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Charming Old House with Spacious Land and Rebuilding Potential Near Loulé
Loulé, Faro, Portugal, 8100-255
REF: 920845
€350,000
Description
This property offers a unique opportunity for those seeking a serene and spacious retreat close to the vibrant center of Loulé. Situated just a few minutes' drive from the town, this old house is nestled in a peaceful and tranquil area, providing an ideal setting for those who value privacy and the charm of rural living while staying within easy reach of urban conveniences.
The house sits on a generous plot of land, offering ample space for various outdoor activities, gardening, or add landscaped gardens. The surrounding environment is calm and picturesque, making it an excellent choice for a family home, a vacation retreat, or an investment property.
A key advantage of this property is its potential for transformation. A project has already been submitted to the local council, allowing for the reconstruction of the existing structure. This opens up a world of possibilities to redesign the space according to your preferences and needs, whether you envision a modern home with traditional elements or a complete restoration of the property's original charm.
This combination of location, land size, and development potential makes this property a rare find in the Loulé area.
Don't miss the chance to create your dream home in one of the Algarve's most sought-after regions.
This property offers a unique opportunity for those seeking a serene and spacious retreat close to the vibrant center of Loulé. Situated just a few minutes' drive from the town, this old house is nestled in a peaceful and tranquil area, providing an ideal setting for those who value privacy and the charm of rural living while staying within easy reach of urban conveniences.
The house sits on a generous plot of land, offering ample space for various outdoor activities, gardening, or add landscaped gardens. The surrounding environment is calm and picturesque, making it an excellent choice for a family home, a vacation retreat, or an investment property.
A key advantage of this property is its potential for transformation. A project has already been submitted to the local council, allowing for the reconstruction of the existing structure. This opens up a world of possibilities to redesign the space according to your preferences and needs, whether you envision a modern home with traditional elements or a complete restoration of the property's original charm.
This combination of location, land size, and development potential makes this property a rare find in the Loulé area.
Don't miss the chance to create your dream home in one of the Algarve's most sought-after regions.
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Currency Exchange
Loulé, Faro, Portugal, 8100-255
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 €350,000 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 |
|---|---|---|---|
| €350,000 | £288,365 | £303,832 | £15,467 |
| Property Price € | €350,000 |
| Minimum cost in the last six months | £288,365 |
| Maximum cost in the last six months | £303,832 |
| Fluctuating exchange rates over the last six months could have increased the cost of this property by | £15,467 |
Loulé, Faro, Portugal, 8100-255
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 €350,000 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 |
|---|---|---|---|
| €350,000 | £288,365 | £303,832 | £15,467 |
| Property Price € | €350,000 |
| Minimum cost in the last six months | £288,365 |
| Maximum cost in the last six months | £303,832 |
| Fluctuating exchange rates over the last six months could have increased the cost of this property by | £15,467 |
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 £15,467 more.
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