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House to renovate with lots of potential in Loulé
Loulé, Faro, Portugal, 8100-246
REF: 913390
€220,000
Description
This property offers a good opportunity for someone looking to invest in a project that involves both renovation and expansion.
This plot is located in a zone of urban expansion, making it possible to build a 300m2 house with a ground floor and first floor plus an extra 150m2 in covered areas to use for a swimming pool, covered terraces and roof terraces.
If the buyer does not wish to incorporate the existing property into their new construction project because it is too close to the road, they will have the possibility of slightly changing the house, as it is within an urban expansion zone.
The plot is completely south-facing, making it ideal for a swimming pool, outdoor living spaces and solar panels to make the most of the Algarve sun.
With the addition of a first floor, any buyer could take full advantage of the tranquil views of the surrounding countryside
The warehouse on the plot is secure and has electricity connected.
Mains water and sewage are available in the street and only need to be connected.
Conveniently located, just a short drive from Loulé and Santa Bárbara. This is advantageous as it provides easy access to amenities, services and potentially leisure areas in these nearby towns.
Access to Loulé: Loulé is known for its historic architecture, markets and cultural events. Living nearby allows residents to enjoy these offerings conveniently.
Access to Santa Bárbara: Santa Bárbara is likely to provide a more rural or suburban atmosphere, offering a contrast to urban life and potentially providing a calmer environment.
This property is presented by Quintas and Casas, voted the best boutique real estate agency in Portugal in 2024.
This property offers a good opportunity for someone looking to invest in a project that involves both renovation and expansion.
This plot is located in a zone of urban expansion, making it possible to build a 300m2 house with a ground floor and first floor plus an extra 150m2 in covered areas to use for a swimming pool, covered terraces and roof terraces.
If the buyer does not wish to incorporate the existing property into their new construction project because it is too close to the road, they will have the possibility of slightly changing the house, as it is within an urban expansion zone.
The plot is completely south-facing, making it ideal for a swimming pool, outdoor living spaces and solar panels to make the most of the Algarve sun.
With the addition of a first floor, any buyer could take full advantage of the tranquil views of the surrounding countryside
The warehouse on the plot is secure and has electricity connected.
Mains water and sewage are available in the street and only need to be connected.
Conveniently located, just a short drive from Loulé and Santa Bárbara. This is advantageous as it provides easy access to amenities, services and potentially leisure areas in these nearby towns.
Access to Loulé: Loulé is known for its historic architecture, markets and cultural events. Living nearby allows residents to enjoy these offerings conveniently.
Access to Santa Bárbara: Santa Bárbara is likely to provide a more rural or suburban atmosphere, offering a contrast to urban life and potentially providing a calmer environment.
This property is presented by Quintas and Casas, voted the best boutique real estate agency in Portugal in 2024.
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Property on Map
Currency Exchange
Loulé, Faro, Portugal, 8100-246
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 €220,000 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 |
|---|---|---|---|
| €220,000 | £182,228 | £189,079 | £6,851 |
| Property Price € | €220,000 |
| Minimum cost in the last six months | £182,228 |
| Maximum cost in the last six months | £189,079 |
| Fluctuating exchange rates over the last six months could have increased the cost of this property by | £6,851 |
Loulé, Faro, Portugal, 8100-246
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 €220,000 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 |
|---|---|---|---|
| €220,000 | £182,228 | £189,079 | £6,851 |
| Property Price € | €220,000 |
| Minimum cost in the last six months | £182,228 |
| Maximum cost in the last six months | £189,079 |
| Fluctuating exchange rates over the last six months could have increased the cost of this property by | £6,851 |
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 £6,851 more.
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