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Property with single storey T3 house and several annexes, located on a flat plot of land measuring 12,193sqm, completely fenced
União das Freguesias de Moncarapacho e Fuseta, Faro, Portugal
REF: 896084
€420,000
Description
Property with single storey T3 house and several annexes, located on a flat plot of land measuring 12,193sqm, completely fenced. This property is located in the Arroteia area, Livramento, close to the village of Fuseta and has quick access to the EN 125. The main house has a covered patio, circulation corridor, a bathroom, a kitchen, three bedrooms and a living room. The house is old and traditional in style. The urban part also has two warehouses, two stables and a patio that make up an area of 360sqm. One of the warehouses is currently being used as a large dining room with an open space kitchen and a small office. The entire urban part needs restoration work. In the rustic part of the property there are some fruit trees, a daughter-in-law, an irrigation tank and the possibility of connecting to water from the dam. There are some houses in the surrounding area but the property is very practical. This location allows for a relaxed lifestyle in the countryside but at the same time close to the beach and the main centers. With 695sqm of urban area on a plot of 12,193sqm, this property has great potential, whether for the construction of a gated condominium, small rural tourism or family home. Don't miss this investment opportunity and schedule your visit with us now! Casas do Sotavento is at your disposal to help you through the entire process, from the sale of your current property, if applicable, to the purchase of your new home, even if you need credit.
Property with single storey T3 house and several annexes, located on a flat plot of land measuring 12,193sqm, completely fenced. This property is located in the Arroteia area, Livramento, close to the village of Fuseta and has quick access to the EN 125. The main house has a covered patio, circulation corridor, a bathroom, a kitchen, three bedrooms and a living room. The house is old and traditional in style. The urban part also has two warehouses, two stables and a patio that make up an area of 360sqm. One of the warehouses is currently being used as a large dining room with an open space kitchen and a small office. The entire urban part needs restoration work. In the rustic part of the property there are some fruit trees, a daughter-in-law, an irrigation tank and the possibility of connecting to water from the dam. There are some houses in the surrounding area but the property is very practical. This location allows for a relaxed lifestyle in the countryside but at the same time close to the beach and the main centers. With 695sqm of urban area on a plot of 12,193sqm, this property has great potential, whether for the construction of a gated condominium, small rural tourism or family home. Don't miss this investment opportunity and schedule your visit with us now! Casas do Sotavento is at your disposal to help you through the entire process, from the sale of your current property, if applicable, to the purchase of your new home, even if you need credit.
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Currency Exchange
União das Freguesias de Moncarapacho e Fuseta, 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 €420,000 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 |
|---|---|---|---|
| €420,000 | £349,390 | £361,460 | £12,071 |
| Property Price € | €420,000 |
| Minimum cost in the last six months | £349,390 |
| Maximum cost in the last six months | £361,460 |
| Fluctuating exchange rates over the last six months could have increased the cost of this property by | £12,071 |
União das Freguesias de Moncarapacho e Fuseta, 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 €420,000 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 |
|---|---|---|---|
| €420,000 | £349,390 | £361,460 | £12,071 |
| Property Price € | €420,000 |
| Minimum cost in the last six months | £349,390 |
| Maximum cost in the last six months | £361,460 |
| Fluctuating exchange rates over the last six months could have increased the cost of this property by | £12,071 |
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 £12,071 more.
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