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Unique Property with Two Houses and a Spacious Plot Near Loulé
Loulé, Faro, Portugal, 8100-255
REF: 928744
€700,000
Description
Situated in the Poço Novo area, near the city of Loulé, this exceptional property seamlessly blends the charm of traditional construction from 1914 and 1934 with the convenience of a prime location.
With a generous plot of 10,363 m and a gross built area of 293 m , this property offers endless possibilities, whether as a private residence or an investment opportunity.
Key Features
Main House:
3 bedrooms
2 bathrooms
Kitchen and living room
Secondary House (for renovation):
2 bedrooms
1 bathroom
Kitchen and living room
Infrastructure:
Water supply from both the public network and a private borehole
Septic tank (with the option to connect to nearby water and sewage networks)
Electricity
Backyard with a laundry area
Variety of fruit trees
Prime Location
5 minutes from Loulé
10 minutes from the A22 motorway
12 minutes from MAR Shopping Algarve
15 minutes from Nobel International School
25 minutes from Faro Airport
Additional Details
Land Area: 10,363 m
Gross Built Area: 293 m
Total Bedrooms: 5+
Energy Efficiency Rating: F
A Unique Opportunity
This is an excellent opportunity for those seeking a spacious property with great potential for renovation and value appreciation. Whether for personal use or as an investment, the location, size, and features of this property make it a truly remarkable option.
Situated in the Poço Novo area, near the city of Loulé, this exceptional property seamlessly blends the charm of traditional construction from 1914 and 1934 with the convenience of a prime location.
With a generous plot of 10,363 m and a gross built area of 293 m , this property offers endless possibilities, whether as a private residence or an investment opportunity.
Key Features
Main House:
3 bedrooms
2 bathrooms
Kitchen and living room
Secondary House (for renovation):
2 bedrooms
1 bathroom
Kitchen and living room
Infrastructure:
Water supply from both the public network and a private borehole
Septic tank (with the option to connect to nearby water and sewage networks)
Electricity
Backyard with a laundry area
Variety of fruit trees
Prime Location
5 minutes from Loulé
10 minutes from the A22 motorway
12 minutes from MAR Shopping Algarve
15 minutes from Nobel International School
25 minutes from Faro Airport
Additional Details
Land Area: 10,363 m
Gross Built Area: 293 m
Total Bedrooms: 5+
Energy Efficiency Rating: F
A Unique Opportunity
This is an excellent opportunity for those seeking a spacious property with great potential for renovation and value appreciation. Whether for personal use or as an investment, the location, size, and features of this property make it a truly remarkable option.
Read More
Property on Map
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 €700,000 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 |
|---|---|---|---|
| €700,000 | £576,730 | £607,460 | £30,730 |
| Property Price € | €700,000 |
| Minimum cost in the last six months | £576,730 |
| Maximum cost in the last six months | £607,460 |
| Fluctuating exchange rates over the last six months could have increased the cost of this property by | £30,730 |
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 €700,000 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 |
|---|---|---|---|
| €700,000 | £576,730 | £607,460 | £30,730 |
| Property Price € | €700,000 |
| Minimum cost in the last six months | £576,730 |
| Maximum cost in the last six months | £607,460 |
| Fluctuating exchange rates over the last six months could have increased the cost of this property by | £30,730 |
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 £30,730 more.
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