantry. On the second floor, it has three spacious bedrooms with private bathrooms, custom furnished, large double-glazed windows, electric shutters, exits to balconies and terraces with views of the pool and countryside. Outside, there is a swimming pool and a spacious terrace with a barbecue area, and a beautiful landscaped garden with hedges, pebbles, lighting and various fruit trees.
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Currency Exchange
Monchique, Faro, Portugal, 8550-232
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 €849,000 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 |
|---|---|---|---|
| €849,000 | £703,235 | £729,673 | £26,438 |
| Property Price € | €849,000 |
| Minimum cost in the last six months | £703,235 |
| Maximum cost in the last six months | £729,673 |
| Fluctuating exchange rates over the last six months could have increased the cost of this property by | £26,438 |
Monchique, Faro, Portugal, 8550-232
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 €849,000 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 |
|---|---|---|---|
| €849,000 | £703,235 | £729,673 | £26,438 |
| Property Price € | €849,000 |
| Minimum cost in the last six months | £703,235 |
| Maximum cost in the last six months | £729,673 |
| Fluctuating exchange rates over the last six months could have increased the cost of this property by | £26,438 |
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 £26,438 more.
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