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Monchique, Faro, Portugal, 8550-333
REF: 910898
€225,000
Description
This 3.2 hectare property is located just 13 kilometres from Monchique, with tarmac access to the entrance, making it easily accessible in less than 20 minutes. The property benefits from a peaceful and natural setting, ideal for those looking for a country life away from the hustle and bustle. Consisting of two houses, a renovated and habitable blue one and a white one in need of renovation, the property offers unique potential for those wishing to personalise or expand the space. The blue house, which has been renovated, has a wooden roof and includes a bedroom, a bathroom and a mezzanine, making it ready to move into. The white house, on the other hand, offers a simple renovation in part of the structure, but requires more in-depth work in the other area, ideal for those who want to create a completely bespoke space. The lower part of the property, situated next to a stream, is completely flat and is home to a vegetable garden and various fruit trees, such as apples, plums, figs and citrus fruits. The vegetable garden has a gravity irrigation system fed by a smaller stream, providing water for most of the year, which makes it ideal for those who want to grow produce in a sustainable way. The houses are positioned on a plateau above the vegetable garden, offering a pleasant view of the surrounding countryside. To the rear, the property is bordered by a steeply sloping mountain, providing a sense of privacy and direct contact with nature. The father
This 3.2 hectare property is located just 13 kilometres from Monchique, with tarmac access to the entrance, making it easily accessible in less than 20 minutes. The property benefits from a peaceful and natural setting, ideal for those looking for a country life away from the hustle and bustle. Consisting of two houses, a renovated and habitable blue one and a white one in need of renovation, the property offers unique potential for those wishing to personalise or expand the space. The blue house, which has been renovated, has a wooden roof and includes a bedroom, a bathroom and a mezzanine, making it ready to move into. The white house, on the other hand, offers a simple renovation in part of the structure, but requires more in-depth work in the other area, ideal for those who want to create a completely bespoke space. The lower part of the property, situated next to a stream, is completely flat and is home to a vegetable garden and various fruit trees, such as apples, plums, figs and citrus fruits. The vegetable garden has a gravity irrigation system fed by a smaller stream, providing water for most of the year, which makes it ideal for those who want to grow produce in a sustainable way. The houses are positioned on a plateau above the vegetable garden, offering a pleasant view of the surrounding countryside. To the rear, the property is bordered by a steeply sloping mountain, providing a sense of privacy and direct contact with nature. The father
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Currency Exchange
Monchique, Faro, Portugal, 8550-333
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 €225,000 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 |
|---|---|---|---|
| €225,000 | £186,370 | £193,376 | £7,007 |
| Property Price € | €225,000 |
| Minimum cost in the last six months | £186,370 |
| Maximum cost in the last six months | £193,376 |
| Fluctuating exchange rates over the last six months could have increased the cost of this property by | £7,007 |
Monchique, Faro, Portugal, 8550-333
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 €225,000 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 |
|---|---|---|---|
| €225,000 | £186,370 | £193,376 | £7,007 |
| Property Price € | €225,000 |
| Minimum cost in the last six months | £186,370 |
| Maximum cost in the last six months | £193,376 |
| Fluctuating exchange rates over the last six months could have increased the cost of this property by | £7,007 |
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 £7,007 more.
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