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2+1 bedroom apartment in Vila Senhora da Rocha, Algarve
Lagoa, Faro, Portugal, 8400-450
REF: 945000
€515,000
Description
We present this apartment located in the prestigious Vila Senhora da Rocha condominium in the Algarve. This property, refurbished in 2024 with modern finishes, offers a perfect combination of comfort and privacy, ideal for your family vacation or for investment. The apartment consists of two floors, providing flexibility and convenience for future owners. On the second floor there are two bedrooms (one en suite), a guest bathroom, an open-plan kitchen and an excellent terrace with barbecue to enjoy sunny days in the Algarve. On the second floor, there is a bedroom and bathroom. Equipped with double-glazed window frames and air-conditioning in all rooms. In addition, the apartment benefits from a privileged location within the condominium, with easy access to all the amenities it has to offer, such as the four swimming pools (one covered), reception, restaurant and bar, children's playground, tennis courts and gardens, and direct access to Praia Nova and Praia da Nossa Senhora da Rocha. This is a unique opportunity to acquire a versatile property, whether for your own home, a vacation home or for income. Maintenance fee: 145.92/month IMT: 464 /year Available for viewings from April 2025
We present this apartment located in the prestigious Vila Senhora da Rocha condominium in the Algarve. This property, refurbished in 2024 with modern finishes, offers a perfect combination of comfort and privacy, ideal for your family vacation or for investment. The apartment consists of two floors, providing flexibility and convenience for future owners. On the second floor there are two bedrooms (one en suite), a guest bathroom, an open-plan kitchen and an excellent terrace with barbecue to enjoy sunny days in the Algarve. On the second floor, there is a bedroom and bathroom. Equipped with double-glazed window frames and air-conditioning in all rooms. In addition, the apartment benefits from a privileged location within the condominium, with easy access to all the amenities it has to offer, such as the four swimming pools (one covered), reception, restaurant and bar, children's playground, tennis courts and gardens, and direct access to Praia Nova and Praia da Nossa Senhora da Rocha. This is a unique opportunity to acquire a versatile property, whether for your own home, a vacation home or for income. Maintenance fee: 145.92/month IMT: 464 /year Available for viewings from April 2025
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Currency Exchange
Lagoa, Faro, Portugal, 8400-450
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 €515,000 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 |
|---|---|---|---|
| €515,000 | £424,309 | £435,736 | £11,428 |
| Property Price € | €515,000 |
| Minimum cost in the last six months | £424,309 |
| Maximum cost in the last six months | £435,736 |
| Fluctuating exchange rates over the last six months could have increased the cost of this property by | £11,428 |
Lagoa, Faro, Portugal, 8400-450
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 €515,000 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 |
|---|---|---|---|
| €515,000 | £424,309 | £435,736 | £11,428 |
| Property Price € | €515,000 |
| Minimum cost in the last six months | £424,309 |
| Maximum cost in the last six months | £435,736 |
| Fluctuating exchange rates over the last six months could have increased the cost of this property by | £11,428 |
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 £11,428 more.
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