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2 bedroom house (222 sqm) inserted in a 14
Monchique, Faro, Portugal, 8550-281
REF: 903232
€450,000
Description
Let's start with the main features: - Property of 14,760 sqm in total; - House with 222 sqm fully legalised; - Mains electricity; - Private water borehole; - Good dirt track access (about 1 kilometre); - Very quiet location with incredible views; If you're looking for a property in a very good state of repair, where all the documentation is in order (making it easy to buy without any hassle and the possibility of accessing bank finance), this is undoubtedly a property to consider. The property has a very generous area occupied by a forest of cork oaks, with the house and its outdoor space on the lower part of the property. The stream that runs through the lower part of the property is also in this area. The house is in good condition and has a lot of flexibility, being divided into two independent bodies at the moment. The first part is, shall we say, the main residential part, comprising a bedroom en suite, a kitchen, a living room with a wood burning stove and a storage/laundry area. There is a door that leads to a staircase that connects to the second body of the house, where we find a lounge / kitchenette, a generously sized bedroom en suite. In front of the bedroom is a covered terrace with incredible views of the valley. This second body of the house could eventually be used to receive visits from family or friends, or be part of the new owner's permanent home. The house has very thick walls, double glazing, radiators to heat all the rooms and a solar panel system that substantially reduces energy costs for water heating. Outside the house there are several independent areas in good condition, either a covered area next to the entrance where you can enjoy the comfort of outdoor sofas, or a larger area with stone floors and a wooden pergola, ideal for socialising or relaxing. The lower area of the property has a vegetable garden and several mature fruit trees, where you can spend a good time tending to this space while listening to the water flowing in the stream. At the back of the house, accessible via a few steps, is the beginning of the cork oak forest, with an area of terraces.
Let's start with the main features: - Property of 14,760 sqm in total; - House with 222 sqm fully legalised; - Mains electricity; - Private water borehole; - Good dirt track access (about 1 kilometre); - Very quiet location with incredible views; If you're looking for a property in a very good state of repair, where all the documentation is in order (making it easy to buy without any hassle and the possibility of accessing bank finance), this is undoubtedly a property to consider. The property has a very generous area occupied by a forest of cork oaks, with the house and its outdoor space on the lower part of the property. The stream that runs through the lower part of the property is also in this area. The house is in good condition and has a lot of flexibility, being divided into two independent bodies at the moment. The first part is, shall we say, the main residential part, comprising a bedroom en suite, a kitchen, a living room with a wood burning stove and a storage/laundry area. There is a door that leads to a staircase that connects to the second body of the house, where we find a lounge / kitchenette, a generously sized bedroom en suite. In front of the bedroom is a covered terrace with incredible views of the valley. This second body of the house could eventually be used to receive visits from family or friends, or be part of the new owner's permanent home. The house has very thick walls, double glazing, radiators to heat all the rooms and a solar panel system that substantially reduces energy costs for water heating. Outside the house there are several independent areas in good condition, either a covered area next to the entrance where you can enjoy the comfort of outdoor sofas, or a larger area with stone floors and a wooden pergola, ideal for socialising or relaxing. The lower area of the property has a vegetable garden and several mature fruit trees, where you can spend a good time tending to this space while listening to the water flowing in the stream. At the back of the house, accessible via a few steps, is the beginning of the cork oak forest, with an area of terraces.
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Currency Exchange
Monchique, Faro, Portugal, 8550-281
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 €450,000 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 |
|---|---|---|---|
| €450,000 | £374,346 | £387,279 | £12,933 |
| Property Price € | €450,000 |
| Minimum cost in the last six months | £374,346 |
| Maximum cost in the last six months | £387,279 |
| Fluctuating exchange rates over the last six months could have increased the cost of this property by | £12,933 |
Monchique, Faro, Portugal, 8550-281
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 €450,000 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 |
|---|---|---|---|
| €450,000 | £374,346 | £387,279 | £12,933 |
| Property Price € | €450,000 |
| Minimum cost in the last six months | £374,346 |
| Maximum cost in the last six months | £387,279 |
| Fluctuating exchange rates over the last six months could have increased the cost of this property by | £12,933 |
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 £12,933 more.
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