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Old House to Rebuild with Land
Loulé, Faro, Portugal, 8100-053
REF: 890484
€247,000
Description
This farm within the countryside, offers an opportunity to customise and renovate, allowing the creation of a dream home, surrounded by the pleasant Algarve Mountains and the region's rich cultural heritage. The large internal space of the house gives the possibility to create an environment that meets the functional needs of the modern times, reflecting new trends and lifestyles but without compromising traditional architecture, as many of its elements are still well preserved, such as the beautiful marbled facade (escaiola), the walls made of local stone, stonework frames, the typical Algarve chimney and the wooden main door, etc. The house has high ceilings and good light due to its orientation.
At the front of the house there is a patio with some fruit trees, the land is located mostly at the back of the house, it is a perfect setting for those looking for tranquility and contact with nature, with a gentle slope overlooking the views of the fantastic landscape, away from the hustle and bustle of the main roads, it provides a serene environment.
The easy access via tarmac road in good condition is an important detail, indicating that the place is not only pleasant, but also accessible. Without a doubt an ideal place to create a private retreat, where you can enjoy the best that the countryside can offer.
The property, reference 1009-2359 is right across the lane and could be a purchase option to add more area.
This farm within the countryside, offers an opportunity to customise and renovate, allowing the creation of a dream home, surrounded by the pleasant Algarve Mountains and the region's rich cultural heritage. The large internal space of the house gives the possibility to create an environment that meets the functional needs of the modern times, reflecting new trends and lifestyles but without compromising traditional architecture, as many of its elements are still well preserved, such as the beautiful marbled facade (escaiola), the walls made of local stone, stonework frames, the typical Algarve chimney and the wooden main door, etc. The house has high ceilings and good light due to its orientation.
At the front of the house there is a patio with some fruit trees, the land is located mostly at the back of the house, it is a perfect setting for those looking for tranquility and contact with nature, with a gentle slope overlooking the views of the fantastic landscape, away from the hustle and bustle of the main roads, it provides a serene environment.
The easy access via tarmac road in good condition is an important detail, indicating that the place is not only pleasant, but also accessible. Without a doubt an ideal place to create a private retreat, where you can enjoy the best that the countryside can offer.
The property, reference 1009-2359 is right across the lane and could be a purchase option to add more area.
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Currency Exchange
Loulé, Faro, Portugal, 8100-053
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 €247,000 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 |
|---|---|---|---|
| €247,000 | £205,418 | £212,573 | £7,156 |
| Property Price € | €247,000 |
| Minimum cost in the last six months | £205,418 |
| Maximum cost in the last six months | £212,573 |
| Fluctuating exchange rates over the last six months could have increased the cost of this property by | £7,156 |
Loulé, Faro, Portugal, 8100-053
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 €247,000 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 |
|---|---|---|---|
| €247,000 | £205,418 | £212,573 | £7,156 |
| Property Price € | €247,000 |
| Minimum cost in the last six months | £205,418 |
| Maximum cost in the last six months | £212,573 |
| Fluctuating exchange rates over the last six months could have increased the cost of this property by | £7,156 |
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 £7,156 more.
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