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FANTASTIC TRADITIONAL 4 BED VILLA WITH AN ADDITIONAL BUILDING PLOT AND 8,800m2 OF LAND! Great opportunity to purchase a 4 bedroom villa plus 8,800m2 of flat land with building permission for a 3 level villa up to 250m2 set in a quaint little village near to Benafim
Loulé, Faro, Portugal
REF: 662624
€480,000
Description
FANTASTIC TRADITIONAL 4 BED VILLA WITH AN ADDITIONAL BUILDING PLOT AND 8,800m2 OF LAND! Great opportunity to purchase a 4 bedroom villa plus 8,800m2 of flat land with building permission for a 3 level villa up to 250m2 set in a quaint little village near to Benafim. With stunning views to the plateau of the beautiful Rocha Da Penna this property is a lovely retreat to nature whilst being only 4km to Benafim which has a supermarket, local shops, cafes and a restaurant. and only around 20 minutes to Loule and Vilamoura with all amenities. As you enter the property you have a hallway with access to the 4 bedrooms and a large family sized bathroom then leading on to the spacious open plan lounge/kitchen/dining area. Here you also have a large pantry/storage and access to a potential patio BBQ area. The foundations for this patio are down but it needs finishing. From the kitchen, at the other side, you also have access to another established large outside patio/dining area with fruit trees and outbuildings for extra storage or for animals. There is a second level to the house which the current owners did not feel the need to utilise. This area has space for a further en-suite bedroom or a large studio with bathroom area. Outside the villa you have a huge garden, plenty of flat land which would be ideal for keeping animals if that is your dream! The plot also has building permission to build a 3 level villa with up to 250m2 of build area and swimming pool. This is a fantastic opportunity to not only make a great investment but also to update the property using your own unique style. The property is approximately 20 minutes from Loule, Almancil and Vilamoura and the glorious beaches, restaurants, bars. The village of Benafim is just 4km away where you have several cafes, a restaurant, supermarket and a lovely picnic area. Other features: Water cistern Large water tank Mains water Mains Electricity Outbuildings for storage South and West facing patios 20 minutes to the International schools #ref: 90776
FANTASTIC TRADITIONAL 4 BED VILLA WITH AN ADDITIONAL BUILDING PLOT AND 8,800m2 OF LAND! Great opportunity to purchase a 4 bedroom villa plus 8,800m2 of flat land with building permission for a 3 level villa up to 250m2 set in a quaint little village near to Benafim. With stunning views to the plateau of the beautiful Rocha Da Penna this property is a lovely retreat to nature whilst being only 4km to Benafim which has a supermarket, local shops, cafes and a restaurant. and only around 20 minutes to Loule and Vilamoura with all amenities. As you enter the property you have a hallway with access to the 4 bedrooms and a large family sized bathroom then leading on to the spacious open plan lounge/kitchen/dining area. Here you also have a large pantry/storage and access to a potential patio BBQ area. The foundations for this patio are down but it needs finishing. From the kitchen, at the other side, you also have access to another established large outside patio/dining area with fruit trees and outbuildings for extra storage or for animals. There is a second level to the house which the current owners did not feel the need to utilise. This area has space for a further en-suite bedroom or a large studio with bathroom area. Outside the villa you have a huge garden, plenty of flat land which would be ideal for keeping animals if that is your dream! The plot also has building permission to build a 3 level villa with up to 250m2 of build area and swimming pool. This is a fantastic opportunity to not only make a great investment but also to update the property using your own unique style. The property is approximately 20 minutes from Loule, Almancil and Vilamoura and the glorious beaches, restaurants, bars. The village of Benafim is just 4km away where you have several cafes, a restaurant, supermarket and a lovely picnic area. Other features: Water cistern Large water tank Mains water Mains Electricity Outbuildings for storage South and West facing patios 20 minutes to the International schools #ref: 90776
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Currency Exchange
Loulé, 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 €480,000 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 |
|---|---|---|---|
| €480,000 | £408,331 | £420,206 | £11,875 |
| Property Price € | €480,000 |
| Minimum cost in the last six months | £408,331 |
| Maximum cost in the last six months | £420,206 |
| Fluctuating exchange rates over the last six months could have increased the cost of this property by | £11,875 |
Loulé, 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 €480,000 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 |
|---|---|---|---|
| €480,000 | £408,331 | £420,206 | £11,875 |
| Property Price € | €480,000 |
| Minimum cost in the last six months | £408,331 |
| Maximum cost in the last six months | £420,206 |
| Fluctuating exchange rates over the last six months could have increased the cost of this property by | £11,875 |
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 £11,875 more.
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