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Charming historic house, completely renovated, in downtown Olhão
Olhão, Faro, Portugal, 8700-132
REF: 732000
€720,000
Description
Villa with unique architecture and charm, located in the historic center of Olhão, a city known for its traditional "cubist" architecture, with its seafood and fish markets. The cozy living room measuring around 20m2 is the gateway to the ground floor. The elegance, careful finishes and luminosity are immediately noticeable, with the Santa Catarina flooring (over the underfloor heating). From there we have access to the first bedroom, currently transformed into a living room. The corridor takes us to the rest of the house, highlighting the 3.5 meter ceilings and vaulted ceilings characteristic of the region. The second bedroom, connected to the charming bathroom, highlights the unique spirit of the house. The kitchen, fully equipped and with a central island, is partially covered with cement tiles handmade by a local artisan. There is a second access from the outside, via a pedestrian street, which adds even more value to this house, as the distance to the markets is reduced, allowing purchases to be carried directly to the kitchen. On the second floor, there is the third bedroom, and a second complete bathroom, both continuing the style of the house. From here, there is access to the fabulous terrace of around 100m2, with a private relaxation area under a large pergola, currently featuring a summer kitchen, with enough space to install a removable swimming pool. There is also a second upper terrace with open views, measuring approximately 15m2. The house has solar panels, underfloor heating, pre-installation of air conditioning, wall insulation with lime and cement plaster and a heat recovery stove. We share business 50% with all authorized intermediaries with an AMI license, because we know that together we can do more for our customers We also provide support in the financing process through a Credit Intermediary authorized by Banco de Portugal.
Villa with unique architecture and charm, located in the historic center of Olhão, a city known for its traditional "cubist" architecture, with its seafood and fish markets. The cozy living room measuring around 20m2 is the gateway to the ground floor. The elegance, careful finishes and luminosity are immediately noticeable, with the Santa Catarina flooring (over the underfloor heating). From there we have access to the first bedroom, currently transformed into a living room. The corridor takes us to the rest of the house, highlighting the 3.5 meter ceilings and vaulted ceilings characteristic of the region. The second bedroom, connected to the charming bathroom, highlights the unique spirit of the house. The kitchen, fully equipped and with a central island, is partially covered with cement tiles handmade by a local artisan. There is a second access from the outside, via a pedestrian street, which adds even more value to this house, as the distance to the markets is reduced, allowing purchases to be carried directly to the kitchen. On the second floor, there is the third bedroom, and a second complete bathroom, both continuing the style of the house. From here, there is access to the fabulous terrace of around 100m2, with a private relaxation area under a large pergola, currently featuring a summer kitchen, with enough space to install a removable swimming pool. There is also a second upper terrace with open views, measuring approximately 15m2. The house has solar panels, underfloor heating, pre-installation of air conditioning, wall insulation with lime and cement plaster and a heat recovery stove. We share business 50% with all authorized intermediaries with an AMI license, because we know that together we can do more for our customers We also provide support in the financing process through a Credit Intermediary authorized by Banco de Portugal.
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Currency Exchange
Olhão, Faro, Portugal, 8700-132
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 €720,000 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 |
|---|---|---|---|
| €720,000 | £612,497 | £631,109 | £18,612 |
| Property Price € | €720,000 |
| Minimum cost in the last six months | £612,497 |
| Maximum cost in the last six months | £631,109 |
| Fluctuating exchange rates over the last six months could have increased the cost of this property by | £18,612 |
Olhão, Faro, Portugal, 8700-132
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 €720,000 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 |
|---|---|---|---|
| €720,000 | £612,497 | £631,109 | £18,612 |
| Property Price € | €720,000 |
| Minimum cost in the last six months | £612,497 |
| Maximum cost in the last six months | £631,109 |
| Fluctuating exchange rates over the last six months could have increased the cost of this property by | £18,612 |
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 £18,612 more.
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