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House to be renovated or with the option of a project for a new build in Loule
Loulé, Faro, Portugal, 8100-246
REF: 913441
€185,000
Description
This semi-detached property offers a good opportunity for someone looking to invest in a project either for renovation and expansion or the option of submitting a project for a new built.
Located down a lane and with just countryside around this plot offers a peaceful position.
The existing property could be refurbished to provide a cosy residence with 2 bedrooms or alternatively this property is in a zona expansão urbana área. Therefore, on the plot it is possible to either refurbish and extend what is already there or build a house of 300m2 with a ground floor and first floor plus 150m2 extra in covered areas to use for a swimming pool, covered terraces and terraces, so this allows the possibility for a large house to be built. The surrounding countryside will then be enjoyed in full from the first floor.
Conveniently located, with a short drive to the historic town of Loule and the popular village of Santa Barbara de Nexe. Benefiting also from quick and easy access to the MAR shopping. Faro International airport and the beaches of the Algarve are within a 20 minute drive with Sao Bras de Alportel being 15 minutes away.
This property is presented by Quintas and Casas, voted the best boutique real estate agency in Portugal in 2024.
This semi-detached property offers a good opportunity for someone looking to invest in a project either for renovation and expansion or the option of submitting a project for a new built.
Located down a lane and with just countryside around this plot offers a peaceful position.
The existing property could be refurbished to provide a cosy residence with 2 bedrooms or alternatively this property is in a zona expansão urbana área. Therefore, on the plot it is possible to either refurbish and extend what is already there or build a house of 300m2 with a ground floor and first floor plus 150m2 extra in covered areas to use for a swimming pool, covered terraces and terraces, so this allows the possibility for a large house to be built. The surrounding countryside will then be enjoyed in full from the first floor.
Conveniently located, with a short drive to the historic town of Loule and the popular village of Santa Barbara de Nexe. Benefiting also from quick and easy access to the MAR shopping. Faro International airport and the beaches of the Algarve are within a 20 minute drive with Sao Bras de Alportel being 15 minutes away.
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 €185,000 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 |
|---|---|---|---|
| €185,000 | £153,237 | £158,998 | £5,761 |
| Property Price € | €185,000 |
| Minimum cost in the last six months | £153,237 |
| Maximum cost in the last six months | £158,998 |
| Fluctuating exchange rates over the last six months could have increased the cost of this property by | £5,761 |
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 €185,000 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 |
|---|---|---|---|
| €185,000 | £153,237 | £158,998 | £5,761 |
| Property Price € | €185,000 |
| Minimum cost in the last six months | £153,237 |
| Maximum cost in the last six months | £158,998 |
| Fluctuating exchange rates over the last six months could have increased the cost of this property by | £5,761 |
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 £5,761 more.
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