LARGE PROPERTY IN IDYLLIC RURAL SETTING

Lagos, Faro, Portugal

For Sale

€1,360,000

REF: 706161 €1,360,000


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9

Description

A rare opportunity to acquire a large private property with a historical past in a countryside location, close to a typical Algarvian village, and the wonderful coastline of south-west Portugal. This two-storey large property currently divided into apartments, one of which has recently been renovated to a high standard.

There is an existing accommodation license and has potential for further development as well as permission to construct a swimming pool with plans having already been submitted to the town hall. The area for the pool has already been identified and it would include a generous decked area for sun-bathing.

Another idea is to install a series of solar panels in a field close to the house but screened off by a strip of trees. This would be ideal for Rural tourism, an Equestrian centre, as a Retreat or, a perfect site for Glamping. The property is very well located, has easy access and has lots of privacy.

It s secluded, but not isolated. The local village is a walk away and it has everything for daily needs. The property is just a short drive to the historic port town of Lagos with plenty of amenities, vibrant nightlife and award-winning Marina. The beautiful beaches of the south coast are within easy reach.

The more rugged west coast of the Costa Vicentina Natural Park is around 20 minutes by car. For the adventurous there are plenty of activities in the local area to enjoy such as mountain biking, hiking, surfing, sailing to name but a few, with more relaxing pursuits right on the doorstep it s perfect walking country. The land is fully fenced and has two entrances that lead to the main house which is surrounded by outbuildings formerly used for cattle, horses, and chickens.

There is a well, a licensed borehole to a depth of 115m as well as a small lake providing plenty of water for keeping livestock or alternatively, agriculture, permaculture or, your very own market garden. The grounds are quiet and peaceful with some fine examples of cork trees, some 300 years old. Many new fruit trees have been added to the existing orchards close to the house. The property has recently been fitted with a Starlink satellite broadband for state-of-art communication links and external lighting has been renewed and extended.

The stables have been cleared and some new roofs fitted. There are several storage buildings which have been cleaned and waterproofed. This unique property has so much to offer and is the kind of project that one can really get their teeth into without having to start from scratch. There will be plenty of things to do to keep busy and it is just waiting for someone to recognise the huge potential of this impressive and unique property. There are very few properties this close to all the main attractions of the western Algarve, that could offer this amount of private space in a such an idyllic and tranquil setting Book your viewing today as this one-of-a-kind property is bound to attract a lot of interest!
A rare opportunity to acquire a large private property with a historical past in a countryside location, close to a typical Algarvian village, and the wonderful coastline of south-west Portugal. This two-storey large property currently divided into apartments, one of which has recently been renovated to a high standard.

There is an existing accommodation license and has potential for further development as well as permission to construct a swimming pool with plans having already been submitted to the town hall. The area for the pool has already been identified and it would include a generous decked area for sun-bathing.

Another idea is to install a series of solar panels in a field close to the house but screened off by a strip of trees. This would be ideal for Rural tourism, an Equestrian centre, as a Retreat or, a perfect site for Glamping. The property is very well located, has easy access and has lots of privacy.

It s secluded, but not isolated. The local village is a walk away and it has everything for daily needs. The property is just a short drive to the historic port town of Lagos with plenty of amenities, vibrant nightlife and award-winning Marina. The beautiful beaches of the south coast are within easy reach.

The more rugged west coast of the Costa Vicentina Natural Park is around 20 minutes by car. For the adventurous there are plenty of activities in the local area to enjoy such as mountain biking, hiking, surfing, sailing to name but a few, with more relaxing pursuits right on the doorstep it s perfect walking country. The land is fully fenced and has two entrances that lead to the main house which is surrounded by outbuildings formerly used for cattle, horses, and chickens.

There is a well, a licensed borehole to a depth of 115m as well as a small lake providing plenty of water for keeping livestock or alternatively, agriculture, permaculture or, your very own market garden. The grounds are quiet and peaceful with some fine examples of cork trees, some 300 years old. Many new fruit trees have been added to the existing orchards close to the house. The property has recently been fitted with a Starlink satellite broadband for state-of-art communication links and external lighting has been renewed and extended.

The stables have been cleared and some new roofs fitted. There are several storage buildings which have been cleaned and waterproofed. This unique property has so much to offer and is the kind of project that one can really get their teeth into without having to start from scratch. There will be plenty of things to do to keep busy and it is just waiting for someone to recognise the huge potential of this impressive and unique property. There are very few properties this close to all the main attractions of the western Algarve, that could offer this amount of private space in a such an idyllic and tranquil setting Book your viewing today as this one-of-a-kind property is bound to attract a lot of interest!
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Property on Map

#M/05980

Currency Exchange

Lagos, 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 €1,360,000 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
€1,360,000 £1,156,938 £1,192,094 £35,156
Property Price € €1,360,000
Minimum cost in the last six months £1,156,938
Maximum cost in the last six months £1,192,094
Fluctuating exchange rates over the last six months could have increased the cost of this property by £35,156

Lagos, 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 €1,360,000 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
€1,360,000 £1,156,938 £1,192,094 £35,156
Property Price € €1,360,000
Minimum cost in the last six months £1,156,938
Maximum cost in the last six months £1,192,094
Fluctuating exchange rates over the last six months could have increased the cost of this property by £35,156

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 £35,156 more.

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