Brand New 3 Bedroom Villa For Sale in Monchique

Monchique, Faro, Portugal, 8550-232

For Sale

€1,680,000

REF: 751707 €1,680,000


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Description

This new three-bedroom villa in Caldas de Monchique, set to be completed in March 2024, offers an inverted layout, with the bedrooms and an elevator on the first floor, while the main living area on the lower level features an open-plan living room, a fully equipped kitchen, and a private terrace with a 31m2 infinity pool and gardens.

The villa also includes double-glazed windows, electric shutters, air-conditioning, and a garage for private parking. Monchique is a charming town known for its .. This brand new three bedroom villa for sale is in the quiet and peaceful vicinity of Caldas de Monchique, just 10 minutes from the centre of Monchique and approximately 20 kilometres to the closest beach: Praia da Rocha.

With construction due for completion in March 2024, this villa has the layout of an upside down house so upon entering the property, you are on the first floor where you ll find all three bedrooms and an elevator (capable of accommodating up to seven people) plus stairs to take you downstairs to the main living areas.

The main living area comprises a large, open-plan living room, dining area and top of the range, fully equipped kitchen with a centre island / breakfast bar and a wine fridge. There are three sets of sliding doors from here heading out onto the private terrace and the 31m2 infinity pool, gardens and lounge area with a fire-pit. On this floor there is also an entrance hallway, a laundry room, a WC, outdoor covered areas at the front of the building and an elevator capable of accommodating up to seven people. Back upstairs, the three bedrooms all come with fitted wardrobes, air-conditioning, access to a shared terrace spanning the width of all three rooms plus en-suite bathrooms equipped with walk-in showers except the master bedroom; this has both a walk-in shower and separate bathtub. Additional features include: double glazed windows, electric shutters and air-conditioning throughout the property plus a garage for private parking.

Monchique is a picturesque town located in the lush and mountainous region of the Algarve, Portugal, known for its natural beauty and thermal spa waters. Popular towns such as Portimão and Silves are approximately 20 kilometres away with the large cities of Albufeira and Lagos slightly further away at around 35t o 45 kilometres away.
This new three-bedroom villa in Caldas de Monchique, set to be completed in March 2024, offers an inverted layout, with the bedrooms and an elevator on the first floor, while the main living area on the lower level features an open-plan living room, a fully equipped kitchen, and a private terrace with a 31m2 infinity pool and gardens.

The villa also includes double-glazed windows, electric shutters, air-conditioning, and a garage for private parking. Monchique is a charming town known for its .. This brand new three bedroom villa for sale is in the quiet and peaceful vicinity of Caldas de Monchique, just 10 minutes from the centre of Monchique and approximately 20 kilometres to the closest beach: Praia da Rocha.

With construction due for completion in March 2024, this villa has the layout of an upside down house so upon entering the property, you are on the first floor where you ll find all three bedrooms and an elevator (capable of accommodating up to seven people) plus stairs to take you downstairs to the main living areas.

The main living area comprises a large, open-plan living room, dining area and top of the range, fully equipped kitchen with a centre island / breakfast bar and a wine fridge. There are three sets of sliding doors from here heading out onto the private terrace and the 31m2 infinity pool, gardens and lounge area with a fire-pit. On this floor there is also an entrance hallway, a laundry room, a WC, outdoor covered areas at the front of the building and an elevator capable of accommodating up to seven people. Back upstairs, the three bedrooms all come with fitted wardrobes, air-conditioning, access to a shared terrace spanning the width of all three rooms plus en-suite bathrooms equipped with walk-in showers except the master bedroom; this has both a walk-in shower and separate bathtub. Additional features include: double glazed windows, electric shutters and air-conditioning throughout the property plus a garage for private parking.

Monchique is a picturesque town located in the lush and mountainous region of the Algarve, Portugal, known for its natural beauty and thermal spa waters. Popular towns such as Portimão and Silves are approximately 20 kilometres away with the large cities of Albufeira and Lagos slightly further away at around 35t o 45 kilometres away.
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Property on Map

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Currency Exchange

Monchique, Faro, Portugal, 8550-232

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 €1,680,000 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
€1,680,000 £1,429,159 £1,472,587 £43,428
Property Price € €1,680,000
Minimum cost in the last six months £1,429,159
Maximum cost in the last six months £1,472,587
Fluctuating exchange rates over the last six months could have increased the cost of this property by £43,428

Monchique, Faro, Portugal, 8550-232

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 €1,680,000 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
€1,680,000 £1,429,159 £1,472,587 £43,428
Property Price € €1,680,000
Minimum cost in the last six months £1,429,159
Maximum cost in the last six months £1,472,587
Fluctuating exchange rates over the last six months could have increased the cost of this property by £43,428

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 £43,428 more.

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