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Rural property of 4 hectares with a self made cob house of 12m2, a water spring providing fresh water all year round and stunning views on the valley and forest
Monchique, Faro, Portugal
REF: 900475
€90,000
Description
Rural property of 4 hectares with a self made cob house of 12m2, a water spring providing fresh water all year round and stunning views on the valley and forest. Located 1.2km from the main road and 5km from Marmelete, 15km from Aljezur and 30 km from Lagos and local beaches, in a peaceful area surrounded by hills and very few neighbors. The land is mainly composed of a large amount of Corks (next harvest in 2023 approximately 3000 euros income every 9 years) and many Medronhos. Nesperas and Olives and very few eucalyptus rare in this area. The land is divided in five flat terraces with a lot of privacy, one is used as a garden with gravity feed irrigation system. The other terraces are ideal to organise outdoor activities, events, retreats… Many hiking roads in the area. The current owner has installed two compost toilets, one close to the house and on the top parking for guests, an extra structure for the shower, an outdoor kitchen and a large 5x5 m tent for storage… The clay house is located at the top of the land where the views are the best. Equipped with a good quality solar system(possibility to upgrade to more power if necessary, installed by the owner at the moment of the sale). Starlink high speed unlimited internet (40 euros per month). A wood burner for the winter months. A natural water source with a automated pumping system feeding two ponds of approximatly 4000L and seasonal river is running along the lower extremity of the property. The abundant vegetation and fruit trees surrounding the house provide shade and freshness even during the hottest summers. This microclimate and the fertile soil are the perfect conditions for agriculture. Come and discover this small paradise hidden in the Algarvian countryside! Contact us! Born in 2008, IAD is an international group operating in France, Portugal, Spain, Italy, Germany, UK, Mexico, and the USA. Tell us more about your project, we provide a wide range of services to accompany you. #ref: 129531
Rural property of 4 hectares with a self made cob house of 12m2, a water spring providing fresh water all year round and stunning views on the valley and forest. Located 1.2km from the main road and 5km from Marmelete, 15km from Aljezur and 30 km from Lagos and local beaches, in a peaceful area surrounded by hills and very few neighbors. The land is mainly composed of a large amount of Corks (next harvest in 2023 approximately 3000 euros income every 9 years) and many Medronhos. Nesperas and Olives and very few eucalyptus rare in this area. The land is divided in five flat terraces with a lot of privacy, one is used as a garden with gravity feed irrigation system. The other terraces are ideal to organise outdoor activities, events, retreats… Many hiking roads in the area. The current owner has installed two compost toilets, one close to the house and on the top parking for guests, an extra structure for the shower, an outdoor kitchen and a large 5x5 m tent for storage… The clay house is located at the top of the land where the views are the best. Equipped with a good quality solar system(possibility to upgrade to more power if necessary, installed by the owner at the moment of the sale). Starlink high speed unlimited internet (40 euros per month). A wood burner for the winter months. A natural water source with a automated pumping system feeding two ponds of approximatly 4000L and seasonal river is running along the lower extremity of the property. The abundant vegetation and fruit trees surrounding the house provide shade and freshness even during the hottest summers. This microclimate and the fertile soil are the perfect conditions for agriculture. Come and discover this small paradise hidden in the Algarvian countryside! Contact us! Born in 2008, IAD is an international group operating in France, Portugal, Spain, Italy, Germany, UK, Mexico, and the USA. Tell us more about your project, we provide a wide range of services to accompany you. #ref: 129531
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Currency Exchange
Monchique, 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 €90,000 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 |
|---|---|---|---|
| €90,000 | £74,151 | £77,351 | £3,200 |
| Property Price € | €90,000 |
| Minimum cost in the last six months | £74,151 |
| Maximum cost in the last six months | £77,351 |
| Fluctuating exchange rates over the last six months could have increased the cost of this property by | £3,200 |
Monchique, 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 €90,000 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 |
|---|---|---|---|
| €90,000 | £74,151 | £77,351 | £3,200 |
| Property Price € | €90,000 |
| Minimum cost in the last six months | £74,151 |
| Maximum cost in the last six months | £77,351 |
| Fluctuating exchange rates over the last six months could have increased the cost of this property by | £3,200 |
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 £3,200 more.
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