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Incredibly spacious detached villa with outstanding ocean views
Albufeira, Faro, Portugal, 8200-294 ALBUFEIRA
REF: 294619
€1,950,000
Description
Located a few steps from Aveiros beach, this substantial and character property boasts stunning ocean views, a garden, and a large heated pool. The perfect property to personalize and upgrade to create a bespoke coastal retreat or investment. Incredibly spacious detached 3 or 4 villa with outstanding ocean views
A fine example of a traditionally designed family residence, located in one of the finest coastal positions in the central Algarve. Within a few moments' walk of Praia dos Aveiros, this substantial residence is also a short distance from Old Town Albufeira, Balaia, and Salgados Golf, and Albufeira Marina yet is on a quiet location.
Currently configured to maximize interior space, this superb residence offers three large bedroom suites, of which two are situated on the ground floor. There are also two living rooms, with both having access to outdoor spaces, with notable and expansive ocean views, especially from the first-floor terrace. This first-floor living would make a wonderful 4th bedroom.
Also on the ground floor is a fully equipped and separate kitchen, with additional storage and laundry room adjacent. There are also an entrance hall, cloakroom facilities, and a private garage. Underfloor heating is provided throughout the property.
Outdoors, there is a large south-facing garden with a heated pool and terraced terracotta tiled deck with steps up to an €˜L€™ shaped and shaded dining terrace, from where ocean views can be enjoyed.
This character residence would be ideal as a permanent home, or future buyers may wish to remodel the property to create a bespoke coastal property with the possibility to generate substantial holiday rental income (subject to licensing) or home and income.
Located a few steps from Aveiros beach, this substantial and character property boasts stunning ocean views, a garden, and a large heated pool. The perfect property to personalize and upgrade to create a bespoke coastal retreat or investment. Incredibly spacious detached 3 or 4 villa with outstanding ocean views
A fine example of a traditionally designed family residence, located in one of the finest coastal positions in the central Algarve. Within a few moments' walk of Praia dos Aveiros, this substantial residence is also a short distance from Old Town Albufeira, Balaia, and Salgados Golf, and Albufeira Marina yet is on a quiet location.
Currently configured to maximize interior space, this superb residence offers three large bedroom suites, of which two are situated on the ground floor. There are also two living rooms, with both having access to outdoor spaces, with notable and expansive ocean views, especially from the first-floor terrace. This first-floor living would make a wonderful 4th bedroom.
Also on the ground floor is a fully equipped and separate kitchen, with additional storage and laundry room adjacent. There are also an entrance hall, cloakroom facilities, and a private garage. Underfloor heating is provided throughout the property.
Outdoors, there is a large south-facing garden with a heated pool and terraced terracotta tiled deck with steps up to an €˜L€™ shaped and shaded dining terrace, from where ocean views can be enjoyed.
This character residence would be ideal as a permanent home, or future buyers may wish to remodel the property to create a bespoke coastal property with the possibility to generate substantial holiday rental income (subject to licensing) or home and income.
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Currency Exchange
Albufeira, Faro, Portugal, 8200-294 ALBUFEIRA
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 €1,950,000 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 |
|---|---|---|---|
| €1,950,000 | £1,658,846 | £1,709,253 | £50,408 |
| Property Price € | €1,950,000 |
| Minimum cost in the last six months | £1,658,846 |
| Maximum cost in the last six months | £1,709,253 |
| Fluctuating exchange rates over the last six months could have increased the cost of this property by | £50,408 |
Albufeira, Faro, Portugal, 8200-294 ALBUFEIRA
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 €1,950,000 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 |
|---|---|---|---|
| €1,950,000 | £1,658,846 | £1,709,253 | £50,408 |
| Property Price € | €1,950,000 |
| Minimum cost in the last six months | £1,658,846 |
| Maximum cost in the last six months | £1,709,253 |
| Fluctuating exchange rates over the last six months could have increased the cost of this property by | £50,408 |
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 £50,408 more.
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