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3 bedroom apartment to renovate in Armação de Pêra - Sea View
Silves, Faro, Portugal
REF: 904027
€450,000
Description
This 3 bedroom apartment in Armação de Pêra has very attractive features, especially for its privileged location on the seafront, offering stunning views of the ocean and proximity to the Armação de Pêra Fortress. The internal layout with a common room, three bedrooms, two bathrooms, and balconies both at the front (8m ) and in the kitchen (4m ) provides a well-organized and versatile space. Furthermore, the fact that the building has an elevator and the proximity of services and amenities makes it an excellent option for both permanent residence and investment in holiday rentals, especially with growing tourism in the region. Although it requires work, this can be seen as an opportunity for long-term appreciation, as renovations will allow you to personalize and maximize the value of the property. The location in a quiet area contributes to comfort and safety, aspects that are increasingly valued. Here, the sea is just a few steps away and your well-being finds perfect harmony. Allow yourself to live here. Additional information: KW Flash has at its disposal a Credit Intermediary authorized by Banco de Portugal. If you need financing, we can help! At KW Flash we share business with every real estate consultant or agency with an AMI license. We believe that together we can do more for our customers! If you are a professional in the sector and have a qualified client, contact me and schedule a visit!
This 3 bedroom apartment in Armação de Pêra has very attractive features, especially for its privileged location on the seafront, offering stunning views of the ocean and proximity to the Armação de Pêra Fortress. The internal layout with a common room, three bedrooms, two bathrooms, and balconies both at the front (8m ) and in the kitchen (4m ) provides a well-organized and versatile space. Furthermore, the fact that the building has an elevator and the proximity of services and amenities makes it an excellent option for both permanent residence and investment in holiday rentals, especially with growing tourism in the region. Although it requires work, this can be seen as an opportunity for long-term appreciation, as renovations will allow you to personalize and maximize the value of the property. The location in a quiet area contributes to comfort and safety, aspects that are increasingly valued. Here, the sea is just a few steps away and your well-being finds perfect harmony. Allow yourself to live here. Additional information: KW Flash has at its disposal a Credit Intermediary authorized by Banco de Portugal. If you need financing, we can help! At KW Flash we share business with every real estate consultant or agency with an AMI license. We believe that together we can do more for our customers! If you are a professional in the sector and have a qualified client, contact me and schedule a visit!
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Currency Exchange
Silves, 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 €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 | £372,740 | £386,753 | £14,013 |
| Property Price € | €450,000 |
| Minimum cost in the last six months | £372,740 |
| Maximum cost in the last six months | £386,753 |
| Fluctuating exchange rates over the last six months could have increased the cost of this property by | £14,013 |
Silves, 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 €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 | £372,740 | £386,753 | £14,013 |
| Property Price € | €450,000 |
| Minimum cost in the last six months | £372,740 |
| Maximum cost in the last six months | £386,753 |
| Fluctuating exchange rates over the last six months could have increased the cost of this property by | £14,013 |
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 £14,013 more.
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