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Building plot, for sale in Loulé area with project approved for 3 bedroom villa
Loulé, Faro, Portugal, 8100-221
REF: 913342
€295,000
Description
Located on a plot of 5733m , this fantastic land, for sale, offers 2 articles, an urban one with a ruin and a rustic land. A project for the construction of a 3 bedroom single storey villa with 268m2 plus terraces and swimming pool for a total construction of 299m2, has been submitted and approved by the Loulé City Council and the building permit is ready to be erected. The rustic land with a slight slope offers several fruit trees.
Great access to the national road and A22, the land is 15 minutes drive from the best beaches in the Algarve, 10 minutes from Quinta do Lago and Vale do Lobo, as well as the best golf courses, restaurants and all amenities. Faro International Airport is accessible in 15 minutes.
The project was submitted to the Chamber for a 3 bedroom single storey house. on just one level. The project includes a spacious entrance hall, closet, an open plan kitchen with pantry, living/dining room with fireplace, office, laundry room and 3 spacious bedrooms, one of them sharing a bathroom and the master suite with wardrobe and direct access to the outdoor pool terrace. The exterior includes many terraces, a swimming pool and a generous garden area. This land is sold with an approved project.
It has mains electricity and a license to drill for water.
This property is presented by Quintas and Casas, voted the best boutique real estate agency in Portugal in 2024.
Located on a plot of 5733m , this fantastic land, for sale, offers 2 articles, an urban one with a ruin and a rustic land. A project for the construction of a 3 bedroom single storey villa with 268m2 plus terraces and swimming pool for a total construction of 299m2, has been submitted and approved by the Loulé City Council and the building permit is ready to be erected. The rustic land with a slight slope offers several fruit trees.
Great access to the national road and A22, the land is 15 minutes drive from the best beaches in the Algarve, 10 minutes from Quinta do Lago and Vale do Lobo, as well as the best golf courses, restaurants and all amenities. Faro International Airport is accessible in 15 minutes.
The project was submitted to the Chamber for a 3 bedroom single storey house. on just one level. The project includes a spacious entrance hall, closet, an open plan kitchen with pantry, living/dining room with fireplace, office, laundry room and 3 spacious bedrooms, one of them sharing a bathroom and the master suite with wardrobe and direct access to the outdoor pool terrace. The exterior includes many terraces, a swimming pool and a generous garden area. This land is sold with an approved project.
It has mains electricity and a license to drill for water.
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
Loulé, Faro, Portugal, 8100-221
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 €295,000 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 |
|---|---|---|---|
| €295,000 | £244,351 | £253,538 | £9,186 |
| Property Price € | €295,000 |
| Minimum cost in the last six months | £244,351 |
| Maximum cost in the last six months | £253,538 |
| Fluctuating exchange rates over the last six months could have increased the cost of this property by | £9,186 |
Loulé, Faro, Portugal, 8100-221
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 €295,000 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 |
|---|---|---|---|
| €295,000 | £244,351 | £253,538 | £9,186 |
| Property Price € | €295,000 |
| Minimum cost in the last six months | £244,351 |
| Maximum cost in the last six months | £253,538 |
| Fluctuating exchange rates over the last six months could have increased the cost of this property by | £9,186 |
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 £9,186 more.
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