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Discover this exclusive property, ideally located just 1 minute from the stunning Olhão marina
Olhão, Faro, Portugal
REF: 752326
€235,000
Description
Discover this exclusive property, ideally located just 1 minute from the stunning Olhão marina. Spread across the ground floor, first floor, and terrace, this residence presents a unique investment opportunity. On the ground floor, you'll find a versatile space ready for reconstruction, allowing for the creation of a cozy 1-bedroom apartmentperfect for those seeking comfort and convenience. The first floor offers the same potential, enabling the design of a second 1-bedroom apartment, tailored to individual needs or potential tenants. The terrace, boasting breathtaking views of the marina and Olhão downtown, adds a special touch to this property, providing a perfect outdoor space for relaxation or social gatherings. Key Features: Prime location, just 1 minute from Olhão marina. Ground floor and first floor with the potential for two 1-bedroom apartments. Terrace with panoramic views of the city and marina. Unique investment opportunity in Olhão downtown. This is an unmissable opportunity for those looking to invest in a property with dual residence potential in one of Olhão's most attractive areas. Schedule your visit now and uncover the possibilities of this unique dwelling. #ref: 107794
Discover this exclusive property, ideally located just 1 minute from the stunning Olhão marina. Spread across the ground floor, first floor, and terrace, this residence presents a unique investment opportunity. On the ground floor, you'll find a versatile space ready for reconstruction, allowing for the creation of a cozy 1-bedroom apartmentperfect for those seeking comfort and convenience. The first floor offers the same potential, enabling the design of a second 1-bedroom apartment, tailored to individual needs or potential tenants. The terrace, boasting breathtaking views of the marina and Olhão downtown, adds a special touch to this property, providing a perfect outdoor space for relaxation or social gatherings. Key Features: Prime location, just 1 minute from Olhão marina. Ground floor and first floor with the potential for two 1-bedroom apartments. Terrace with panoramic views of the city and marina. Unique investment opportunity in Olhão downtown. This is an unmissable opportunity for those looking to invest in a property with dual residence potential in one of Olhão's most attractive areas. Schedule your visit now and uncover the possibilities of this unique dwelling. #ref: 107794
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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 €235,000 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 |
|---|---|---|---|
| €235,000 | £199,912 | £205,987 | £6,075 |
| Property Price € | €235,000 |
| Minimum cost in the last six months | £199,912 |
| Maximum cost in the last six months | £205,987 |
| Fluctuating exchange rates over the last six months could have increased the cost of this property by | £6,075 |
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 €235,000 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 |
|---|---|---|---|
| €235,000 | £199,912 | £205,987 | £6,075 |
| Property Price € | €235,000 |
| Minimum cost in the last six months | £199,912 |
| Maximum cost in the last six months | £205,987 |
| Fluctuating exchange rates over the last six months could have increased the cost of this property by | £6,075 |
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 £6,075 more.
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