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Detached House to Renovate in Olhão with Well and Tank Unique Opportunity
Olhão, Faro, Portugal, 8700-132
REF: 887714
€250,000
Description
This villa offers an unmissable opportunity for those looking for a property with great potential for appreciation. Located just a few kilometres from the stunning Ria Formosa and in a prime location next to the EN125, this property with a total area of 4982m of land and 285m of covered area has unique features that make it an excellent investment. The villa consists of two adjoining homes and a large courtyard area, where there are several buildings that can be restored and adapted to your needs, whether for housing, rural tourism or other types of use. The presence of a well and a tank are an additional resource, offering the possibility of using it for agriculture or other projects. Whether to create your dream home or to develop a renovation project, this villa offers unlimited potential, with the tranquility of the countryside, but within walking distance of all the amenities and natural beauty of the Ria Formosa. If you are curious and would like to know more details about this property, get in touch with me and let's talk! Information At KW Flash we provide support in the financing process. Our agency has a Credit Intermediary Authorized by the Bank of Portugal. If you need financing, we can help. At KW Flash we share 50% of our business with all real estate consultants or agencies with an AMI license because together we can do more for our clients. If you are a professional in the sector and have a qualified client, contact me and schedule a visit, as this property is exclusively available to provide you with an excellent service. Did you like the presentation we made of this property? We can do the same for yours! For more information, contact me on 937 918 829 or email [email protected]
This villa offers an unmissable opportunity for those looking for a property with great potential for appreciation. Located just a few kilometres from the stunning Ria Formosa and in a prime location next to the EN125, this property with a total area of 4982m of land and 285m of covered area has unique features that make it an excellent investment. The villa consists of two adjoining homes and a large courtyard area, where there are several buildings that can be restored and adapted to your needs, whether for housing, rural tourism or other types of use. The presence of a well and a tank are an additional resource, offering the possibility of using it for agriculture or other projects. Whether to create your dream home or to develop a renovation project, this villa offers unlimited potential, with the tranquility of the countryside, but within walking distance of all the amenities and natural beauty of the Ria Formosa. If you are curious and would like to know more details about this property, get in touch with me and let's talk! Information At KW Flash we provide support in the financing process. Our agency has a Credit Intermediary Authorized by the Bank of Portugal. If you need financing, we can help. At KW Flash we share 50% of our business with all real estate consultants or agencies with an AMI license because together we can do more for our clients. If you are a professional in the sector and have a qualified client, contact me and schedule a visit, as this property is exclusively available to provide you with an excellent service. Did you like the presentation we made of this property? We can do the same for yours! For more information, contact me on 937 918 829 or email [email protected]
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Currency Exchange
Olhão, Faro, Portugal, 8700-132
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 €250,000 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 |
|---|---|---|---|
| €250,000 | £207,078 | £214,863 | £7,785 |
| Property Price € | €250,000 |
| Minimum cost in the last six months | £207,078 |
| Maximum cost in the last six months | £214,863 |
| Fluctuating exchange rates over the last six months could have increased the cost of this property by | £7,785 |
Olhão, Faro, Portugal, 8700-132
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 €250,000 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 |
|---|---|---|---|
| €250,000 | £207,078 | £214,863 | £7,785 |
| Property Price € | €250,000 |
| Minimum cost in the last six months | £207,078 |
| Maximum cost in the last six months | £214,863 |
| Fluctuating exchange rates over the last six months could have increased the cost of this property by | £7,785 |
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 £7,785 more.
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