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Elegant and charming property, with Villa and generously sized land
Albufeira, Faro, Portugal
REF: 701014
€1,500,000
Description
Elegant and charming property, with Villa and generously sized land. Exclusive opportunity in the area, two steps from the beach. On a plot of 1540 m2 (pool area: 412 m²; orchard area: 249 m²; patio area: 154 m² and garden area - front of the house: 181 m²), the villa is located, with a gross area of 290 m² (5 bedrooms , 3 bathrooms, kitchen, pantry, lounge and dining room), annex, with a gross area of 174 m² (annex - back: 1 bedroom, 2 bathrooms, open kitchen with dining room and lounge; annex - front: 1 kitchen, with bar, open onto a large living room, 1 bathroom and a closed garage for two vehicles, measuring 42 m²) and swimming pool (58.5 m²). The property has a T0, with a bathroom with shower, and a T1, with two bathrooms, with showers, in an area of 170 m². Consisting of 2 floors, with terrace and balcony, the property is completely autonomous, with generator and water tank, solar panels, electric boiler, semi-automatic irrigation, barbecue and outdoor shower. For profitability/investment, the property can be used in parts (see plan): Family Villa (in red), detached house on 1 floor, divided into two, for holiday rentals and garage; apartment, with a view and direct access to the pool (in blue); loft (in pink), with direct access to the pool (in pink); common exteriors, garden, several outdoor dining areas, barbecue area, swimming pool and parking spaces (in green). Excellent location, close to shops, services and transport (bus stop 20 m away). Neighboring several beaches, nestled between golden cliffs and coves (Praia do Lourenço: 600 m; Praia da Balbina: 800 m; Galé, Castelo and Evaristo beaches: less than 1.5 km; Praia da Coelha: 2 km). Albufeira, strategically located, right in the center of the Algarve, giving you quick access to the eastern and western extremes of the southern region, with access to the capital in 2 hours by car, is one of the main tourist destinations in the country, is endowed with good infrastructure, wonderful beaches, lots of sun, warm weather, and quality of life, which also make it a great place to live. Safe streets, neighbors know each other, the city is clean and the beach is right around the corner. The years follow in cycles, tourists return every year and some decide to stay in Albufeira forever. Good life. #ref: 96043
Elegant and charming property, with Villa and generously sized land. Exclusive opportunity in the area, two steps from the beach. On a plot of 1540 m2 (pool area: 412 m²; orchard area: 249 m²; patio area: 154 m² and garden area - front of the house: 181 m²), the villa is located, with a gross area of 290 m² (5 bedrooms , 3 bathrooms, kitchen, pantry, lounge and dining room), annex, with a gross area of 174 m² (annex - back: 1 bedroom, 2 bathrooms, open kitchen with dining room and lounge; annex - front: 1 kitchen, with bar, open onto a large living room, 1 bathroom and a closed garage for two vehicles, measuring 42 m²) and swimming pool (58.5 m²). The property has a T0, with a bathroom with shower, and a T1, with two bathrooms, with showers, in an area of 170 m². Consisting of 2 floors, with terrace and balcony, the property is completely autonomous, with generator and water tank, solar panels, electric boiler, semi-automatic irrigation, barbecue and outdoor shower. For profitability/investment, the property can be used in parts (see plan): Family Villa (in red), detached house on 1 floor, divided into two, for holiday rentals and garage; apartment, with a view and direct access to the pool (in blue); loft (in pink), with direct access to the pool (in pink); common exteriors, garden, several outdoor dining areas, barbecue area, swimming pool and parking spaces (in green). Excellent location, close to shops, services and transport (bus stop 20 m away). Neighboring several beaches, nestled between golden cliffs and coves (Praia do Lourenço: 600 m; Praia da Balbina: 800 m; Galé, Castelo and Evaristo beaches: less than 1.5 km; Praia da Coelha: 2 km). Albufeira, strategically located, right in the center of the Algarve, giving you quick access to the eastern and western extremes of the southern region, with access to the capital in 2 hours by car, is one of the main tourist destinations in the country, is endowed with good infrastructure, wonderful beaches, lots of sun, warm weather, and quality of life, which also make it a great place to live. Safe streets, neighbors know each other, the city is clean and the beach is right around the corner. The years follow in cycles, tourists return every year and some decide to stay in Albufeira forever. Good life. #ref: 96043
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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 €1,500,000 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 |
|---|---|---|---|
| €1,500,000 | £1,276,035 | £1,314,810 | £38,775 |
| Property Price € | €1,500,000 |
| Minimum cost in the last six months | £1,276,035 |
| Maximum cost in the last six months | £1,314,810 |
| Fluctuating exchange rates over the last six months could have increased the cost of this property by | £38,775 |
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 €1,500,000 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 |
|---|---|---|---|
| €1,500,000 | £1,276,035 | £1,314,810 | £38,775 |
| Property Price € | €1,500,000 |
| Minimum cost in the last six months | £1,276,035 |
| Maximum cost in the last six months | £1,314,810 |
| Fluctuating exchange rates over the last six months could have increased the cost of this property by | £38,775 |
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 £38,775 more.
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