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Located in the heart of Alentejo, in the peaceful village of Cortiçadas de Lavre, this exceptional rural estate offers the perfect balance between natural beauty, tranquillity, and strong development potential
Montemor-o-Novo, Évora, Portugal
REF: 958900
€527,000
Description
Located in the heart of Alentejo, in the peaceful village of Cortiçadas de Lavre, this exceptional rural estate offers the perfect balance between natural beauty, tranquillity, and strong development potential. Covering a generous plot of 18,750 sqm, the land is crossed by a gentle stream and features a small pond, creating a serene and picturesque setting. The main residential unit is a fully equipped 3-bedroom villa currently operating as a licensed local accommodation (AL), ideal for immediate income generation through rural tourism. A second, large multi-purpose building houses two bedrooms, a gym, a functional kitchen, and a spacious lounge area. This versatile space is perfectly suited for hosting events, retreats, workshops, or communal gatherings — offering great potential for further development within the tourism or wellness sectors. Enhancing the leisure offering, the property includes two swimming pools and a football field, making it particularly attractive for families, groups, or organized activities. There are also several former agricultural buildings that were previously used as dormitories during the property's time as a summer camp. These structures hold significant potential for renovation and expansion, whether for additional accommodation units or thematic lodging concepts. Strategically located just over an hour from Lisbon, this estate combines the authenticity and calm of the Alentejo countryside with excellent accessibility to the capital. Whether you're looking for a lifestyle change, a tourism investment, or a project with flexible possibilities, this is a unique opportunity to own a property full of character and potential in one of Portugal’s most sought-after rural regions. #ref: 140211
Located in the heart of Alentejo, in the peaceful village of Cortiçadas de Lavre, this exceptional rural estate offers the perfect balance between natural beauty, tranquillity, and strong development potential. Covering a generous plot of 18,750 sqm, the land is crossed by a gentle stream and features a small pond, creating a serene and picturesque setting. The main residential unit is a fully equipped 3-bedroom villa currently operating as a licensed local accommodation (AL), ideal for immediate income generation through rural tourism. A second, large multi-purpose building houses two bedrooms, a gym, a functional kitchen, and a spacious lounge area. This versatile space is perfectly suited for hosting events, retreats, workshops, or communal gatherings — offering great potential for further development within the tourism or wellness sectors. Enhancing the leisure offering, the property includes two swimming pools and a football field, making it particularly attractive for families, groups, or organized activities. There are also several former agricultural buildings that were previously used as dormitories during the property's time as a summer camp. These structures hold significant potential for renovation and expansion, whether for additional accommodation units or thematic lodging concepts. Strategically located just over an hour from Lisbon, this estate combines the authenticity and calm of the Alentejo countryside with excellent accessibility to the capital. Whether you're looking for a lifestyle change, a tourism investment, or a project with flexible possibilities, this is a unique opportunity to own a property full of character and potential in one of Portugal’s most sought-after rural regions. #ref: 140211
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Currency Exchange
Montemor-o-Novo, Évora, 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 €527,000 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 |
|---|---|---|---|
| €527,000 | £434,195 | £457,483 | £23,288 |
| Property Price € | €527,000 |
| Minimum cost in the last six months | £434,195 |
| Maximum cost in the last six months | £457,483 |
| Fluctuating exchange rates over the last six months could have increased the cost of this property by | £23,288 |
Montemor-o-Novo, Évora, 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 €527,000 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 |
|---|---|---|---|
| €527,000 | £434,195 | £457,483 | £23,288 |
| Property Price € | €527,000 |
| Minimum cost in the last six months | £434,195 |
| Maximum cost in the last six months | £457,483 |
| Fluctuating exchange rates over the last six months could have increased the cost of this property by | £23,288 |
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 £23,288 more.
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