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Renovated 2 bedrooms, 3 bathrooms, detached house, for sale, with approved luxury extension proje
Loulé, Faro, Portugal, 8100-225
REF: 913347
€740,000
Description
This recently renovated cottage, for sale, located South of Loulé, comprises 2 bedrooms, 3 bathrooms (two ensuite), an open plan kitchen / living / dining area and separate large shower room. There is also a nice roof terrace with seating to enjoy the sea and country views. The property sits on a 2,000 m2 plot with many fruit trees and has an approved project to build a luxurious 400m2 extension consisting of 6 ensuite bedrooms, 2 family bathrooms and a spacious open plan living area with fitted kitchen leading out to the large pool with terraces, a BBQ and lovely views. The basement will be a huge garage with space to create a gym or cinema.Two of the ensuites will also be on this level, along with a lounge, a utility room + 1 family bathroom. Wonderful opportunity to build your dream home with finishes of your choice.
This property is presented by Quintas and Casas, voted the best boutique real estate agency in Portugal in 2024.
This recently renovated cottage, for sale, located South of Loulé, comprises 2 bedrooms, 3 bathrooms (two ensuite), an open plan kitchen / living / dining area and separate large shower room. There is also a nice roof terrace with seating to enjoy the sea and country views. The property sits on a 2,000 m2 plot with many fruit trees and has an approved project to build a luxurious 400m2 extension consisting of 6 ensuite bedrooms, 2 family bathrooms and a spacious open plan living area with fitted kitchen leading out to the large pool with terraces, a BBQ and lovely views. The basement will be a huge garage with space to create a gym or cinema.Two of the ensuites will also be on this level, along with a lounge, a utility room + 1 family bathroom. Wonderful opportunity to build your dream home with finishes of your choice.
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, 8100-225
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 €740,000 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 |
|---|---|---|---|
| €740,000 | £609,686 | £635,993 | £26,307 |
| Property Price € | €740,000 |
| Minimum cost in the last six months | £609,686 |
| Maximum cost in the last six months | £635,993 |
| Fluctuating exchange rates over the last six months could have increased the cost of this property by | £26,307 |
Loulé, Faro, Portugal, 8100-225
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 €740,000 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 |
|---|---|---|---|
| €740,000 | £609,686 | £635,993 | £26,307 |
| Property Price € | €740,000 |
| Minimum cost in the last six months | £609,686 |
| Maximum cost in the last six months | £635,993 |
| Fluctuating exchange rates over the last six months could have increased the cost of this property by | £26,307 |
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 £26,307 more.
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