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Renovation opportunity in Santa Bárbara de Nexe
Faro, Faro, Portugal, 8005-423
REF: 913330
€298,000
Description
Situated on the edge of the popular village of Bordeira and benefiting from a view of the surrounding countryside and the sea this traditional Portuguese house for sale offers an ideal opportunity for those looking for refurbishment, renovation or development. Sao Bras de Alportel, Estoi, Loule and Faro are all very easily accessible. The property benefits from a substantial plot offering in total 5,120 square metres and 190 square meter covered area, mains electric, water and sewerage on the access road, cisterna mature planting of trees including alfarrobeira and olive. The property is set just off the road with driveway and presently is made up internally of five internal rooms, one of which having been used as the kitchen has a traditional fireplace. There is an outhouse attached to the property.
This property is presented by Quintas and Casas, voted the best boutique real estate agency in Portugal in 2024.
Situated on the edge of the popular village of Bordeira and benefiting from a view of the surrounding countryside and the sea this traditional Portuguese house for sale offers an ideal opportunity for those looking for refurbishment, renovation or development. Sao Bras de Alportel, Estoi, Loule and Faro are all very easily accessible. The property benefits from a substantial plot offering in total 5,120 square metres and 190 square meter covered area, mains electric, water and sewerage on the access road, cisterna mature planting of trees including alfarrobeira and olive. The property is set just off the road with driveway and presently is made up internally of five internal rooms, one of which having been used as the kitchen has a traditional fireplace. There is an outhouse attached to the property.
This property is presented by Quintas and Casas, voted the best boutique real estate agency in Portugal in 2024.
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Currency Exchange
Faro, Faro, Portugal, 8005-423
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 €298,000 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 |
|---|---|---|---|
| €298,000 | £245,522 | £256,116 | £10,594 |
| Property Price € | €298,000 |
| Minimum cost in the last six months | £245,522 |
| Maximum cost in the last six months | £256,116 |
| Fluctuating exchange rates over the last six months could have increased the cost of this property by | £10,594 |
Faro, Faro, Portugal, 8005-423
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 €298,000 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 |
|---|---|---|---|
| €298,000 | £245,522 | £256,116 | £10,594 |
| Property Price € | €298,000 |
| Minimum cost in the last six months | £245,522 |
| Maximum cost in the last six months | £256,116 |
| Fluctuating exchange rates over the last six months could have increased the cost of this property by | £10,594 |
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 £10,594 more.
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