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Cottages of Serreta
Angra do Heroísmo, Ilha Terceira, Portugal, 9700-664
REF: 731587
€700,000
Description
The Estalagem da Serreta is known for having been the meeting place between Marcelo Caetano, on the part of Portugal, Georges Pompidou, on the part of France, and Richard Nixon, on the part of the United States, during the Pompidou/Nixon summit that took place on the island of Terceira in December 1971. It is ready for refurbishment. It offers a breathtaking panoramic view of the sea and islands and is inserted in the middle of a beautiful green vegetation.
The organic forms of the buildi.. The Estalagem da Serreta is known for having been the meeting place between Marcelo Caetano, on the part of Portugal, Georges Pompidou, on the part of France, and Richard Nixon, on the part of the United States, during the Pompidou/Nixon summit that took place on the island of Terceira in December 1971. It is ready for refurbishment. It offers a breathtaking panoramic view of the sea and islands and is inserted in the middle of a beautiful green vegetation.
The organic forms of the building merge perfectly with the natural terrain, creating a harmonious and unique environment.
Located on a spacious plot of 5808 m2, this property offers ample space for expansion or customization and with 1478 m2 of existing construction, there is a solid foundation for refurbishment.
Whether you imagine a luxury retreat or a charming boutique hotel, the possibilities are endless.
Don't miss the opportunity to turn this idyllic setting into your dream property.
The Estalagem da Serreta is known for having been the meeting place between Marcelo Caetano, on the part of Portugal, Georges Pompidou, on the part of France, and Richard Nixon, on the part of the United States, during the Pompidou/Nixon summit that took place on the island of Terceira in December 1971. It is ready for refurbishment. It offers a breathtaking panoramic view of the sea and islands and is inserted in the middle of a beautiful green vegetation.
The organic forms of the buildi.. The Estalagem da Serreta is known for having been the meeting place between Marcelo Caetano, on the part of Portugal, Georges Pompidou, on the part of France, and Richard Nixon, on the part of the United States, during the Pompidou/Nixon summit that took place on the island of Terceira in December 1971. It is ready for refurbishment. It offers a breathtaking panoramic view of the sea and islands and is inserted in the middle of a beautiful green vegetation.
The organic forms of the building merge perfectly with the natural terrain, creating a harmonious and unique environment.
Located on a spacious plot of 5808 m2, this property offers ample space for expansion or customization and with 1478 m2 of existing construction, there is a solid foundation for refurbishment.
Whether you imagine a luxury retreat or a charming boutique hotel, the possibilities are endless.
Don't miss the opportunity to turn this idyllic setting into your dream property.
Read More
Property on Map
Currency Exchange
Angra do Heroísmo, Ilha Terceira, Portugal, 9700-664
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 €700,000 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 |
|---|---|---|---|
| €700,000 | £595,483 | £613,578 | £18,095 |
| Property Price € | €700,000 |
| Minimum cost in the last six months | £595,483 |
| Maximum cost in the last six months | £613,578 |
| Fluctuating exchange rates over the last six months could have increased the cost of this property by | £18,095 |
Angra do Heroísmo, Ilha Terceira, Portugal, 9700-664
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 €700,000 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 |
|---|---|---|---|
| €700,000 | £595,483 | £613,578 | £18,095 |
| Property Price € | €700,000 |
| Minimum cost in the last six months | £595,483 |
| Maximum cost in the last six months | £613,578 |
| Fluctuating exchange rates over the last six months could have increased the cost of this property by | £18,095 |
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 £18,095 more.
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