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Charming Single-Level Villa with Distant Coastal Views and Approved Extension Project
Loulé, Faro, Portugal, 8100-070
REF: 958501
€1,050,000
Description
Nestled on the edge of the highly desirable village of Boliqueime, this charming villa enjoys a peaceful and private setting on a generous plot, offering sweeping views of the surrounding countryside and the distant coastline.
Designed across a single level, the property features a spacious and light-filled living room with direct views over the swimming pool, a dedicated dining area, and a fully fitted kitchen. There are three bright and airy bedrooms, in addition to a fourth room currently used as an office, along with three well-appointed bathrooms.
The lower level of the property includes a large garage, a technical room, and an expansive storage area that offers excellent potential for conversion or further development. A previously approved project for a substantial extension though not carried out by the current owner adds significant scope for transforming the villa into a luxurious and expansive residence.
Set within a fully walled and gated plot, the exterior space is both functional and inviting, featuring a private swimming pool, barbecue area, and beautifully landscaped surroundings. The property benefits from a private borehole, mains water connection, underground gas tank, air conditioning, high-speed internet, and ample parking.
With its superb location, open views, and excellent potential for expansion, this property presents a rare opportunity to create a bespoke home in one of the Algarve s most sought-after areas. A viewing is highly recommended to fully appreciate the possibilities.
Nestled on the edge of the highly desirable village of Boliqueime, this charming villa enjoys a peaceful and private setting on a generous plot, offering sweeping views of the surrounding countryside and the distant coastline.
Designed across a single level, the property features a spacious and light-filled living room with direct views over the swimming pool, a dedicated dining area, and a fully fitted kitchen. There are three bright and airy bedrooms, in addition to a fourth room currently used as an office, along with three well-appointed bathrooms.
The lower level of the property includes a large garage, a technical room, and an expansive storage area that offers excellent potential for conversion or further development. A previously approved project for a substantial extension though not carried out by the current owner adds significant scope for transforming the villa into a luxurious and expansive residence.
Set within a fully walled and gated plot, the exterior space is both functional and inviting, featuring a private swimming pool, barbecue area, and beautifully landscaped surroundings. The property benefits from a private borehole, mains water connection, underground gas tank, air conditioning, high-speed internet, and ample parking.
With its superb location, open views, and excellent potential for expansion, this property presents a rare opportunity to create a bespoke home in one of the Algarve s most sought-after areas. A viewing is highly recommended to fully appreciate the possibilities.
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Currency Exchange
Loulé, Faro, Portugal, 8100-070
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 €1,050,000 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 |
|---|---|---|---|
| €1,050,000 | £865,095 | £911,495 | £46,400 |
| Property Price € | €1,050,000 |
| Minimum cost in the last six months | £865,095 |
| Maximum cost in the last six months | £911,495 |
| Fluctuating exchange rates over the last six months could have increased the cost of this property by | £46,400 |
Loulé, Faro, Portugal, 8100-070
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 €1,050,000 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 |
|---|---|---|---|
| €1,050,000 | £865,095 | £911,495 | £46,400 |
| Property Price € | €1,050,000 |
| Minimum cost in the last six months | £865,095 |
| Maximum cost in the last six months | £911,495 |
| Fluctuating exchange rates over the last six months could have increased the cost of this property by | £46,400 |
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 £46,400 more.
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