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Portugal - Algarve - Lagos Are you looking for a spacious townhouse than you can renovate to your own taste ? Here is an excellent opportunity, in Odiaxere center, to create up to three distinct dwellings
Lagos, Faro, Portugal
REF: 643556
€358,000
Description
Portugal - Algarve - Lagos Are you looking for a spacious townhouse than you can renovate to your own taste ? Here is an excellent opportunity, in Odiaxere center, to create up to three distinct dwellings. This property is located in the picturesque village of Odiaxere, a few minutes from the immense beach of Meia Praia, the world class golf course Palmares, and the vibrant city of Lagos. Odiaxere itself offers many amenities including several restaurants, cafés, shops and services, with a direct access to the countryside. Set back from the main avenue, on a plot of 312 m², discover : - A main house of about 80 m² with three bedrooms (one without window), a spacious living room, a big kitchen with dinner area, one bathroom, and a garage big enough to be converted according to your needs. The outdoor space is very pleasant with some mature trees, and can be transformed into an amazing garden. Stairs lead to a storage space, where it's possible to build a terrace to enjoy the sun and a nice view on the countryside. In addition, there are two separate annexes. - Annex 1 with 22 m² offers the possibility to create an independant studio, with already a bathroom. - Annex 2, at the rear of the plot, is about 30 m² + 15 m² in mezzanine. It's an independant apartment with kitchenette and bathroom. This property, structurally good, needs a total remodeling inside with the unique opportunity to create up to 3 distinct dwellings. Suitable for those who value a small city centre, with everything at walking distance. Contact us and come visit this atypical property, which is only waiting for you and your imagination to come back to life ! IAD emerged in Portugal in 2015 and is part of an international group operating in France, Spain, Italy, Germany, Mexico and soon USA. Share with us your real estate project, we will be happy to accompany you. #ref: 88570
Portugal - Algarve - Lagos Are you looking for a spacious townhouse than you can renovate to your own taste ? Here is an excellent opportunity, in Odiaxere center, to create up to three distinct dwellings. This property is located in the picturesque village of Odiaxere, a few minutes from the immense beach of Meia Praia, the world class golf course Palmares, and the vibrant city of Lagos. Odiaxere itself offers many amenities including several restaurants, cafés, shops and services, with a direct access to the countryside. Set back from the main avenue, on a plot of 312 m², discover : - A main house of about 80 m² with three bedrooms (one without window), a spacious living room, a big kitchen with dinner area, one bathroom, and a garage big enough to be converted according to your needs. The outdoor space is very pleasant with some mature trees, and can be transformed into an amazing garden. Stairs lead to a storage space, where it's possible to build a terrace to enjoy the sun and a nice view on the countryside. In addition, there are two separate annexes. - Annex 1 with 22 m² offers the possibility to create an independant studio, with already a bathroom. - Annex 2, at the rear of the plot, is about 30 m² + 15 m² in mezzanine. It's an independant apartment with kitchenette and bathroom. This property, structurally good, needs a total remodeling inside with the unique opportunity to create up to 3 distinct dwellings. Suitable for those who value a small city centre, with everything at walking distance. Contact us and come visit this atypical property, which is only waiting for you and your imagination to come back to life ! IAD emerged in Portugal in 2015 and is part of an international group operating in France, Spain, Italy, Germany, Mexico and soon USA. Share with us your real estate project, we will be happy to accompany you. #ref: 88570
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Currency Exchange
Lagos, 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 €358,000 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 |
|---|---|---|---|
| €358,000 | £304,547 | £313,801 | £9,254 |
| Property Price € | €358,000 |
| Minimum cost in the last six months | £304,547 |
| Maximum cost in the last six months | £313,801 |
| Fluctuating exchange rates over the last six months could have increased the cost of this property by | £9,254 |
Lagos, 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 €358,000 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 |
|---|---|---|---|
| €358,000 | £304,547 | £313,801 | £9,254 |
| Property Price € | €358,000 |
| Minimum cost in the last six months | £304,547 |
| Maximum cost in the last six months | £313,801 |
| Fluctuating exchange rates over the last six months could have increased the cost of this property by | £9,254 |
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 £9,254 more.
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