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2-Story House with Sea View in Rural Environment – Ribeiras, Lajes do Pico, Azores If you’re looking for an opportunity to invest in a property with great potential for appreciation and personalization, this traditional two-story house is ideal for you
Lajes do Pico, Ilha do Pico, Portugal
REF: 893891
€65,000
Description
2-Story House with Sea View in Rural Environment – Ribeiras, Lajes do Pico, Azores If you’re looking for an opportunity to invest in a property with great potential for appreciation and personalization, this traditional two-story house is ideal for you. Located in the tranquil area of Terreiro, in the parish of Ribeiras, this 88-square-meter property is built with basalt stone, reflecting the typical architectural style of Pico Island, complete with a traditional tiled roof. The basalt construction gives the home a rustic character, harmonizing beautifully with the surrounding greenery and the sea in the background. The need to replace the roof and flooring presents an excellent opportunity to remodel and tailor the house to your tastes, making it suitable for personal residence, a vacation home, or even a local accommodation. Strategically located, the house is just 10 minutes from the historic Vila Baleeira, famous for whale watching. It is also 40 minutes from Pico Island Airport and the main town of Madalena, where you can find various services and shops, ensuring convenience without sacrificing rural tranquility. Nearby bathing areas, just 5-10 minutes away, offer crystal-clear waters, while nearby hiking trails allow you to explore the island's stunning natural beauty. The generous surrounding land provides opportunities for creating a garden or planting fruit trees, along with the possibility of expanding the house. The necessary renovations allow the new owner to shape the space according to their preferences, blending traditional and contemporary elements. This house is an excellent option for permanent living, a vacation retreat, or a tourism investment, taking advantage of the growing demand for authentic experiences on Pico Island. The area is known for its serenity and breathtaking sea views, providing a peaceful environment ideal for those who value a tranquil lifestyle with easy access to amenities. #ref: 126461
2-Story House with Sea View in Rural Environment – Ribeiras, Lajes do Pico, Azores If you’re looking for an opportunity to invest in a property with great potential for appreciation and personalization, this traditional two-story house is ideal for you. Located in the tranquil area of Terreiro, in the parish of Ribeiras, this 88-square-meter property is built with basalt stone, reflecting the typical architectural style of Pico Island, complete with a traditional tiled roof. The basalt construction gives the home a rustic character, harmonizing beautifully with the surrounding greenery and the sea in the background. The need to replace the roof and flooring presents an excellent opportunity to remodel and tailor the house to your tastes, making it suitable for personal residence, a vacation home, or even a local accommodation. Strategically located, the house is just 10 minutes from the historic Vila Baleeira, famous for whale watching. It is also 40 minutes from Pico Island Airport and the main town of Madalena, where you can find various services and shops, ensuring convenience without sacrificing rural tranquility. Nearby bathing areas, just 5-10 minutes away, offer crystal-clear waters, while nearby hiking trails allow you to explore the island's stunning natural beauty. The generous surrounding land provides opportunities for creating a garden or planting fruit trees, along with the possibility of expanding the house. The necessary renovations allow the new owner to shape the space according to their preferences, blending traditional and contemporary elements. This house is an excellent option for permanent living, a vacation retreat, or a tourism investment, taking advantage of the growing demand for authentic experiences on Pico Island. The area is known for its serenity and breathtaking sea views, providing a peaceful environment ideal for those who value a tranquil lifestyle with easy access to amenities. #ref: 126461
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Currency Exchange
Lajes do Pico, Ilha do Pico, 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 €65,000 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 |
|---|---|---|---|
| €65,000 | £53,554 | £55,864 | £2,311 |
| Property Price € | €65,000 |
| Minimum cost in the last six months | £53,554 |
| Maximum cost in the last six months | £55,864 |
| Fluctuating exchange rates over the last six months could have increased the cost of this property by | £2,311 |
Lajes do Pico, Ilha do Pico, 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 €65,000 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 |
|---|---|---|---|
| €65,000 | £53,554 | £55,864 | £2,311 |
| Property Price € | €65,000 |
| Minimum cost in the last six months | £53,554 |
| Maximum cost in the last six months | £55,864 |
| Fluctuating exchange rates over the last six months could have increased the cost of this property by | £2,311 |
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 £2,311 more.
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