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The Green House is located on the river front in the centre of Tavira
Tavira, Faro, Portugal
REF: 919020
€990,000
Description
The Green House is located on the river front in the centre of Tavira. This area is the best location in the city of Tavira. This unique property has a privileged location on the river front overlooking the Roman Bridge and on one of the only roads in the city with no traffic. Fantastic property for investment with the possibility to build up to 5 town houses and/or the ground floor of this property would also make a very fine Restaurant and Bar with a lot of foot traffic all year round. There is no planning permission required from the town hall, however the property needs total renovation. At present the property consists of: - Nº32: T1 on ground floor; - Nº 28: T2 on the ground floor; - Nº 30: T4 on the second/ third floor (third floor: 1 room and a patio). - Nº 31 has 2 door access at the rear of the property with a lot of potential for development, but planning permission would need to be obtained on this side of the property. - The Garage (Sold separately): Located at the back of the property with 40sqm is on a separate Title Deed. With planning permission from the local Council you could build a Town House on this site. Book your visit now to not miss out on this opportunity. #ref: 132781
The Green House is located on the river front in the centre of Tavira. This area is the best location in the city of Tavira. This unique property has a privileged location on the river front overlooking the Roman Bridge and on one of the only roads in the city with no traffic. Fantastic property for investment with the possibility to build up to 5 town houses and/or the ground floor of this property would also make a very fine Restaurant and Bar with a lot of foot traffic all year round. There is no planning permission required from the town hall, however the property needs total renovation. At present the property consists of: - Nº32: T1 on ground floor; - Nº 28: T2 on the ground floor; - Nº 30: T4 on the second/ third floor (third floor: 1 room and a patio). - Nº 31 has 2 door access at the rear of the property with a lot of potential for development, but planning permission would need to be obtained on this side of the property. - The Garage (Sold separately): Located at the back of the property with 40sqm is on a separate Title Deed. With planning permission from the local Council you could build a Town House on this site. Book your visit now to not miss out on this opportunity. #ref: 132781
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Currency Exchange
Tavira, Faro, Portugal
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 €990,000 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 |
|---|---|---|---|
| €990,000 | £815,661 | £850,856 | £35,195 |
| Property Price € | €990,000 |
| Minimum cost in the last six months | £815,661 |
| Maximum cost in the last six months | £850,856 |
| Fluctuating exchange rates over the last six months could have increased the cost of this property by | £35,195 |
Tavira, Faro, Portugal
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 €990,000 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 |
|---|---|---|---|
| €990,000 | £815,661 | £850,856 | £35,195 |
| Property Price € | €990,000 |
| Minimum cost in the last six months | £815,661 |
| Maximum cost in the last six months | £850,856 |
| Fluctuating exchange rates over the last six months could have increased the cost of this property by | £35,195 |
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 £35,195 more.
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