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Excellent investment opportunity
Silves, Faro, Portugal, 8365-091
REF: 627198
€795,000
Description
Excellent investment opportunity. Housing complex with five dwellings inserted in a plot of 3252m2 near Algoz. Excellent Investment Opportunity.
Housing complex with five dwellings inserted in a plot of 3252 m2, consisting of two buildings, one of which is a detached house with 3
bedrooms, 2 of them en-suite. One of the rooms is currently used as a laundry, drying, and storage room. There is another building with four townhouses, two of which have two bedrooms, and two have one bedroom. In total there are eight bedrooms, all en-suite. All windows have double glazing, and each house has access to its own garden space and is fully furnished.
Air conditioning for cooling and heating in all villas.
There is also a large additional room used as a laundry room with drying facilities and storage. The laundry is fully equipped with relevant machinery.
Saltwater swimming pool for adults (10 X 5m) and one for children, surrounded by an established garden with automatic irrigation.
The property is completely fenced with electric gates and solar panels.
Common outdoor area for meals and entertainment.
Secure parking space for many vehicles.
The complex has AL License (for short-term holiday occupancy), ideal for holidays, or for long-term rentals.
Central location, 4km from the center of Algoz and Crazy World, 10 minutes from Algarve Shopping in Guia, and Zoo Marine water park. It is 20 minutes from Praia da Galé, and 15 minutes from the historic city of Silves.
Easy access to the A22 motorway, and 30 minutes from Faro Airport.
This is an excellent investment with guaranteed profitability, is in high demand, and will provide you with financial independence and good quality of life, with the security of asset appreciation in the medium to long term.
Excellent investment opportunity. Housing complex with five dwellings inserted in a plot of 3252m2 near Algoz. Excellent Investment Opportunity.
Housing complex with five dwellings inserted in a plot of 3252 m2, consisting of two buildings, one of which is a detached house with 3
bedrooms, 2 of them en-suite. One of the rooms is currently used as a laundry, drying, and storage room. There is another building with four townhouses, two of which have two bedrooms, and two have one bedroom. In total there are eight bedrooms, all en-suite. All windows have double glazing, and each house has access to its own garden space and is fully furnished.
Air conditioning for cooling and heating in all villas.
There is also a large additional room used as a laundry room with drying facilities and storage. The laundry is fully equipped with relevant machinery.
Saltwater swimming pool for adults (10 X 5m) and one for children, surrounded by an established garden with automatic irrigation.
The property is completely fenced with electric gates and solar panels.
Common outdoor area for meals and entertainment.
Secure parking space for many vehicles.
The complex has AL License (for short-term holiday occupancy), ideal for holidays, or for long-term rentals.
Central location, 4km from the center of Algoz and Crazy World, 10 minutes from Algarve Shopping in Guia, and Zoo Marine water park. It is 20 minutes from Praia da Galé, and 15 minutes from the historic city of Silves.
Easy access to the A22 motorway, and 30 minutes from Faro Airport.
This is an excellent investment with guaranteed profitability, is in high demand, and will provide you with financial independence and good quality of life, with the security of asset appreciation in the medium to long term.
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Currency Exchange
Silves, Faro, Portugal, 8365-091
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 €795,000 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 |
|---|---|---|---|
| €795,000 | £676,299 | £696,849 | £20,551 |
| Property Price € | €795,000 |
| Minimum cost in the last six months | £676,299 |
| Maximum cost in the last six months | £696,849 |
| Fluctuating exchange rates over the last six months could have increased the cost of this property by | £20,551 |
Silves, Faro, Portugal, 8365-091
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 €795,000 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 |
|---|---|---|---|
| €795,000 | £676,299 | £696,849 | £20,551 |
| Property Price € | €795,000 |
| Minimum cost in the last six months | £676,299 |
| Maximum cost in the last six months | £696,849 |
| Fluctuating exchange rates over the last six months could have increased the cost of this property by | £20,551 |
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 £20,551 more.
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