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Stone villa with 230,5 square meters of living area and a backyard with an area of about 2400 square meters
Penela, Coimbra, Portugal
REF: 686351
€55,000
Description
Stone villa with 230,5 square meters of living area and a backyard with an area of about 2400 square meters. Solid structure and beautiful stone walls are important features in this property. The house consists of ground and first floor. The ground floor is composed by large storage rooms, possible to be transformed into housing. The first floor has exterior access by a stone staircase and a lovely veranda with views over the land and surrounding region. Inside there are three bedrooms with windows and beautiful views, a large living room and a kitchen with dining room. There is no bathroom. Property in need of rehabilitation, but has the advantage of an excellent location, near the town of Penela (5 minutes), and 2 minutes away there is a supermarket, cafe and restaurant. It is 18 minutes away from the city of Coimbra, and 7 minutes from the motorway with connection to Lisbon (2 hours) and Porto (1 hour 30 minutes). The yard is flat, fertile and has the possibility to acquire more land. Come and visit. #ref: 94846
Stone villa with 230,5 square meters of living area and a backyard with an area of about 2400 square meters. Solid structure and beautiful stone walls are important features in this property. The house consists of ground and first floor. The ground floor is composed by large storage rooms, possible to be transformed into housing. The first floor has exterior access by a stone staircase and a lovely veranda with views over the land and surrounding region. Inside there are three bedrooms with windows and beautiful views, a large living room and a kitchen with dining room. There is no bathroom. Property in need of rehabilitation, but has the advantage of an excellent location, near the town of Penela (5 minutes), and 2 minutes away there is a supermarket, cafe and restaurant. It is 18 minutes away from the city of Coimbra, and 7 minutes from the motorway with connection to Lisbon (2 hours) and Porto (1 hour 30 minutes). The yard is flat, fertile and has the possibility to acquire more land. Come and visit. #ref: 94846
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Currency Exchange
Penela, Coimbra, 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 €55,000 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 |
|---|---|---|---|
| €55,000 | £46,788 | £48,210 | £1,422 |
| Property Price € | €55,000 |
| Minimum cost in the last six months | £46,788 |
| Maximum cost in the last six months | £48,210 |
| Fluctuating exchange rates over the last six months could have increased the cost of this property by | £1,422 |
Penela, Coimbra, 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 €55,000 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 |
|---|---|---|---|
| €55,000 | £46,788 | £48,210 | £1,422 |
| Property Price € | €55,000 |
| Minimum cost in the last six months | £46,788 |
| Maximum cost in the last six months | £48,210 |
| Fluctuating exchange rates over the last six months could have increased the cost of this property by | £1,422 |
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 £1,422 more.
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