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Are you looking for a 2 bedroom apartment to rebuild from scratch? With stunning sea views? We have the ideal solution for you!
Portimão, Faro, Portugal, 8500-802 Praia da Ro
REF: 737276
€520,000
Description
Located on the 1st line of Praia da Rocha, this property offers a magnificent view of the Praia da Rocha Marina and the beach. Located next to the fortress of Santa Catarina, it has stairs with direct access to the beach and marina. With an approved project for the construction of a large T2, its spacious areas allow changes according to your needs. In addition, there is the possibility of installing a jacuzzi on the terrace (32.40 m2), which is covered by a climatic pergola. The building also has a private parking lot. This apartment can be sold with refurbishment works completed, following the "Turnkey" concept. Price and conditions on request. Don't miss this opportunity! Previously scheduled visit.
Property features:
- Floor area: 311 m
- Living area: 279 m
- 2 bedrooms
- 2 bathrooms
- Second hand/To recover
-Collection
- Year of construction: 1971
- Ground floor
- With elevator
- South Orientation
- PARKING space included in the price
Located on the 1st line of Praia da Rocha, this property offers a magnificent view of the Praia da Rocha Marina and the beach. Located next to the fortress of Santa Catarina, it has stairs with direct access to the beach and marina. With an approved project for the construction of a large T2, its spacious areas allow changes according to your needs. In addition, there is the possibility of installing a jacuzzi on the terrace (32.40 m2), which is covered by a climatic pergola. The building also has a private parking lot. This apartment can be sold with refurbishment works completed, following the "Turnkey" concept. Price and conditions on request. Don't miss this opportunity! Previously scheduled visit.
Property features:
- Floor area: 311 m
- Living area: 279 m
- 2 bedrooms
- 2 bathrooms
- Second hand/To recover
-Collection
- Year of construction: 1971
- Ground floor
- With elevator
- South Orientation
- PARKING space included in the price
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Property on Map
Currency Exchange
Portimão, Faro, Portugal, 8500-802 Praia da Ro
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 €520,000 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 |
|---|---|---|---|
| €520,000 | £442,359 | £455,224 | £12,865 |
| Property Price € | €520,000 |
| Minimum cost in the last six months | £442,359 |
| Maximum cost in the last six months | £455,224 |
| Fluctuating exchange rates over the last six months could have increased the cost of this property by | £12,865 |
Portimão, Faro, Portugal, 8500-802 Praia da Ro
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 €520,000 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 |
|---|---|---|---|
| €520,000 | £442,359 | £455,224 | £12,865 |
| Property Price € | €520,000 |
| Minimum cost in the last six months | £442,359 |
| Maximum cost in the last six months | £455,224 |
| Fluctuating exchange rates over the last six months could have increased the cost of this property by | £12,865 |
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 £12,865 more.
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