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Approved Project for Modern 2-Bed House in Benafim-Ready to Build
Loulé, Faro, Portugal, 8100-350
REF: 1000312
€69,000
Description
Approved project to build contemporary village house in an idyllic location. An opportunity to create a stunning, contemporary home in the heart of the authentic Algarve village of Benafim. This approved project allows for the construction of a stylish, three-story, two-bedroom village house complete with a private patio, replacing a current ruin.
With all architectural plans approved and ready for the construction phase to begin, this is the perfect chance to build your dream home or a highly desirable rental property without the lengthy and uncertain planning process.
This thoughtfully designed project blends modern living with the charm of a traditional village setting. The plans maximize space and light across three floors, creating a comfortable and functional home. The ground floor is designed for open-plan living, flowing out onto a private patio perfect for alfresco dining and enjoying the Algarve's famous climate. The upper floors will house two bedrooms, offering a peaceful retreat.
Benafim is a picturesque and tranquil village that offers an escape from the hustle and bustle of the main coastal resorts, while still being conveniently located. Nestled in the rolling hills of the central Algarve, it is renowned for its welcoming community, local cafes, and stunning natural surroundings.
This project represents a fantastic investment, whether you are looking for a permanent residence, a holiday getaway, or a profitable rental property. With the planning permissions already secured, you can bypass bureaucracy and start building your future in the sun immediately. Please note that this is an approved project and does not include the cost to construct the property.
Approved project to build contemporary village house in an idyllic location. An opportunity to create a stunning, contemporary home in the heart of the authentic Algarve village of Benafim. This approved project allows for the construction of a stylish, three-story, two-bedroom village house complete with a private patio, replacing a current ruin.
With all architectural plans approved and ready for the construction phase to begin, this is the perfect chance to build your dream home or a highly desirable rental property without the lengthy and uncertain planning process.
This thoughtfully designed project blends modern living with the charm of a traditional village setting. The plans maximize space and light across three floors, creating a comfortable and functional home. The ground floor is designed for open-plan living, flowing out onto a private patio perfect for alfresco dining and enjoying the Algarve's famous climate. The upper floors will house two bedrooms, offering a peaceful retreat.
Benafim is a picturesque and tranquil village that offers an escape from the hustle and bustle of the main coastal resorts, while still being conveniently located. Nestled in the rolling hills of the central Algarve, it is renowned for its welcoming community, local cafes, and stunning natural surroundings.
This project represents a fantastic investment, whether you are looking for a permanent residence, a holiday getaway, or a profitable rental property. With the planning permissions already secured, you can bypass bureaucracy and start building your future in the sun immediately. Please note that this is an approved project and does not include the cost to construct the property.
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Currency Exchange
Loulé, Faro, Portugal, 8100-350
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 €69,000 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 |
|---|---|---|---|
| €69,000 | £56,956 | £60,169 | £3,213 |
| Property Price € | €69,000 |
| Minimum cost in the last six months | £56,956 |
| Maximum cost in the last six months | £60,169 |
| Fluctuating exchange rates over the last six months could have increased the cost of this property by | £3,213 |
Loulé, Faro, Portugal, 8100-350
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 €69,000 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 |
|---|---|---|---|
| €69,000 | £56,956 | £60,169 | £3,213 |
| Property Price € | €69,000 |
| Minimum cost in the last six months | £56,956 |
| Maximum cost in the last six months | £60,169 |
| Fluctuating exchange rates over the last six months could have increased the cost of this property by | £3,213 |
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 £3,213 more.
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