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Traditional house, in the heart of the historic center of Olhão Villa with 6 bedrooms and 206 m2 area, located in the picturesque city of Olhão
Olhão, Faro, Portugal
REF: 907599
€475,000
Description
Traditional house, in the heart of the historic center of Olhão Villa with 6 bedrooms and 206 m2 area, located in the picturesque city of Olhão. This charming house ready to be remodeled and make it the perfect balance between tradition and modern comfort. With a spacious and versatile layout, it is ideal for both a family home and a profitable investment such as a hostel. Housing distribution: Ground floor: • Cozy entrance hall • kitchen • Two spacious rooms • Two bathrooms • Three bedrooms • Private backyard, ideal for outdoor leisure time 1st Floor (with independent entrance): • Entrance hall • Three large bedrooms • Two bathrooms • Integrated living and dining room • kitchen • Glazed terrace, with access to a stunning rooftop terrace, offering a panoramic and unobstructed view of the city of Olhão Located in the city center, this property is close to a wide range of shops, services and tourist attractions. It is a unique opportunity for anyone who wants to invest in Olhão, whether for their own home or to monetize through a local accommodation business. Take advantage of this excellent investment opportunity and transform this space into your next successful project! Don't miss this visit! Olhão is a sub-region of the Algarve, which includes a continental part and its Armona Island, which is a true hidden paradise, and is worth a visit. Here you will find buildings such as the Nossa Senhora do Rosário Church, the Municipal Museum, the aforementioned Olhão Market and a beautiful marina, with small fishermen's boats moored. As we have already said, in general, the architecture that the city preserves is Moorish. Among the most famous beaches in the region are Praia da Fuseta, Praia do Barril, Praia da Barreta and Praia do Farol. Olhão has a beautiful waterfront and historic old neighborhoods, which ends up being the perfect mix to make the city a tourist destination. In general, walking around Olhão is quite relaxing, as the city is calm and very beautiful. #ref: 128943
Traditional house, in the heart of the historic center of Olhão Villa with 6 bedrooms and 206 m2 area, located in the picturesque city of Olhão. This charming house ready to be remodeled and make it the perfect balance between tradition and modern comfort. With a spacious and versatile layout, it is ideal for both a family home and a profitable investment such as a hostel. Housing distribution: Ground floor: • Cozy entrance hall • kitchen • Two spacious rooms • Two bathrooms • Three bedrooms • Private backyard, ideal for outdoor leisure time 1st Floor (with independent entrance): • Entrance hall • Three large bedrooms • Two bathrooms • Integrated living and dining room • kitchen • Glazed terrace, with access to a stunning rooftop terrace, offering a panoramic and unobstructed view of the city of Olhão Located in the city center, this property is close to a wide range of shops, services and tourist attractions. It is a unique opportunity for anyone who wants to invest in Olhão, whether for their own home or to monetize through a local accommodation business. Take advantage of this excellent investment opportunity and transform this space into your next successful project! Don't miss this visit! Olhão is a sub-region of the Algarve, which includes a continental part and its Armona Island, which is a true hidden paradise, and is worth a visit. Here you will find buildings such as the Nossa Senhora do Rosário Church, the Municipal Museum, the aforementioned Olhão Market and a beautiful marina, with small fishermen's boats moored. As we have already said, in general, the architecture that the city preserves is Moorish. Among the most famous beaches in the region are Praia da Fuseta, Praia do Barril, Praia da Barreta and Praia do Farol. Olhão has a beautiful waterfront and historic old neighborhoods, which ends up being the perfect mix to make the city a tourist destination. In general, walking around Olhão is quite relaxing, as the city is calm and very beautiful. #ref: 128943
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Currency Exchange
Olhão, 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 €475,000 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 |
|---|---|---|---|
| €475,000 | £391,353 | £408,239 | £16,886 |
| Property Price € | €475,000 |
| Minimum cost in the last six months | £391,353 |
| Maximum cost in the last six months | £408,239 |
| Fluctuating exchange rates over the last six months could have increased the cost of this property by | £16,886 |
Olhão, 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 €475,000 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 |
|---|---|---|---|
| €475,000 | £391,353 | £408,239 | £16,886 |
| Property Price € | €475,000 |
| Minimum cost in the last six months | £391,353 |
| Maximum cost in the last six months | £408,239 |
| Fluctuating exchange rates over the last six months could have increased the cost of this property by | £16,886 |
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 £16,886 more.
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