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For sale: traditional 2 bedroom house with patio and terrace, in the centre of Olhão, only 10/15 minutes walk from the markets, restaurants and shops
Olhão, Faro, Portugal
REF: 684212
€210,000
Description
For sale: traditional 2 bedroom house with patio and terrace, in the centre of Olhão, only 10/15 minutes walk from the markets, restaurants and shops. This house of traditional and typical architecture with its beautiful vaulted ceilings, is composed as follows: a main living room, two bedrooms, a bathroom with shower, a kitchen with access to a back patio, and finally a large terrace, very well exposed, to enjoy your moments of relaxation and leisure, and also enjoy all your meals outside. The house is still bright, with lots of charm, a fully equipped kitchen, water and electricity networks are in good condition, air conditioning in the main room, and to note also: the house has fibre (internet). There are two separate entrance doors, the second door gives access to a corridor for possible storage of motorbikes and/or bicycles, but with a project deposit it would also be possible to create a partial or total floor to enlarge or create another totally independent dwelling. This is the perfect house for your holidays and also to make a profit throughout the year, because this house already has the AL licence (for rentals) and will allow you to make an immediate profit on your investment. With a rather central location, you have access to all the amenities, services, restaurants and the famous markets of Olhão within a few minutes walk. Don't miss this opportunity, schedule your visit now. #ref: 94424
For sale: traditional 2 bedroom house with patio and terrace, in the centre of Olhão, only 10/15 minutes walk from the markets, restaurants and shops. This house of traditional and typical architecture with its beautiful vaulted ceilings, is composed as follows: a main living room, two bedrooms, a bathroom with shower, a kitchen with access to a back patio, and finally a large terrace, very well exposed, to enjoy your moments of relaxation and leisure, and also enjoy all your meals outside. The house is still bright, with lots of charm, a fully equipped kitchen, water and electricity networks are in good condition, air conditioning in the main room, and to note also: the house has fibre (internet). There are two separate entrance doors, the second door gives access to a corridor for possible storage of motorbikes and/or bicycles, but with a project deposit it would also be possible to create a partial or total floor to enlarge or create another totally independent dwelling. This is the perfect house for your holidays and also to make a profit throughout the year, because this house already has the AL licence (for rentals) and will allow you to make an immediate profit on your investment. With a rather central location, you have access to all the amenities, services, restaurants and the famous markets of Olhão within a few minutes walk. Don't miss this opportunity, schedule your visit now. #ref: 94424
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Currency Exchange
Olhão, 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 €210,000 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 |
|---|---|---|---|
| €210,000 | £178,645 | £184,063 | £5,418 |
| Property Price € | €210,000 |
| Minimum cost in the last six months | £178,645 |
| Maximum cost in the last six months | £184,063 |
| Fluctuating exchange rates over the last six months could have increased the cost of this property by | £5,418 |
Olhão, 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 €210,000 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 |
|---|---|---|---|
| €210,000 | £178,645 | £184,063 | £5,418 |
| Property Price € | €210,000 |
| Minimum cost in the last six months | £178,645 |
| Maximum cost in the last six months | £184,063 |
| Fluctuating exchange rates over the last six months could have increased the cost of this property by | £5,418 |
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 £5,418 more.
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