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A Rural House on a Large Plot for Complete Refurbishment
Albufeira, Faro, Portugal, 8200-505
REF: 686451
€425,000
Description
Located near historic Paderne, this rural house on a plot of 11.520m2 is perfect for a complete programme of renovation. With 12 individual rooms of various sizes and uses, this single storey property may be suitable as an agro-tourism project or large family home. An excellent project / opportunity in a sought-after location. Constructed in the early 1960€™s and largely unchanged since that time, this detached, single storey former farmhouse is located in the peaceful outskirts of the historic town of Paderne with its castle, fine restaurants and thriving international community.
Inserted on a large plot of 11.520m2, this property requires complete renovation throughout, but given its twelve subdivisions it will suit buyers looking for a large rural residence or investors building an agro-tourism or eco-tourism business with access to plenty land for a self-sustaining lifestyle.
The existing layout has three bedrooms, one bathroom, lounge and kitchen, a walled courtyard area with pig sty, chicken coop, vegetable drying area, garage and equipment store.
This is a great opportunity for buyers with the vision, budget and commitment to redevelop a much loved rural property in a great location.
Paderne is a beautiful little village, situated on a hillside, topped with Cypress trees and a lovely church. Surrounded by stunning countryside, ideal for walking with it€™s many trails. The village has a 13th Century Moorish Castle approximately 2km from the centre and an 18th Century bridge built over 3 arches. The centre of the village has most things that one needs, i.e, post office, pharmacy, petrol station, hardware shop, small shops with selling locally-grown produce, cafes, good restaurants and a regular bus service which will take you to Albufeira and the coast, only 11kms away. It also goes through the town of Ferreiras which has a large supermarket and the nearest train station with regular services to Lisbon & Faro.
Located near historic Paderne, this rural house on a plot of 11.520m2 is perfect for a complete programme of renovation. With 12 individual rooms of various sizes and uses, this single storey property may be suitable as an agro-tourism project or large family home. An excellent project / opportunity in a sought-after location. Constructed in the early 1960€™s and largely unchanged since that time, this detached, single storey former farmhouse is located in the peaceful outskirts of the historic town of Paderne with its castle, fine restaurants and thriving international community.
Inserted on a large plot of 11.520m2, this property requires complete renovation throughout, but given its twelve subdivisions it will suit buyers looking for a large rural residence or investors building an agro-tourism or eco-tourism business with access to plenty land for a self-sustaining lifestyle.
The existing layout has three bedrooms, one bathroom, lounge and kitchen, a walled courtyard area with pig sty, chicken coop, vegetable drying area, garage and equipment store.
This is a great opportunity for buyers with the vision, budget and commitment to redevelop a much loved rural property in a great location.
Paderne is a beautiful little village, situated on a hillside, topped with Cypress trees and a lovely church. Surrounded by stunning countryside, ideal for walking with it€™s many trails. The village has a 13th Century Moorish Castle approximately 2km from the centre and an 18th Century bridge built over 3 arches. The centre of the village has most things that one needs, i.e, post office, pharmacy, petrol station, hardware shop, small shops with selling locally-grown produce, cafes, good restaurants and a regular bus service which will take you to Albufeira and the coast, only 11kms away. It also goes through the town of Ferreiras which has a large supermarket and the nearest train station with regular services to Lisbon & Faro.
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Currency Exchange
Albufeira, Faro, Portugal, 8200-505
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 €425,000 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 |
|---|---|---|---|
| €425,000 | £361,543 | £372,530 | £10,986 |
| Property Price € | €425,000 |
| Minimum cost in the last six months | £361,543 |
| Maximum cost in the last six months | £372,530 |
| Fluctuating exchange rates over the last six months could have increased the cost of this property by | £10,986 |
Albufeira, Faro, Portugal, 8200-505
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 €425,000 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 |
|---|---|---|---|
| €425,000 | £361,543 | £372,530 | £10,986 |
| Property Price € | €425,000 |
| Minimum cost in the last six months | £361,543 |
| Maximum cost in the last six months | £372,530 |
| Fluctuating exchange rates over the last six months could have increased the cost of this property by | £10,986 |
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 £10,986 more.
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