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Charming Mixed Terrain of 9760m2 with Renovation-Ready House, Typical Trees, and Municipal Approval in Areia Description: In Areia, just 5 minutes from Estoi, explore this beautiful mixed terrain spanning 9760m2, featuring an urban section of 840m2 with a house ready for complete renovation
Faro, Faro, Portugal
REF: 718784
€250,000
Description
Charming Mixed Terrain of 9760m2 with Renovation-Ready House, Typical Trees, and Municipal Approval in Areia Description: In Areia, just 5 minutes from Estoi, explore this beautiful mixed terrain spanning 9760m2, featuring an urban section of 840m2 with a house ready for complete renovation. The plot is level and offers picturesque views of the region's typical trees, including olive trees, carob trees, pomegranate trees, and fig trees. There is ample space to add more fruit trees, taking advantage of the generous land area. The existing house, officially registered at 150m2, consists of the main dwelling and outbuildings, with the possibility of expanding the floor area up to 300m2. The renovation project can be enhanced with a swimming pool, as approved by the Pre-Planning Intervention (PIP) endorsed by the local municipality and ERRAN. The property benefits from a recent three-phase electrical installation, making it easy to connect a new house and other electrical annexes without concerns about power capacity. Furthermore, a well with a depth of up to 200m, sourced from the convergence of three underground springs, ensures a continuous water supply. The location is ideal, offering quick access to all amenities in Estoi, just 5 minutes away. Additionally, the entire property is securely fenced with a sliding entrance gate, providing security and privacy. Don't miss out on this exceptional opportunity! Contact us now for more information and to arrange a viewing. #ref: 101227
Charming Mixed Terrain of 9760m2 with Renovation-Ready House, Typical Trees, and Municipal Approval in Areia Description: In Areia, just 5 minutes from Estoi, explore this beautiful mixed terrain spanning 9760m2, featuring an urban section of 840m2 with a house ready for complete renovation. The plot is level and offers picturesque views of the region's typical trees, including olive trees, carob trees, pomegranate trees, and fig trees. There is ample space to add more fruit trees, taking advantage of the generous land area. The existing house, officially registered at 150m2, consists of the main dwelling and outbuildings, with the possibility of expanding the floor area up to 300m2. The renovation project can be enhanced with a swimming pool, as approved by the Pre-Planning Intervention (PIP) endorsed by the local municipality and ERRAN. The property benefits from a recent three-phase electrical installation, making it easy to connect a new house and other electrical annexes without concerns about power capacity. Furthermore, a well with a depth of up to 200m, sourced from the convergence of three underground springs, ensures a continuous water supply. The location is ideal, offering quick access to all amenities in Estoi, just 5 minutes away. Additionally, the entire property is securely fenced with a sliding entrance gate, providing security and privacy. Don't miss out on this exceptional opportunity! Contact us now for more information and to arrange a viewing. #ref: 101227
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Currency Exchange
Faro, 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 €250,000 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 |
|---|---|---|---|
| €250,000 | £212,673 | £219,123 | £6,450 |
| Property Price € | €250,000 |
| Minimum cost in the last six months | £212,673 |
| Maximum cost in the last six months | £219,123 |
| Fluctuating exchange rates over the last six months could have increased the cost of this property by | £6,450 |
Faro, 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 €250,000 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 |
|---|---|---|---|
| €250,000 | £212,673 | £219,123 | £6,450 |
| Property Price € | €250,000 |
| Minimum cost in the last six months | £212,673 |
| Maximum cost in the last six months | £219,123 |
| Fluctuating exchange rates over the last six months could have increased the cost of this property by | £6,450 |
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 £6,450 more.
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