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Vast land with ruin to renovate
Vila do Bispo, Faro, Portugal, 8650-040
REF: 753648
€499,000
Description
Excellent opportunity to develop a personal project or potential for a business on a large plot of land measuring 344750sqmt, of which 1000sqmt has a ruin inviting for a renovation project. It is in Pedralva that you will find this magnificent land on which you can develop a dream, your dream. With more than 34 hectares of vast and diverse land, you have a magnificent opportunity to renovate the ruin there and build a house of up to 400m2 or develop a more ambitious project of up to 2000m2. It will also have space for various types of cultivation. As you can see in the images, it is easily accessible via a dirt road.
Pedralva was once an area with just 9 inhabitants and continues to be a small rural village where you can find privacy and tranquility with incredible views all around. It is just a few minutes from Raposeira, where you will find some basic services, and 5 minutes from Vila do Bispo, where you will find a greater diversity of services.
This area of the Western Algarve is well known for its stunning beaches, home to many lovers of the most varied water sports. It is also an attraction for mountain bikers and hikers. Its indescribable views have become part of the catalogs of many who choose this area of the Costa Vicentina as a destination for their holidays.
This paradisiacal destination can be part of your life plan. Get in touch for more details and to arrange a visit with us.
Excellent opportunity to develop a personal project or potential for a business on a large plot of land measuring 344750sqmt, of which 1000sqmt has a ruin inviting for a renovation project. It is in Pedralva that you will find this magnificent land on which you can develop a dream, your dream. With more than 34 hectares of vast and diverse land, you have a magnificent opportunity to renovate the ruin there and build a house of up to 400m2 or develop a more ambitious project of up to 2000m2. It will also have space for various types of cultivation. As you can see in the images, it is easily accessible via a dirt road.
Pedralva was once an area with just 9 inhabitants and continues to be a small rural village where you can find privacy and tranquility with incredible views all around. It is just a few minutes from Raposeira, where you will find some basic services, and 5 minutes from Vila do Bispo, where you will find a greater diversity of services.
This area of the Western Algarve is well known for its stunning beaches, home to many lovers of the most varied water sports. It is also an attraction for mountain bikers and hikers. Its indescribable views have become part of the catalogs of many who choose this area of the Costa Vicentina as a destination for their holidays.
This paradisiacal destination can be part of your life plan. Get in touch for more details and to arrange a visit with us.
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Currency Exchange
Vila do Bispo, Faro, Portugal, 8650-040
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 €499,000 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 |
|---|---|---|---|
| €499,000 | £424,494 | £437,393 | £12,899 |
| Property Price € | €499,000 |
| Minimum cost in the last six months | £424,494 |
| Maximum cost in the last six months | £437,393 |
| Fluctuating exchange rates over the last six months could have increased the cost of this property by | £12,899 |
Vila do Bispo, Faro, Portugal, 8650-040
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 €499,000 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 |
|---|---|---|---|
| €499,000 | £424,494 | £437,393 | £12,899 |
| Property Price € | €499,000 |
| Minimum cost in the last six months | £424,494 |
| Maximum cost in the last six months | £437,393 |
| Fluctuating exchange rates over the last six months could have increased the cost of this property by | £12,899 |
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 £12,899 more.
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