Old house in a state of ruin, with a plot of 4160m2, of which 640,000 m² are urban, with an implantation area of 285,000 m² of gross area and 135,000 m² of dependent gross area

Silves, Faro, Portugal

For Sale

€185,000

REF: 723033 €185,000


4

1

285 m2

4160 m2

Description

Old house in a state of ruin, with a plot of 4160m2, of which 640,000 m² are urban, with an implantation area of 285,000 m² of gross area and 135,000 m² of dependent gross area. The owner has started some works, which will not be finished, so the house will be sold in the state and it is up to the buyer to finish the works.

Located in a quiet area of the parish of Tunes, just 15 minutes from the beautiful beaches of Albufeira, 26 minutes from the mythical city of Silves and 35 minutes from Faro Airport. The area is very quiet and surrounded by beautiful green spaces, the ideal place to live and breathe the fresh air of the Algarve.

Currently the villa has 1 old oven, 4 bedrooms, bathroom, living room and kitchen in open-space. Outside you will find some olive trees, a fenced space where the owner had a horse and a large space for cultivation. The infrastructure of electricity, septic tank, water network, are already prepared. Tunis comes from the Arabic "at-Tunis", and opinions regarding the origin of the place name are divided between those who claim that it is due to the fact that the settlement that first settled there came from Tunis in North Africa; In the 19th century, in the place that is now called Tunis, there were only a few houses belonging to farmers who cultivated vines.

The first neighbourhoods began to appear when the railway station was opened on the Gateiras site. Initially, the planned location of the station was in the village of Tunes, in Algoz, the village that gave its name to the parish of Tunes. However, due to the slope of the terrain, it was decided to build the station one kilometre further east.

The settlement of this parish developed around the railway junction that connected Lisbon to the Algarve and was mostly made up of railway employees. At the same time, with the appearance of the thermoelectric power station, the development of this parish was notorious. Today, Tunes is increasingly a parish that follows the route of national tourism, in its station pass daily trains Alfa Pendular and Intercidades to Lisbon or Faro, and regional trains between Vila Real de Santo António and Lagos.

As an independent real estate agent, I have the autonomy to manage my schedule and negotiate my commission with you, guaranteeing you personalised support at every stage of the process and a quality service at the best price. At IAD we provide personalised support to our clients throughout the process of buying or selling a property. #ref: 101846
Old house in a state of ruin, with a plot of 4160m2, of which 640,000 m² are urban, with an implantation area of 285,000 m² of gross area and 135,000 m² of dependent gross area. The owner has started some works, which will not be finished, so the house will be sold in the state and it is up to the buyer to finish the works.

Located in a quiet area of the parish of Tunes, just 15 minutes from the beautiful beaches of Albufeira, 26 minutes from the mythical city of Silves and 35 minutes from Faro Airport. The area is very quiet and surrounded by beautiful green spaces, the ideal place to live and breathe the fresh air of the Algarve.

Currently the villa has 1 old oven, 4 bedrooms, bathroom, living room and kitchen in open-space. Outside you will find some olive trees, a fenced space where the owner had a horse and a large space for cultivation. The infrastructure of electricity, septic tank, water network, are already prepared. Tunis comes from the Arabic "at-Tunis", and opinions regarding the origin of the place name are divided between those who claim that it is due to the fact that the settlement that first settled there came from Tunis in North Africa; In the 19th century, in the place that is now called Tunis, there were only a few houses belonging to farmers who cultivated vines.

The first neighbourhoods began to appear when the railway station was opened on the Gateiras site. Initially, the planned location of the station was in the village of Tunes, in Algoz, the village that gave its name to the parish of Tunes. However, due to the slope of the terrain, it was decided to build the station one kilometre further east.

The settlement of this parish developed around the railway junction that connected Lisbon to the Algarve and was mostly made up of railway employees. At the same time, with the appearance of the thermoelectric power station, the development of this parish was notorious. Today, Tunes is increasingly a parish that follows the route of national tourism, in its station pass daily trains Alfa Pendular and Intercidades to Lisbon or Faro, and regional trains between Vila Real de Santo António and Lagos.

As an independent real estate agent, I have the autonomy to manage my schedule and negotiate my commission with you, guaranteeing you personalised support at every stage of the process and a quality service at the best price. At IAD we provide personalised support to our clients throughout the process of buying or selling a property. #ref: 101846
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Property on Map

#101846

Currency Exchange

Silves, 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 €185,000 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
€185,000 £157,378 £161,105 £3,728
Property Price € €185,000
Minimum cost in the last six months £157,378
Maximum cost in the last six months £161,105
Fluctuating exchange rates over the last six months could have increased the cost of this property by £3,728

Silves, 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 €185,000 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
€185,000 £157,378 £161,105 £3,728
Property Price € €185,000
Minimum cost in the last six months £157,378
Maximum cost in the last six months £161,105
Fluctuating exchange rates over the last six months could have increased the cost of this property by £3,728

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 £3,728 more.

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