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Villa to renovate in Vale del Rei, Lagoa, Algarve for sale
Lagoa, Portugal
REF: 890565
€1,200,000
Description
Property with project - This traditional 3-bedroom villa is located in the quiet area of Carvoeiro, near Caramujeira Beach. Set in spacious grounds with lush gardens, this south-west facing property offers a serene retreat - a wonderfully peaceful location while enjoying the coolness of a large private pool. The property is only 2 kilometres by car from the NOBEL International School and 4.5 kilometres from the German School. Just 3.2 km north of the stunning Praia da Marinha beach. 6 km from the picturesque village of Carvoeiro. Close to golf: 4.5 km from the Vale de Milho golf course and 8 km from the Pestana Gramacho and Pestana Vale da Pinta golf courses. Faro International Airport is 55 km away (40 minutes by car). The property can be lived in as is, but has immense potential with approved plans for a significant extension project, increasing the living space to approximately 600 m . This transformation envisages turning the house into a substantial family home. The renovation would provide a unique opportunity to redesign and update the property to your personal taste and standards. Possibilities: Whether you prefer a smaller renovation, a medium alteration project or a larger extension, the plots offer the freedom to create a bespoke home tailored to your needs and preferences. This price is for existing house and project, excluding any costs for a new construction.
Property with project - This traditional 3-bedroom villa is located in the quiet area of Carvoeiro, near Caramujeira Beach. Set in spacious grounds with lush gardens, this south-west facing property offers a serene retreat - a wonderfully peaceful location while enjoying the coolness of a large private pool. The property is only 2 kilometres by car from the NOBEL International School and 4.5 kilometres from the German School. Just 3.2 km north of the stunning Praia da Marinha beach. 6 km from the picturesque village of Carvoeiro. Close to golf: 4.5 km from the Vale de Milho golf course and 8 km from the Pestana Gramacho and Pestana Vale da Pinta golf courses. Faro International Airport is 55 km away (40 minutes by car). The property can be lived in as is, but has immense potential with approved plans for a significant extension project, increasing the living space to approximately 600 m . This transformation envisages turning the house into a substantial family home. The renovation would provide a unique opportunity to redesign and update the property to your personal taste and standards. Possibilities: Whether you prefer a smaller renovation, a medium alteration project or a larger extension, the plots offer the freedom to create a bespoke home tailored to your needs and preferences. This price is for existing house and project, excluding any costs for a new construction.
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Currency Exchange
Lagoa, 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 €1,200,000 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 |
|---|---|---|---|
| €1,200,000 | £993,972 | £1,031,340 | £37,368 |
| Property Price € | €1,200,000 |
| Minimum cost in the last six months | £993,972 |
| Maximum cost in the last six months | £1,031,340 |
| Fluctuating exchange rates over the last six months could have increased the cost of this property by | £37,368 |
Lagoa, 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 €1,200,000 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 |
|---|---|---|---|
| €1,200,000 | £993,972 | £1,031,340 | £37,368 |
| Property Price € | €1,200,000 |
| Minimum cost in the last six months | £993,972 |
| Maximum cost in the last six months | £1,031,340 |
| Fluctuating exchange rates over the last six months could have increased the cost of this property by | £37,368 |
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 £37,368 more.
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