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Farmhouse for complete renovation near Amendoeira Golf Course
Silves, Faro, Portugal, 8365-305
REF: 906230
€850,000
Description
Farmhouse for complete renovation near Amendoeira Golf Course, just a 5-minute drive to Alcantarilha and a short distance to Lagoa and the coast. This single-level property features 4 bedrooms, along with a roof terrace offering beautiful views. Set on a large plot with permission to construct a small condominium of 6 townhouses or an additional villa, this property offers investment potential in a prime Algarve location. Ideal for those seeking a renovation project or development opportunity. This charming farmhouse for complete renewal, situated on a large plot near Amendoeira Golf Course, presents an exciting renovation opportunity. Just a five-minute drive to Alcantarilha and a short drive to Lagoa or the beautiful coastline, this single-level home features 4 bedrooms, a kitchen, a lounge, and 4 bathrooms. A rooftop terrace offers lovely views over the surrounding area, perfect for enjoying the Algarve sunshine. Additionally, the property comes with permission to construct a small condominium of approximately 6 townhouses or another villa, making it a promising investment for those looking to develop in a prime location. Don€™t miss your chance to transform this farmhouse into your dream home or capitalize on its development potential.
Farmhouse for complete renovation near Amendoeira Golf Course, just a 5-minute drive to Alcantarilha and a short distance to Lagoa and the coast. This single-level property features 4 bedrooms, along with a roof terrace offering beautiful views. Set on a large plot with permission to construct a small condominium of 6 townhouses or an additional villa, this property offers investment potential in a prime Algarve location. Ideal for those seeking a renovation project or development opportunity. This charming farmhouse for complete renewal, situated on a large plot near Amendoeira Golf Course, presents an exciting renovation opportunity. Just a five-minute drive to Alcantarilha and a short drive to Lagoa or the beautiful coastline, this single-level home features 4 bedrooms, a kitchen, a lounge, and 4 bathrooms. A rooftop terrace offers lovely views over the surrounding area, perfect for enjoying the Algarve sunshine. Additionally, the property comes with permission to construct a small condominium of approximately 6 townhouses or another villa, making it a promising investment for those looking to develop in a prime location. Don€™t miss your chance to transform this farmhouse into your dream home or capitalize on its development potential.
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Currency Exchange
Silves, Faro, Portugal, 8365-305
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 €850,000 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 |
|---|---|---|---|
| €850,000 | £704,064 | £730,533 | £26,469 |
| Property Price € | €850,000 |
| Minimum cost in the last six months | £704,064 |
| Maximum cost in the last six months | £730,533 |
| Fluctuating exchange rates over the last six months could have increased the cost of this property by | £26,469 |
Silves, Faro, Portugal, 8365-305
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 €850,000 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 |
|---|---|---|---|
| €850,000 | £704,064 | £730,533 | £26,469 |
| Property Price € | €850,000 |
| Minimum cost in the last six months | £704,064 |
| Maximum cost in the last six months | £730,533 |
| Fluctuating exchange rates over the last six months could have increased the cost of this property by | £26,469 |
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 £26,469 more.
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