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Unique investment opportunity in Cerro de Aguia with beautiful ocean views
Albufeira, Faro, Portugal, 8200
REF: 886731
€2,500,000
Description
Built in the 1960s, this spacious residence boasts expansive rooms and unparalleled views of the azure sea, providing the perfect canvas for your dream coastal retreat. Conveniently located close to amenities and within easy reach of the region's finest attractions, this property offers the perfect balance of seclusion and accessibility, whether you're seeking a serene retreat or a lucrative investment opportunity. Introducing an exceptional opportunity nestled in the exclusive area of Cerro de Aguia, this cliff-top property overlooks the marina and goes out to the sea.
Once a stunning character five-bedroom villa, it now offers an idyllic blend of vintage charm and potential for transformation. Built in the 1960s, this spacious residence boasts expansive rooms and unparalleled views of the azure sea, providing the perfect canvas for your dream coastal retreat. One of the most captivating features of this property is its breathtaking panoramic ocean view that can be enjoyed from various vantage points throughout the home.
Upon entering, you'll be greeted by the grandeur of the era, with generously proportioned living spaces that evoke a sense of timeless elegance.
While the villa retains much of its original charm, renovation would transform the property in any way a new owner wishes. With its solid foundation and classic architectural elements, the potential for transformation is limited only by one's imagination.
Situated on a plot of 6,783 sm2, the property offers space for expansion and development to over 3000 m2, further enhancing this remarkable estate's value and versatility.
Conveniently located close to amenities and within easy reach of the region's finest attractions and beaches, this property offers the perfect balance of seclusion and accessibility, whether seeking a serene retreat or a lucrative investment opportunity.
Built in the 1960s, this spacious residence boasts expansive rooms and unparalleled views of the azure sea, providing the perfect canvas for your dream coastal retreat. Conveniently located close to amenities and within easy reach of the region's finest attractions, this property offers the perfect balance of seclusion and accessibility, whether you're seeking a serene retreat or a lucrative investment opportunity. Introducing an exceptional opportunity nestled in the exclusive area of Cerro de Aguia, this cliff-top property overlooks the marina and goes out to the sea.
Once a stunning character five-bedroom villa, it now offers an idyllic blend of vintage charm and potential for transformation. Built in the 1960s, this spacious residence boasts expansive rooms and unparalleled views of the azure sea, providing the perfect canvas for your dream coastal retreat. One of the most captivating features of this property is its breathtaking panoramic ocean view that can be enjoyed from various vantage points throughout the home.
Upon entering, you'll be greeted by the grandeur of the era, with generously proportioned living spaces that evoke a sense of timeless elegance.
While the villa retains much of its original charm, renovation would transform the property in any way a new owner wishes. With its solid foundation and classic architectural elements, the potential for transformation is limited only by one's imagination.
Situated on a plot of 6,783 sm2, the property offers space for expansion and development to over 3000 m2, further enhancing this remarkable estate's value and versatility.
Conveniently located close to amenities and within easy reach of the region's finest attractions and beaches, this property offers the perfect balance of seclusion and accessibility, whether seeking a serene retreat or a lucrative investment opportunity.
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Currency Exchange
Albufeira, Faro, Portugal, 8200
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 €2,500,000 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 |
|---|---|---|---|
| €2,500,000 | £2,059,750 | £2,148,625 | £88,875 |
| Property Price € | €2,500,000 |
| Minimum cost in the last six months | £2,059,750 |
| Maximum cost in the last six months | £2,148,625 |
| Fluctuating exchange rates over the last six months could have increased the cost of this property by | £88,875 |
Albufeira, Faro, Portugal, 8200
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 €2,500,000 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 |
|---|---|---|---|
| €2,500,000 | £2,059,750 | £2,148,625 | £88,875 |
| Property Price € | €2,500,000 |
| Minimum cost in the last six months | £2,059,750 |
| Maximum cost in the last six months | £2,148,625 |
| Fluctuating exchange rates over the last six months could have increased the cost of this property by | £88,875 |
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 £88,875 more.
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