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Farm next to the urban center, with the possibility of building 7 houses on a 2358sqm piece of land with a swimming pool (find out more at the end of the text)
Vila Nova de Cacela, Faro, Portugal
REF: 896263
€1,500,000
Description
Farm next to the urban center, with the possibility of building 7 houses on a 2358sqm piece of land with a swimming pool (find out more at the end of the text). A farm, heritage of Algarve tradition, with traces of modernity, a true oasis in the urban perimeter of Vila Nova de Cacela and close to the famous Manta Rota beach. This property, with unique characteristics, combines tranquility and rural beauty with the comfort of city life, as it is located 3 minutes walk from the center of the village. Less than 500 meters from Manta Rota and 1.5 km from the sea. Unusually large areas for a property located so close to the urban core. Its total area of 21,720sqm includes an urban plot of 600sqm where there is the main house with 180sqm, an old stable, partially restored, for multiple uses and a small attached house with bathroom and kitchen, totaling 276.70sqm built. The land also has 3,231sqm of buildable area, which gives it the potential to build several houses. The traditional-style main house on one floor, which has been renovated, has 4 bedrooms, 3 bathrooms, kitchen, dining room and living room with fireplace. Two large patios, rear and front, which connect with the garden and an old well and with access to the land where there is a vegetable garden area and a large rural space with centuries-old trees. The rustic part of the land has a strip that is in an area considered buildable within the perimeter of the town and according to the statement in a Request for Information requested from the City Council, a study was prepared that gives an example of the project that could be done for 7 houses with garden and swimming pool. (see images of the study at the end of the photo report). Ask us for more information about this unique property and schedule a visit.
Farm next to the urban center, with the possibility of building 7 houses on a 2358sqm piece of land with a swimming pool (find out more at the end of the text). A farm, heritage of Algarve tradition, with traces of modernity, a true oasis in the urban perimeter of Vila Nova de Cacela and close to the famous Manta Rota beach. This property, with unique characteristics, combines tranquility and rural beauty with the comfort of city life, as it is located 3 minutes walk from the center of the village. Less than 500 meters from Manta Rota and 1.5 km from the sea. Unusually large areas for a property located so close to the urban core. Its total area of 21,720sqm includes an urban plot of 600sqm where there is the main house with 180sqm, an old stable, partially restored, for multiple uses and a small attached house with bathroom and kitchen, totaling 276.70sqm built. The land also has 3,231sqm of buildable area, which gives it the potential to build several houses. The traditional-style main house on one floor, which has been renovated, has 4 bedrooms, 3 bathrooms, kitchen, dining room and living room with fireplace. Two large patios, rear and front, which connect with the garden and an old well and with access to the land where there is a vegetable garden area and a large rural space with centuries-old trees. The rustic part of the land has a strip that is in an area considered buildable within the perimeter of the town and according to the statement in a Request for Information requested from the City Council, a study was prepared that gives an example of the project that could be done for 7 houses with garden and swimming pool. (see images of the study at the end of the photo report). Ask us for more information about this unique property and schedule a visit.
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Currency Exchange
Vila Nova de Cacela, 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 €1,500,000 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 |
|---|---|---|---|
| €1,500,000 | £1,242,465 | £1,289,175 | £46,710 |
| Property Price € | €1,500,000 |
| Minimum cost in the last six months | £1,242,465 |
| Maximum cost in the last six months | £1,289,175 |
| Fluctuating exchange rates over the last six months could have increased the cost of this property by | £46,710 |
Vila Nova de Cacela, 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 €1,500,000 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 |
|---|---|---|---|
| €1,500,000 | £1,242,465 | £1,289,175 | £46,710 |
| Property Price € | €1,500,000 |
| Minimum cost in the last six months | £1,242,465 |
| Maximum cost in the last six months | £1,289,175 |
| Fluctuating exchange rates over the last six months could have increased the cost of this property by | £46,710 |
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 £46,710 more.
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