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113m² T4 apartment converted into 2 completely independent T2 apartments
Faro, Faro, Portugal
REF: 894674
€298,000
Description
113m² T4 apartment converted into 2 completely independent T2 apartments. They are distinguished by the fact that one has a backyard and the other does not, and both are currently under lease until the end of January 2025, becoming available from February onwards. The apartment with the 18m² backyard has the following features: 2 bedrooms, kitchen, living room, bathroom with shower, pantry, sunroom, and the backyard. Water heating is provided by a gas cylinder. The other apartment has 2 bedrooms, an open-plan kitchen and living room, 1 bathroom with a shower, and a pantry. Water heating is provided by a storage water heater. Both apartments are fully furnished and ready to be occupied. Contact me for more information or to schedule a visit! About iad Portugal: Founded in France in 2008 and in Portugal in 2015, iad was born from an innovative model that expands the traditional real estate agency concept, promoting a close relationship between the consultant and the client. The success of the iad group is reflected in thousands of consultants, online properties, and completed transactions. iad is a network of independent real estate consultants based on a fully innovative model that breaks with the traditional real estate agency concept. What does the 21st-century client look for when deciding to buy, rent, or sell a property? They seek a complete, uncomplicated, and competitive service. That’s what we offer at iad. Our consultants meet with you, having access to the latest industry training and a platform of exclusive tools that allow them to provide you with the best service wherever you are. We give our consultants the flexibility and autonomy necessary to guarantee you personalized support in achieving your project, whether it is buying, renting, or selling a property. At iad, you will find a real estate consultant tailored to your needs. iad is a digital and dynamic real estate agency, built on professionalism and transparency. As an independent real estate consultant, I have the autonomy to manage my schedule, ensuring personalized support throughout the process and offering a quality service at the best price. At iad, we share 50/50 with all agencies. #ref: 128751
113m² T4 apartment converted into 2 completely independent T2 apartments. They are distinguished by the fact that one has a backyard and the other does not, and both are currently under lease until the end of January 2025, becoming available from February onwards. The apartment with the 18m² backyard has the following features: 2 bedrooms, kitchen, living room, bathroom with shower, pantry, sunroom, and the backyard. Water heating is provided by a gas cylinder. The other apartment has 2 bedrooms, an open-plan kitchen and living room, 1 bathroom with a shower, and a pantry. Water heating is provided by a storage water heater. Both apartments are fully furnished and ready to be occupied. Contact me for more information or to schedule a visit! About iad Portugal: Founded in France in 2008 and in Portugal in 2015, iad was born from an innovative model that expands the traditional real estate agency concept, promoting a close relationship between the consultant and the client. The success of the iad group is reflected in thousands of consultants, online properties, and completed transactions. iad is a network of independent real estate consultants based on a fully innovative model that breaks with the traditional real estate agency concept. What does the 21st-century client look for when deciding to buy, rent, or sell a property? They seek a complete, uncomplicated, and competitive service. That’s what we offer at iad. Our consultants meet with you, having access to the latest industry training and a platform of exclusive tools that allow them to provide you with the best service wherever you are. We give our consultants the flexibility and autonomy necessary to guarantee you personalized support in achieving your project, whether it is buying, renting, or selling a property. At iad, you will find a real estate consultant tailored to your needs. iad is a digital and dynamic real estate agency, built on professionalism and transparency. As an independent real estate consultant, I have the autonomy to manage my schedule, ensuring personalized support throughout the process and offering a quality service at the best price. At iad, we share 50/50 with all agencies. #ref: 128751
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Currency Exchange
Faro, Faro, 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 €298,000 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 |
|---|---|---|---|
| €298,000 | £246,836 | £256,116 | £9,280 |
| Property Price € | €298,000 |
| Minimum cost in the last six months | £246,836 |
| Maximum cost in the last six months | £256,116 |
| Fluctuating exchange rates over the last six months could have increased the cost of this property by | £9,280 |
Faro, Faro, 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 €298,000 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 |
|---|---|---|---|
| €298,000 | £246,836 | £256,116 | £9,280 |
| Property Price € | €298,000 |
| Minimum cost in the last six months | £246,836 |
| Maximum cost in the last six months | £256,116 |
| Fluctuating exchange rates over the last six months could have increased the cost of this property by | £9,280 |
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 £9,280 more.
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