Mansion T3+2 Sell in Monchique,Monchique

Monchique, Portugal

For Sale

€1,195,000

REF: 926712 €1,195,000


5


Description

Charming 5-Bedroom Mansion Near the Thermal Resort in the AlgarveThis delightful mansion, originally a 28-room property built in 1938, has been meticulously renovated and transformed into a stunning 5-bedroom family home.Located just 18 km from Portim o, it offers a unique lifestyle experience nestled between mountains and coastline, with convenient access to supermarkets and shopping centers.Set in the picturesque thermal village of Caldas de Monchique, renowned for its 9.5 pH mineral water and thermal baths prized by the Romans for their purported healing properties the property combines historical charm with modern comfort.Caldas de Monchique and its renowned thermal spa are undergoing a revitalization project, further enhancing the area's appeal and accessibility.Property FeaturesBedrooms and Bathrooms: 3 en-suite bedrooms and a guest WC with laundry area 2 guest bedrooms which can be accessed via the main lounge area or by the main patio area (lower level).

The rooms are in a linked annex that has a living room, kitchen, and family bathroom for the guests to share. 1 guest WC in the main living areaTerraces: Two separate terraces, one on each of the upper floorsAnnex: Currently a 3-car garage, with potential for conversion into an additional guest houseLiving Areas: Spacious, open-plan interiors with Art Deco-inspired design Elegant gallery on the third floorKitchen and Laundry: Modern wood-fired oven in the main kitchen Dedicated laundry areaOutdoor Spaces: Recently renovated pool with pre-installed heating system Two goldfish ponds Expansive gardens with fruit trees and low-maintenance landscapingAdditional Comforts: Central heating powered by solar panels, supplemented by two boilers Two fireplaces, one with a heat recovery system Ceiling fans in all bedrooms Double-glazed windows Mains water sourced from the local mineral water springLocation Highlights 2 minutes from multiple restaurants 5 km to local shops 5 Km to schools 5 km to the local helipad 6 km to the local health center 18 km to shopping centers 18 km to Morgado Golf Course 19 km to the Algarve International Racetrack 21 km to the beaches of the Algarve's southern coast 78 km to Faro International AirportThis property offers you the experience of living in harmony with nature every day, whether through enjoying fresh fruits from its gardens and patio area or through the many outdoor living spaces that allow you to admire the beauty of the natural surroundings.
Charming 5-Bedroom Mansion Near the Thermal Resort in the AlgarveThis delightful mansion, originally a 28-room property built in 1938, has been meticulously renovated and transformed into a stunning 5-bedroom family home.Located just 18 km from Portim o, it offers a unique lifestyle experience nestled between mountains and coastline, with convenient access to supermarkets and shopping centers.Set in the picturesque thermal village of Caldas de Monchique, renowned for its 9.5 pH mineral water and thermal baths prized by the Romans for their purported healing properties the property combines historical charm with modern comfort.Caldas de Monchique and its renowned thermal spa are undergoing a revitalization project, further enhancing the area's appeal and accessibility.Property FeaturesBedrooms and Bathrooms: 3 en-suite bedrooms and a guest WC with laundry area 2 guest bedrooms which can be accessed via the main lounge area or by the main patio area (lower level).

The rooms are in a linked annex that has a living room, kitchen, and family bathroom for the guests to share. 1 guest WC in the main living areaTerraces: Two separate terraces, one on each of the upper floorsAnnex: Currently a 3-car garage, with potential for conversion into an additional guest houseLiving Areas: Spacious, open-plan interiors with Art Deco-inspired design Elegant gallery on the third floorKitchen and Laundry: Modern wood-fired oven in the main kitchen Dedicated laundry areaOutdoor Spaces: Recently renovated pool with pre-installed heating system Two goldfish ponds Expansive gardens with fruit trees and low-maintenance landscapingAdditional Comforts: Central heating powered by solar panels, supplemented by two boilers Two fireplaces, one with a heat recovery system Ceiling fans in all bedrooms Double-glazed windows Mains water sourced from the local mineral water springLocation Highlights 2 minutes from multiple restaurants 5 km to local shops 5 Km to schools 5 km to the local helipad 6 km to the local health center 18 km to shopping centers 18 km to Morgado Golf Course 19 km to the Algarve International Racetrack 21 km to the beaches of the Algarve's southern coast 78 km to Faro International AirportThis property offers you the experience of living in harmony with nature every day, whether through enjoying fresh fruits from its gardens and patio area or through the many outdoor living spaces that allow you to admire the beauty of the natural surroundings.
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Property on Map

#4694

Currency Exchange

Monchique, 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 €1,195,000 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
€1,195,000 £984,561 £1,027,043 £42,482
Property Price € €1,195,000
Minimum cost in the last six months £984,561
Maximum cost in the last six months £1,027,043
Fluctuating exchange rates over the last six months could have increased the cost of this property by £42,482

Monchique, 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 €1,195,000 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
€1,195,000 £984,561 £1,027,043 £42,482
Property Price € €1,195,000
Minimum cost in the last six months £984,561
Maximum cost in the last six months £1,027,043
Fluctuating exchange rates over the last six months could have increased the cost of this property by £42,482

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 £42,482 more.

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