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Excellent opportunity for investment! 3 bedroom apartment of 130m2 in Restelo with unobstructed view
Lisboa, Lisboa, Portugal
REF: 724068
€550,000
Description
Excellent opportunity for investment! 3 bedroom apartment of 130m2 in Restelo with unobstructed view. Glued to the "towers of Restelo". It contains large areas, highlighting the room for its 30m2 and its unobstructed view. It is an apartment in good condition with a lot of potential with the possibility of some improvements in order to value the future heritage. This apartment also has a terrace common to all condominium owners with about 100m2 in which you can enjoy a fantastic view over the Tagus River. Surrounded by commerce, services and transport highlighting hospitals, schools, colleges, supermarkets, convenience stores, restaurants among others. This apartment also stands out for its excellent location with regard to its access to the center of Lisbon (A5 and marginal), Cascais (A5) and Sintra (IC19) and IC17. Restelo: The neighborhood of the Discoveries. Initially the Restelo, today in the parish of Belém, was a small village located west of the city of Lisbon, Implanted on the beach, served as an anchorage for boats and a place of embarkation and disembarkation for navigators." Nowadays it is one of the most sought after neighborhoods for housing due to its mythical stories of the "Age of Discovery". Heavily residential, this neighborhood is divided into two parts: North and South. North zone: The part belonging to the old parish of S. Francisco Xavier is a mostly residential area although there are various services and even offices. South Zone: It is characterized by a fan plant and a low density starring one of the primordial streets, an outdoor shopping center. Curiosities: - The origin of the word Restelo is due to the geographical location of very productive gardens of the "Rest of Lisbon". It may also have originated from the word "Stella" or Star. - The place of Restelo gave its name to the character of Os Lusíadas, the Old Man of Restelo. #ref: 101932
Excellent opportunity for investment! 3 bedroom apartment of 130m2 in Restelo with unobstructed view. Glued to the "towers of Restelo". It contains large areas, highlighting the room for its 30m2 and its unobstructed view. It is an apartment in good condition with a lot of potential with the possibility of some improvements in order to value the future heritage. This apartment also has a terrace common to all condominium owners with about 100m2 in which you can enjoy a fantastic view over the Tagus River. Surrounded by commerce, services and transport highlighting hospitals, schools, colleges, supermarkets, convenience stores, restaurants among others. This apartment also stands out for its excellent location with regard to its access to the center of Lisbon (A5 and marginal), Cascais (A5) and Sintra (IC19) and IC17. Restelo: The neighborhood of the Discoveries. Initially the Restelo, today in the parish of Belém, was a small village located west of the city of Lisbon, Implanted on the beach, served as an anchorage for boats and a place of embarkation and disembarkation for navigators." Nowadays it is one of the most sought after neighborhoods for housing due to its mythical stories of the "Age of Discovery". Heavily residential, this neighborhood is divided into two parts: North and South. North zone: The part belonging to the old parish of S. Francisco Xavier is a mostly residential area although there are various services and even offices. South Zone: It is characterized by a fan plant and a low density starring one of the primordial streets, an outdoor shopping center. Curiosities: - The origin of the word Restelo is due to the geographical location of very productive gardens of the "Rest of Lisbon". It may also have originated from the word "Stella" or Star. - The place of Restelo gave its name to the character of Os Lusíadas, the Old Man of Restelo. #ref: 101932
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Currency Exchange
Lisboa, Lisboa, 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 €550,000 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 |
|---|---|---|---|
| €550,000 | £467,880 | £482,070 | £14,190 |
| Property Price € | €550,000 |
| Minimum cost in the last six months | £467,880 |
| Maximum cost in the last six months | £482,070 |
| Fluctuating exchange rates over the last six months could have increased the cost of this property by | £14,190 |
Lisboa, Lisboa, 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 €550,000 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 |
|---|---|---|---|
| €550,000 | £467,880 | £482,070 | £14,190 |
| Property Price € | €550,000 |
| Minimum cost in the last six months | £467,880 |
| Maximum cost in the last six months | £482,070 |
| Fluctuating exchange rates over the last six months could have increased the cost of this property by | £14,190 |
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 £14,190 more.
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