Search
We present an excellent investment opportunity in the city center of Faro
União das Freguesias de Faro (Sé e São Pedro), Faro, Portugal
REF: 896549
€140,000
Description
We present an excellent investment opportunity in the city center of Faro. This single-story house, with a T3 type, offers a versatile space and a privileged location, ideal for both private housing and investment. Important Note: The property currently has a 77-year-old tenant, with a lifetime contract and no descendants. Income value is EUR100 Monthly. This information must be considered when making an investment decision. Main Features: Total Area: 128sqm Gross Area: 96sqm Divisions: 5 Backyard: Yes With a total area of 128sqm, this property stands out for its central location, allowing easy access to all the amenities and services that Faro has to offer. The house has 5 rooms, providing a functional space that can be adapted according to the needs of the new owner. The backyard adds additional value by offering an outdoor space for relaxation or gardening. Although the house requires some restoration work, it is in habitable condition, allowing the future owner the flexibility to make improvements at their own pace and taste. This is an excellent opportunity to create a welcoming home or a unique renovation project. Furthermore, this property offers great potential for appreciation, being a great opportunity to build a 4-storey building, with the top floor set back. This construction possibility maximizes the land's potential, making it an attractive option for investors and builders. About CasasdoSotavento: CasasdoSotavento is a real estate agency recognized for its commitment to customer satisfaction and the quality of its services. With extensive experience in the real estate market, our team is dedicated to finding the best solutions for our clients, providing personalized and professional service. Our mission is to help our clients find the ideal property, whether for home ownership, investment or any other purpose. With a diversified portfolio and an approach focused on the individual needs of each client, CasasdoSotavento is proud to be a reference in the real estate sector. Contact us: For more information about this property or to schedule a viewing, do not hesitate to contact us. We are available to answer all your questions and help you find the perfect real estate solution for you.
We present an excellent investment opportunity in the city center of Faro. This single-story house, with a T3 type, offers a versatile space and a privileged location, ideal for both private housing and investment. Important Note: The property currently has a 77-year-old tenant, with a lifetime contract and no descendants. Income value is EUR100 Monthly. This information must be considered when making an investment decision. Main Features: Total Area: 128sqm Gross Area: 96sqm Divisions: 5 Backyard: Yes With a total area of 128sqm, this property stands out for its central location, allowing easy access to all the amenities and services that Faro has to offer. The house has 5 rooms, providing a functional space that can be adapted according to the needs of the new owner. The backyard adds additional value by offering an outdoor space for relaxation or gardening. Although the house requires some restoration work, it is in habitable condition, allowing the future owner the flexibility to make improvements at their own pace and taste. This is an excellent opportunity to create a welcoming home or a unique renovation project. Furthermore, this property offers great potential for appreciation, being a great opportunity to build a 4-storey building, with the top floor set back. This construction possibility maximizes the land's potential, making it an attractive option for investors and builders. About CasasdoSotavento: CasasdoSotavento is a real estate agency recognized for its commitment to customer satisfaction and the quality of its services. With extensive experience in the real estate market, our team is dedicated to finding the best solutions for our clients, providing personalized and professional service. Our mission is to help our clients find the ideal property, whether for home ownership, investment or any other purpose. With a diversified portfolio and an approach focused on the individual needs of each client, CasasdoSotavento is proud to be a reference in the real estate sector. Contact us: For more information about this property or to schedule a viewing, do not hesitate to contact us. We are available to answer all your questions and help you find the perfect real estate solution for you.
Read More
Property on Map
Currency Exchange
União das Freguesias de Faro (Sé e São Pedro), 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 €140,000 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 |
|---|---|---|---|
| €140,000 | £115,963 | £120,323 | £4,360 |
| Property Price € | €140,000 |
| Minimum cost in the last six months | £115,963 |
| Maximum cost in the last six months | £120,323 |
| Fluctuating exchange rates over the last six months could have increased the cost of this property by | £4,360 |
União das Freguesias de Faro (Sé e São Pedro), 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 €140,000 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 |
|---|---|---|---|
| €140,000 | £115,963 | £120,323 | £4,360 |
| Property Price € | €140,000 |
| Minimum cost in the last six months | £115,963 |
| Maximum cost in the last six months | £120,323 |
| Fluctuating exchange rates over the last six months could have increased the cost of this property by | £4,360 |
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 £4,360 more.
Search popular regions
Useful links
Hi {{firstName}},
Enquire about this property
Make an Enquiry on this property
No Yes
No Yes
I agree to be connected with a trusted property agent who will receive
these details.
We handle your data with care and only ever as outlined in our
Privacy Policy
Thank you for your
enquiry!
Our partner agent will be in touch with you shortly.
Our partner agent will be in touch with you shortly.
Enquire about this property
No
Yes
No
Yes
I agree to be connected with the property agent for more detail on this
listing.
We handle your data with care and only ever as outlined in our
Privacy Policy
