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Silves-Messines-Mogas | Two properties, one deal ! Semi-detached ruin with land + Urban plot
Silves, Faro, Portugal, 8375-048
REF: 933903
€180,000
Description
Joint sale of a mixed property and an urban plot, the mixed part comprising a semi-detached ruin with an area of 120 m2, set in a plot of land with 3,460 m2 and an urban plot with 1,100 m2, located in a quiet area in the countryside, in the typical village of Mogas - S. B. de Messines, with pleasant countryside views. Both properties are practically flat and regular in shape, with the ruin positioned in the north/east corner and set back from the access road, allowing for plenty of privacy. The urban plot at south, is Ideal for a project to build a big countryside home (building index at the PDM of 50% of the total area of the land) for habitation, or income: - Up to 550 sq.m. of construction allowed, on 2 floors above ground (plus basement and swimming pool); - Alternatively, 2 symmetrical semi-detached villas could be built in horizontal ownership, dividing the construction area and patio: 275 sq.m. of construction on 2 floors above ground (plus basement and individual pool) and 550 sq.m. of patio each. Infrastructures: Good access via tarmac road; Electricity; Mains water (with meter box); Telephone; In addition to building on the urban plot, there is the possibility of rebuilding the ruin. Distances: Silves: 11 km; Alcantarilha / National Road 125 / A22 highway / Amendoeira Golf Resort: 14 km; Armação de Pêra (beach): 17 km; Faro Airport: 56 km.
Joint sale of a mixed property and an urban plot, the mixed part comprising a semi-detached ruin with an area of 120 m2, set in a plot of land with 3,460 m2 and an urban plot with 1,100 m2, located in a quiet area in the countryside, in the typical village of Mogas - S. B. de Messines, with pleasant countryside views. Both properties are practically flat and regular in shape, with the ruin positioned in the north/east corner and set back from the access road, allowing for plenty of privacy. The urban plot at south, is Ideal for a project to build a big countryside home (building index at the PDM of 50% of the total area of the land) for habitation, or income: - Up to 550 sq.m. of construction allowed, on 2 floors above ground (plus basement and swimming pool); - Alternatively, 2 symmetrical semi-detached villas could be built in horizontal ownership, dividing the construction area and patio: 275 sq.m. of construction on 2 floors above ground (plus basement and individual pool) and 550 sq.m. of patio each. Infrastructures: Good access via tarmac road; Electricity; Mains water (with meter box); Telephone; In addition to building on the urban plot, there is the possibility of rebuilding the ruin. Distances: Silves: 11 km; Alcantarilha / National Road 125 / A22 highway / Amendoeira Golf Resort: 14 km; Armação de Pêra (beach): 17 km; Faro Airport: 56 km.
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Currency Exchange
Silves, Faro, Portugal, 8375-048
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 €180,000 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 |
|---|---|---|---|
| €180,000 | £148,302 | £152,296 | £3,994 |
| Property Price € | €180,000 |
| Minimum cost in the last six months | £148,302 |
| Maximum cost in the last six months | £152,296 |
| Fluctuating exchange rates over the last six months could have increased the cost of this property by | £3,994 |
Silves, Faro, Portugal, 8375-048
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 €180,000 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 |
|---|---|---|---|
| €180,000 | £148,302 | £152,296 | £3,994 |
| Property Price € | €180,000 |
| Minimum cost in the last six months | £148,302 |
| Maximum cost in the last six months | £152,296 |
| Fluctuating exchange rates over the last six months could have increased the cost of this property by | £3,994 |
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 £3,994 more.
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