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A large country (rustic) plot near Paderne, Central Algarve
Albufeira, Faro, Portugal
REF: 687711
€220,000
Description
A plot of 12.560m2 located near Paderne, within the Municipality of Albufeira around 20 minutes drive to the coast. With water and electricity networks close at hand and a selection of indigenous trees, the plot is slightly elevated giving splendid rural and sea views. Construction not permitted. This large plot of elevated land is located near the historic town of Paderne with its castle, football team, quality amenities and thriving community.
Registered as Prédio Rústico, this plot currently has no project / planning permission for construction of any kind, although with a historic ruin on the plot and access to water, electricity, and wastewater networks nearby.
The land extends to 12.560m2 and has lovely vistas across the surrounding landscape to the sea beyond, these panoramic views extending more than 20 miles.
The plot is peaceful yet well connected to local roads leading to the Algarve€™s arterial routes and is currently planted with olive, almond and carob trees. 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.
A plot of 12.560m2 located near Paderne, within the Municipality of Albufeira around 20 minutes drive to the coast. With water and electricity networks close at hand and a selection of indigenous trees, the plot is slightly elevated giving splendid rural and sea views. Construction not permitted. This large plot of elevated land is located near the historic town of Paderne with its castle, football team, quality amenities and thriving community.
Registered as Prédio Rústico, this plot currently has no project / planning permission for construction of any kind, although with a historic ruin on the plot and access to water, electricity, and wastewater networks nearby.
The land extends to 12.560m2 and has lovely vistas across the surrounding landscape to the sea beyond, these panoramic views extending more than 20 miles.
The plot is peaceful yet well connected to local roads leading to the Algarve€™s arterial routes and is currently planted with olive, almond and carob trees. 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
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 €220,000 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 |
|---|---|---|---|
| €220,000 | £187,152 | £192,839 | £5,687 |
| Property Price € | €220,000 |
| Minimum cost in the last six months | £187,152 |
| Maximum cost in the last six months | £192,839 |
| Fluctuating exchange rates over the last six months could have increased the cost of this property by | £5,687 |
Albufeira, 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 €220,000 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 |
|---|---|---|---|
| €220,000 | £187,152 | £192,839 | £5,687 |
| Property Price € | €220,000 |
| Minimum cost in the last six months | £187,152 |
| Maximum cost in the last six months | £192,839 |
| Fluctuating exchange rates over the last six months could have increased the cost of this property by | £5,687 |
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 £5,687 more.
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