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South facing 4 Bedroom villa with sea view in nice location
Loulé, Faro, Portugal, 8100-221
REF: 913479
€599,000
Description
This four-bedroom property is well located just five minutes from the popular market town of Loule with all its amenities and only fifteen minutes from Faro international airport.
The current layout of the house allows it to be used as two separate units, both with a kitchen, a lounge and two bedrooms. One unit has two bathrooms including an en-suite, the other has one bathroom. This layout offers potential to live in one side of the house, whilst renting the other, or the possibility of renting both units, providing a profitable rental income. Alternatively, the layout can be changed to create a beautiful, spacious four-bedroom house to be used as a full-time family home or holiday home. The property is in need of some renovation work to modernize it, but due to the good location, and swimming pool with stunning sea views and large covered terrace with BBQ it represents a good investment. Although being close to all amenities the property is in a very tranquil setting and with a plot of 1100m2 offering the opportunity to make a wonderful garden. The mains water and drainage is available for the connection. Don t hesitate to contact us to arrange your viewing of this high potential property.
This four-bedroom property is well located just five minutes from the popular market town of Loule with all its amenities and only fifteen minutes from Faro international airport.
The current layout of the house allows it to be used as two separate units, both with a kitchen, a lounge and two bedrooms. One unit has two bathrooms including an en-suite, the other has one bathroom. This layout offers potential to live in one side of the house, whilst renting the other, or the possibility of renting both units, providing a profitable rental income. Alternatively, the layout can be changed to create a beautiful, spacious four-bedroom house to be used as a full-time family home or holiday home. The property is in need of some renovation work to modernize it, but due to the good location, and swimming pool with stunning sea views and large covered terrace with BBQ it represents a good investment. Although being close to all amenities the property is in a very tranquil setting and with a plot of 1100m2 offering the opportunity to make a wonderful garden. The mains water and drainage is available for the connection. Don t hesitate to contact us to arrange your viewing of this high potential property.
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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 €599,000 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 |
|---|---|---|---|
| €599,000 | £496,158 | £514,811 | £18,653 |
| Property Price € | €599,000 |
| Minimum cost in the last six months | £496,158 |
| Maximum cost in the last six months | £514,811 |
| Fluctuating exchange rates over the last six months could have increased the cost of this property by | £18,653 |
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 €599,000 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 |
|---|---|---|---|
| €599,000 | £496,158 | £514,811 | £18,653 |
| Property Price € | €599,000 |
| Minimum cost in the last six months | £496,158 |
| Maximum cost in the last six months | £514,811 |
| Fluctuating exchange rates over the last six months could have increased the cost of this property by | £18,653 |
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 £18,653 more.
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