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Renovated Property with 3 Independent Units and Pool in Quatrim do Sul - Moncarapacho
Olhão, Faro, Portugal
REF: 1003926
€849,000
Description
Exclusive Property with 3 Independent Units, Pool, and Income Potential in Moncarapacho Discover an exceptional retreat, fully renovated in 2023, nestled in the serene rural area of Quatrim do Sul - Moncarapacho, just minutes from Olhão, with its famous market, excellent restaurants, and the pier for accessing the stunning barrier islands. This exceptional 230m property offers the perfect combination of flexibility, comfort, and incredible income potential. It's the ideal choice for those dreaming of an authentic Algarve lifestyle, whether for private residence or as a secure and profitable investment. Unique Concept with Multiple Possibilities. The property features three completely self-contained dwellings, each with a private entrance, ensuring total privacy and versatility: -Main Unit: A T3 (three-bedroom) with two floors, ideal for your family, offering ample spaces and privacy. -Additional Units: A T2 (two-bedroom) and a T1 (one-bedroom), perfect for successful short-term rentals, long-term leases, or for comfortably hosting family and friends. Highlights That Make a Difference: - Excellence in Renovation: Completed in 2023, the renovation was comprehensive and meticulous, including new kitchens and bathrooms, fully updated plumbing and electrical systems, and double-glazed windows for superior thermal and acoustic insulation. - Sustainability and Energy Efficiency: With a strong commitment to environmental responsibility and savings, the property integrates three 200L solar water heaters, ensuring efficient and eco-friendly hot water supply. - Resort-Style Pool: One of the main attractions is the secluded pool, generously sized at 5m x 14m. A true oasis of tranquility for enjoying leisure moments or entertaining your guests with elegance under the Algarve sun. - Idyllic Outdoor Spaces: The outdoor area invites relaxation, with a charming pergola, a landscaped garden with fruit trees, and a cistern for irrigation, perfectly complementing the tranquil and rustic ambiance of the area. It is set on a 1219m plot with unobstructed views. This property represents a rare opportunity in the Algarve market, whether for a dream lifestyle change or a strategic real estate investment. #falecomohugo
Exclusive Property with 3 Independent Units, Pool, and Income Potential in Moncarapacho Discover an exceptional retreat, fully renovated in 2023, nestled in the serene rural area of Quatrim do Sul - Moncarapacho, just minutes from Olhão, with its famous market, excellent restaurants, and the pier for accessing the stunning barrier islands. This exceptional 230m property offers the perfect combination of flexibility, comfort, and incredible income potential. It's the ideal choice for those dreaming of an authentic Algarve lifestyle, whether for private residence or as a secure and profitable investment. Unique Concept with Multiple Possibilities. The property features three completely self-contained dwellings, each with a private entrance, ensuring total privacy and versatility: -Main Unit: A T3 (three-bedroom) with two floors, ideal for your family, offering ample spaces and privacy. -Additional Units: A T2 (two-bedroom) and a T1 (one-bedroom), perfect for successful short-term rentals, long-term leases, or for comfortably hosting family and friends. Highlights That Make a Difference: - Excellence in Renovation: Completed in 2023, the renovation was comprehensive and meticulous, including new kitchens and bathrooms, fully updated plumbing and electrical systems, and double-glazed windows for superior thermal and acoustic insulation. - Sustainability and Energy Efficiency: With a strong commitment to environmental responsibility and savings, the property integrates three 200L solar water heaters, ensuring efficient and eco-friendly hot water supply. - Resort-Style Pool: One of the main attractions is the secluded pool, generously sized at 5m x 14m. A true oasis of tranquility for enjoying leisure moments or entertaining your guests with elegance under the Algarve sun. - Idyllic Outdoor Spaces: The outdoor area invites relaxation, with a charming pergola, a landscaped garden with fruit trees, and a cistern for irrigation, perfectly complementing the tranquil and rustic ambiance of the area. It is set on a 1219m plot with unobstructed views. This property represents a rare opportunity in the Algarve market, whether for a dream lifestyle change or a strategic real estate investment. #falecomohugo
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Currency Exchange
Olhão, Faro, 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 €849,000 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 |
|---|---|---|---|
| €849,000 | £700,807 | £743,147 | £42,340 |
| Property Price € | €849,000 |
| Minimum cost in the last six months | £700,807 |
| Maximum cost in the last six months | £743,147 |
| Fluctuating exchange rates over the last six months could have increased the cost of this property by | £42,340 |
Olhão, Faro, 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 €849,000 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 |
|---|---|---|---|
| €849,000 | £700,807 | £743,147 | £42,340 |
| Property Price € | €849,000 |
| Minimum cost in the last six months | £700,807 |
| Maximum cost in the last six months | £743,147 |
| Fluctuating exchange rates over the last six months could have increased the cost of this property by | £42,340 |
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 £42,340 more.
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