Traditional villa in fenced property for sale on the outskirts of the town of Silves, Algarve

Silves, Faro, Portugal

For Sale

€310,000

REF: 612216 €310,000


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Description

Fantastic opportunity to buy a traditional Algarvian country house, on the outskirts of the town of Silves within walking distance of all amenities, restaurants, schools, beaches, golf, etc. This cozy single storey house of 53.20m2 is set in a fenced plot of 453m2, and consists of a living room, kitchen with dining area, 2 bedrooms and a bathroom.

It has a covered terrace from the kitchen, a roof terrace with storage and a low maintenance garden, with cistern and mains water. Around it there are vegetable gardens of various fruits, including oranges and avocados, and it is not totally isolated as there are a few neighboring houses next door. This villa is only a 5min drive from the historic town of Silves and all its amenities with a wide selection of restaurants, shops, post office, supermarkets, local market, banks, medical clinic, hairdressers, schools, etc, as well as only between 15 and 20min drive from the Algarve shopping centre in Guia, the Alcantarilha retail park, the local beaches of Armação de Pera, Galé and Albufeira, Zoomarine, Silves golf course and the Amendoeira Golf resort among many other places. Faro International Airport is a 40-50 minute drive away. This property has the potential to be enlarged, to put a swimming pool (subject to project) complete with a beautiful entrance with parking to park cars and a landscaped garden, thus having a small paradise in the countryside.

You can also just renovate it to become your permanent residence or a charming country house for your holidays or even to rent, in a quiet area within walking distance of all amenities, beaches, golf, etc. Do not miss this opportunity and contact us for more details and to schedule a visit to this property. Online visits are also available via video call. - SKU: VC661
Fantastic opportunity to buy a traditional Algarvian country house, on the outskirts of the town of Silves within walking distance of all amenities, restaurants, schools, beaches, golf, etc. This cozy single storey house of 53.20m2 is set in a fenced plot of 453m2, and consists of a living room, kitchen with dining area, 2 bedrooms and a bathroom.

It has a covered terrace from the kitchen, a roof terrace with storage and a low maintenance garden, with cistern and mains water. Around it there are vegetable gardens of various fruits, including oranges and avocados, and it is not totally isolated as there are a few neighboring houses next door. This villa is only a 5min drive from the historic town of Silves and all its amenities with a wide selection of restaurants, shops, post office, supermarkets, local market, banks, medical clinic, hairdressers, schools, etc, as well as only between 15 and 20min drive from the Algarve shopping centre in Guia, the Alcantarilha retail park, the local beaches of Armação de Pera, Galé and Albufeira, Zoomarine, Silves golf course and the Amendoeira Golf resort among many other places. Faro International Airport is a 40-50 minute drive away. This property has the potential to be enlarged, to put a swimming pool (subject to project) complete with a beautiful entrance with parking to park cars and a landscaped garden, thus having a small paradise in the countryside.

You can also just renovate it to become your permanent residence or a charming country house for your holidays or even to rent, in a quiet area within walking distance of all amenities, beaches, golf, etc. Do not miss this opportunity and contact us for more details and to schedule a visit to this property. Online visits are also available via video call. - SKU: VC661
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Property on Map

#01-VC661

Currency Exchange

Silves, 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 €310,000 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
€310,000 £263,714 £271,712 £7,998
Property Price € €310,000
Minimum cost in the last six months £263,714
Maximum cost in the last six months £271,712
Fluctuating exchange rates over the last six months could have increased the cost of this property by £7,998

Silves, 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 €310,000 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
€310,000 £263,714 £271,712 £7,998
Property Price € €310,000
Minimum cost in the last six months £263,714
Maximum cost in the last six months £271,712
Fluctuating exchange rates over the last six months could have increased the cost of this property by £7,998

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 £7,998 more.

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