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Take advantage of this unique opportunity to own 2 attached houses on a generous size plot in Portimao
Portimão, Faro, Portugal
REF: 753236
€465,000
Description
Take advantage of this unique opportunity to own 2 attached houses on a generous size plot in Portimao. Conveniently located with easy access to the N125 and A22 and next to the beautiful estuaries of the Arade river. Just a stone's throw away from Portimao and all its amenities. In addition, the City of Portimao has promised 2 generously sized plots of land permitted for building in the event of a proposed street project which traverses a small portion of the existing land. The 2 plots are located approximately 100 meters south the property and 460m2 each in size which equals 920m2 in total potential granted land. Both houses have 3 bedrooms, living room, dining room and bathroom. One of the houses is currently habitable yet both are in need of renovation and can easily be combined into one project. The total plot size is just over 3200m2. Plenty of untouched land suitable for a variety of projects. A wide variety of fruit trees and plants upon entry give this property a very cozy feel. Great sun exposure and orientation can be taken advantage of for gardening or farming. There is also a large garage suitable for at least 2 cars and storage space. In addition, the property has a well which can be utilized for both houses and simply for land irrigation. Dont miss this opportunity and come visit the potential of this unique property! #ref: 106453
Take advantage of this unique opportunity to own 2 attached houses on a generous size plot in Portimao. Conveniently located with easy access to the N125 and A22 and next to the beautiful estuaries of the Arade river. Just a stone's throw away from Portimao and all its amenities. In addition, the City of Portimao has promised 2 generously sized plots of land permitted for building in the event of a proposed street project which traverses a small portion of the existing land. The 2 plots are located approximately 100 meters south the property and 460m2 each in size which equals 920m2 in total potential granted land. Both houses have 3 bedrooms, living room, dining room and bathroom. One of the houses is currently habitable yet both are in need of renovation and can easily be combined into one project. The total plot size is just over 3200m2. Plenty of untouched land suitable for a variety of projects. A wide variety of fruit trees and plants upon entry give this property a very cozy feel. Great sun exposure and orientation can be taken advantage of for gardening or farming. There is also a large garage suitable for at least 2 cars and storage space. In addition, the property has a well which can be utilized for both houses and simply for land irrigation. Dont miss this opportunity and come visit the potential of this unique property! #ref: 106453
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Currency Exchange
Portimão, 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 €465,000 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 |
|---|---|---|---|
| €465,000 | £395,571 | £406,015 | £10,444 |
| Property Price € | €465,000 |
| Minimum cost in the last six months | £395,571 |
| Maximum cost in the last six months | £406,015 |
| Fluctuating exchange rates over the last six months could have increased the cost of this property by | £10,444 |
Portimão, 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 €465,000 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 |
|---|---|---|---|
| €465,000 | £395,571 | £406,015 | £10,444 |
| Property Price € | €465,000 |
| Minimum cost in the last six months | £395,571 |
| Maximum cost in the last six months | £406,015 |
| Fluctuating exchange rates over the last six months could have increased the cost of this property by | £10,444 |
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 £10,444 more.
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