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Unique opportunity: a flat to restore, set in a Pombaline-style building in the heart of the historic centre of Vila Real de Santo António, which is a real gem, a rarity in this city
Vila Real de Santo António, Faro, Portugal
REF: 896167
€420,000
Description
Unique opportunity: a flat to restore, set in a Pombaline-style building in the heart of the historic centre of Vila Real de Santo António, which is a real gem, a rarity in this city. With an original 3-bedroom configuration, this flat is being offered with an architectural remodelling study that transforms it into an elegant and charming 2-bedroom flat, maintaining its period character, but benefiting from the most modern materials, equipment and thermal and acoustic insulation. With this architectural remodelling study, the flat now offers a living room and kitchen integrated into one spacious room, two bedrooms, one of which is en suite, plus a guest bathroom. The 3D images we're showing here help you visualise how the flat might look and feel. The property also has a 23.3 square metre patio on the flat level. The flat can be sold as it is, or with the remodelling work included, based on the architectural study presented and the suggestions given by the drawings and 3D images shown in the image gallery. Please don't hesitate to contact us for more information. End of construction June 2025.
Unique opportunity: a flat to restore, set in a Pombaline-style building in the heart of the historic centre of Vila Real de Santo António, which is a real gem, a rarity in this city. With an original 3-bedroom configuration, this flat is being offered with an architectural remodelling study that transforms it into an elegant and charming 2-bedroom flat, maintaining its period character, but benefiting from the most modern materials, equipment and thermal and acoustic insulation. With this architectural remodelling study, the flat now offers a living room and kitchen integrated into one spacious room, two bedrooms, one of which is en suite, plus a guest bathroom. The 3D images we're showing here help you visualise how the flat might look and feel. The property also has a 23.3 square metre patio on the flat level. The flat can be sold as it is, or with the remodelling work included, based on the architectural study presented and the suggestions given by the drawings and 3D images shown in the image gallery. Please don't hesitate to contact us for more information. End of construction June 2025.
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Currency Exchange
Vila Real de Santo António, 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 | £347,890 | £360,969 | £13,079 |
| Property Price € | €420,000 |
| Minimum cost in the last six months | £347,890 |
| Maximum cost in the last six months | £360,969 |
| Fluctuating exchange rates over the last six months could have increased the cost of this property by | £13,079 |
Vila Real de Santo António, 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 | £347,890 | £360,969 | £13,079 |
| Property Price € | €420,000 |
| Minimum cost in the last six months | £347,890 |
| Maximum cost in the last six months | £360,969 |
| Fluctuating exchange rates over the last six months could have increased the cost of this property by | £13,079 |
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 £13,079 more.
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