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Buy investment property with big plot of land and 2 houses with panoramic views to Silves castle
Silves, Portugal
REF: 891672
€1,990,000
Description
Nestled on a serene hilltop, this enchanting property offers a breathtaking panoramic view of the historic town of Silves and its iconic castle. The large plot has 2 houses on it which can be renovated. The large villa is located at the front of the plot and has a panoramic view towards the villas of Silves & the castle. The 'concierge' property sits a bit further higher up on the plot and also enjoys nice views over the orchard and silves village. Strategically located for convenience, this property boasts excellent access to both Lagoa and Silves, making it an ideal spot for those who appreciate peace and tranquility while remaining within easy reach of local amenities. The surrounding area is characterized by rolling hills, lush landscapes, and a friendly community atmosphere, ensuring a perfect blend of rural charm and accessibility. Property Features Hilltop Position: Elevated above Silves, the property offers stunning views of the town and its majestic castle, particularly magical at sunset. Old Orchard: Spanning a generous area, the property includes an old orchard featuring a diverse range of mature fruit trees. Imagine waking up to the sight of blooming blossoms in spring and harvesting fresh fruits in the summer. Renovation Potential: The site is home to two derelict buildings, each with its own unique character. These structures present an incredible opportunity for renovation. Whether you envision a cozy home, a rustic guesthouse, or a vibrant retreat, the canvas is yours to transform. Accessibility: The property is easily reachable via well-maintained roads from both Lagoa and Silves, ensuring effortless travel to local shops, restaurants, and attractions. Development option for tourism and other business have not yet been explored but the land would be very suitable for a tourism project
Nestled on a serene hilltop, this enchanting property offers a breathtaking panoramic view of the historic town of Silves and its iconic castle. The large plot has 2 houses on it which can be renovated. The large villa is located at the front of the plot and has a panoramic view towards the villas of Silves & the castle. The 'concierge' property sits a bit further higher up on the plot and also enjoys nice views over the orchard and silves village. Strategically located for convenience, this property boasts excellent access to both Lagoa and Silves, making it an ideal spot for those who appreciate peace and tranquility while remaining within easy reach of local amenities. The surrounding area is characterized by rolling hills, lush landscapes, and a friendly community atmosphere, ensuring a perfect blend of rural charm and accessibility. Property Features Hilltop Position: Elevated above Silves, the property offers stunning views of the town and its majestic castle, particularly magical at sunset. Old Orchard: Spanning a generous area, the property includes an old orchard featuring a diverse range of mature fruit trees. Imagine waking up to the sight of blooming blossoms in spring and harvesting fresh fruits in the summer. Renovation Potential: The site is home to two derelict buildings, each with its own unique character. These structures present an incredible opportunity for renovation. Whether you envision a cozy home, a rustic guesthouse, or a vibrant retreat, the canvas is yours to transform. Accessibility: The property is easily reachable via well-maintained roads from both Lagoa and Silves, ensuring effortless travel to local shops, restaurants, and attractions. Development option for tourism and other business have not yet been explored but the land would be very suitable for a tourism project
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Currency Exchange
Silves, 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 €1,990,000 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 |
|---|---|---|---|
| €1,990,000 | £1,639,561 | £1,710,306 | £70,745 |
| Property Price € | €1,990,000 |
| Minimum cost in the last six months | £1,639,561 |
| Maximum cost in the last six months | £1,710,306 |
| Fluctuating exchange rates over the last six months could have increased the cost of this property by | £70,745 |
Silves, 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 €1,990,000 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 |
|---|---|---|---|
| €1,990,000 | £1,639,561 | £1,710,306 | £70,745 |
| Property Price € | €1,990,000 |
| Minimum cost in the last six months | £1,639,561 |
| Maximum cost in the last six months | £1,710,306 |
| Fluctuating exchange rates over the last six months could have increased the cost of this property by | £70,745 |
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 £70,745 more.
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