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Plot of land, for sale with approved project for luxury 2 bedrooms villa and renovated 2 bedrooms guest annex near Santa Catarina Fonte do Bispo, Tavira area
Tavira, Faro, Portugal, 8800
REF: 913339
€545,000
Description
A rare opportunity to purchase a large, elevated plot of land with an approved Project in Santa Catarina Fonte do Bispo, for the renovation and extension of an old farmhouse ruin to create a two-bedroom guest annex linked to a magnificent, new two-bedroom villa with a large basement, roof terrace and swimming pool. Nestled in the hills near Santa Catarina, the property is set in a secluded 1.5 ha. (3.7 acres) plot of upland meadow, filled with local trees (olive, almond, carob, fig, medronho) and has stunning views of the surrounding hills and distant ocean. The proposed new villa has been designed to create spacious and light-filled interiors. Floor-to-ceiling windows and sliding glass doors allow light to pour into the substantial, south-facing living room and adjoining kitchen/ dining area. Two generously sized bedrooms have en-suite bathrooms and dressing areas. A huge basement (343 m2) extends underneath the whole building, offering a garage large enough for four cars, a technical space (designed as a sound studio), laundry, a wine cellar, a media room, and a patio that allows daylight to fill the adjacent rooms. A roof terrace, with a technical area, support kitchen, and lounge area, covers the whole house and affords spectacular views of the surrounding countryside and the sea. The restored old farmhouse has been designed as a separate guest annex with a more traditional feel and offers a cozy living room, two en-suite bedrooms, and a kitchen/dining area with south-facing views. The proposed property offers 495 m2 of construction area and has the potential for further development to create a rural tourism project with the addition of four more T0/T1 studio apartments. This idyllic rural setting offers peace and tranquillity, yet minutes away from the town of Santa Catarina and its local amenities, while Tavira and Olhão are both only around 15 km away. It is an exceptional opportunity to realize the creation of a stunning villa as your main home, holiday home, or as rural tourism business.
A rare opportunity to purchase a large, elevated plot of land with an approved Project in Santa Catarina Fonte do Bispo, for the renovation and extension of an old farmhouse ruin to create a two-bedroom guest annex linked to a magnificent, new two-bedroom villa with a large basement, roof terrace and swimming pool. Nestled in the hills near Santa Catarina, the property is set in a secluded 1.5 ha. (3.7 acres) plot of upland meadow, filled with local trees (olive, almond, carob, fig, medronho) and has stunning views of the surrounding hills and distant ocean. The proposed new villa has been designed to create spacious and light-filled interiors. Floor-to-ceiling windows and sliding glass doors allow light to pour into the substantial, south-facing living room and adjoining kitchen/ dining area. Two generously sized bedrooms have en-suite bathrooms and dressing areas. A huge basement (343 m2) extends underneath the whole building, offering a garage large enough for four cars, a technical space (designed as a sound studio), laundry, a wine cellar, a media room, and a patio that allows daylight to fill the adjacent rooms. A roof terrace, with a technical area, support kitchen, and lounge area, covers the whole house and affords spectacular views of the surrounding countryside and the sea. The restored old farmhouse has been designed as a separate guest annex with a more traditional feel and offers a cozy living room, two en-suite bedrooms, and a kitchen/dining area with south-facing views. The proposed property offers 495 m2 of construction area and has the potential for further development to create a rural tourism project with the addition of four more T0/T1 studio apartments. This idyllic rural setting offers peace and tranquillity, yet minutes away from the town of Santa Catarina and its local amenities, while Tavira and Olhão are both only around 15 km away. It is an exceptional opportunity to realize the creation of a stunning villa as your main home, holiday home, or as rural tourism business.
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Currency Exchange
Tavira, Faro, Portugal, 8800
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 €545,000 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 |
|---|---|---|---|
| €545,000 | £449,026 | £468,400 | £19,375 |
| Property Price € | €545,000 |
| Minimum cost in the last six months | £449,026 |
| Maximum cost in the last six months | £468,400 |
| Fluctuating exchange rates over the last six months could have increased the cost of this property by | £19,375 |
Tavira, Faro, Portugal, 8800
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 €545,000 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 |
|---|---|---|---|
| €545,000 | £449,026 | £468,400 | £19,375 |
| Property Price € | €545,000 |
| Minimum cost in the last six months | £449,026 |
| Maximum cost in the last six months | £468,400 |
| Fluctuating exchange rates over the last six months could have increased the cost of this property by | £19,375 |
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 £19,375 more.
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