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This development consists of 5 houses in the historic center of Olhão, very well located near all amenities
Olhão, Faro, Portugal
REF: 740192
€1,545,000
Description
This development consists of 5 houses in the historic center of Olhão, very well located near all amenities. The central location close to all amenities is a major positive point, as many people value the convenience of having shops, restaurants, and services nearby, as well as the boarding dock for the islands of Ria Formosa. The variety of apartments, ranging from T0 to T2, is excellent as it can attract different types of tenants or buyers, from couples to larger families. Comprising 5 Houses, each with its own theme and decoration, including Oriental, Industrial, Summer, Colonial, and finally Elegant. All houses have direct access through a common patio, with two of them being T2, two T1, and one T0 in typology. All houses are sold furnished, decorated, and fully equipped, featuring electric blinds, double glazing, air conditioning in all rooms, solar panels, and even a private rooftop pool or jacuzzi in each one. All houses benefit from plenty of natural light, making it a very welcoming space where guests feel particularly comfortable. The spacious terraces with leisure areas, barbecue, and even a jacuzzi or pool are certainly an interesting differentiator. These outdoor spaces provide relaxation and entertainment opportunities for residents, potentially increasing the appeal of these small houses in the city center. The mention that these houses are ready for profitability is a strong selling point for potential investors, suggesting the possibility of immediate financial returns through renting or resale. Overall, this appears to be a great real estate investment opportunity, especially due to the privileged location, variety of apartments, and attractive features they offer. Don't miss this opportunity, schedule a viewing and come see this magnificent property. Distance from Faro Airport: 15 Km. Annual income of 8% gross. #ref: 105627
This development consists of 5 houses in the historic center of Olhão, very well located near all amenities. The central location close to all amenities is a major positive point, as many people value the convenience of having shops, restaurants, and services nearby, as well as the boarding dock for the islands of Ria Formosa. The variety of apartments, ranging from T0 to T2, is excellent as it can attract different types of tenants or buyers, from couples to larger families. Comprising 5 Houses, each with its own theme and decoration, including Oriental, Industrial, Summer, Colonial, and finally Elegant. All houses have direct access through a common patio, with two of them being T2, two T1, and one T0 in typology. All houses are sold furnished, decorated, and fully equipped, featuring electric blinds, double glazing, air conditioning in all rooms, solar panels, and even a private rooftop pool or jacuzzi in each one. All houses benefit from plenty of natural light, making it a very welcoming space where guests feel particularly comfortable. The spacious terraces with leisure areas, barbecue, and even a jacuzzi or pool are certainly an interesting differentiator. These outdoor spaces provide relaxation and entertainment opportunities for residents, potentially increasing the appeal of these small houses in the city center. The mention that these houses are ready for profitability is a strong selling point for potential investors, suggesting the possibility of immediate financial returns through renting or resale. Overall, this appears to be a great real estate investment opportunity, especially due to the privileged location, variety of apartments, and attractive features they offer. Don't miss this opportunity, schedule a viewing and come see this magnificent property. Distance from Faro Airport: 15 Km. Annual income of 8% gross. #ref: 105627
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Currency Exchange
Olhão, 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 €1,545,000 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 |
|---|---|---|---|
| €1,545,000 | £1,314,316 | £1,352,539 | £38,223 |
| Property Price € | €1,545,000 |
| Minimum cost in the last six months | £1,314,316 |
| Maximum cost in the last six months | £1,352,539 |
| Fluctuating exchange rates over the last six months could have increased the cost of this property by | £38,223 |
Olhão, 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 €1,545,000 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 |
|---|---|---|---|
| €1,545,000 | £1,314,316 | £1,352,539 | £38,223 |
| Property Price € | €1,545,000 |
| Minimum cost in the last six months | £1,314,316 |
| Maximum cost in the last six months | £1,352,539 |
| Fluctuating exchange rates over the last six months could have increased the cost of this property by | £38,223 |
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 £38,223 more.
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