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Secluded ocean view property on big plot for sale in the heart of Carvoeiro
Lagoa, Portugal
REF: 754056
€2,375,000
Description
Rustic style 3 bedroom home with spectacular sea views, located on a quiet cul-de-sac on the prestigious development of Carvoeiro Club and just minutes walk away from the town center. Set in well established private garden with mature trees and plants. The original old farm house was restored and refurbished around 1980 and is currently in need of full refurbishment. This house has many interesting and unusual features and has great potential for someone searching for a special project. It is possible to enlarge the house to nearly double the current size by adding large extensions, and also by renovating and extending the old part of the house and having up to 5 bedrooms.
Rustic style 3 bedroom home with spectacular sea views, located on a quiet cul-de-sac on the prestigious development of Carvoeiro Club and just minutes walk away from the town center. Set in well established private garden with mature trees and plants. The original old farm house was restored and refurbished around 1980 and is currently in need of full refurbishment. This house has many interesting and unusual features and has great potential for someone searching for a special project. It is possible to enlarge the house to nearly double the current size by adding large extensions, and also by renovating and extending the old part of the house and having up to 5 bedrooms.
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Currency Exchange
Lagoa, 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 €2,375,000 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 |
|---|---|---|---|
| €2,375,000 | £2,020,389 | £2,081,783 | £61,394 |
| Property Price € | €2,375,000 |
| Minimum cost in the last six months | £2,020,389 |
| Maximum cost in the last six months | £2,081,783 |
| Fluctuating exchange rates over the last six months could have increased the cost of this property by | £61,394 |
Lagoa, 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 €2,375,000 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 |
|---|---|---|---|
| €2,375,000 | £2,020,389 | £2,081,783 | £61,394 |
| Property Price € | €2,375,000 |
| Minimum cost in the last six months | £2,020,389 |
| Maximum cost in the last six months | £2,081,783 |
| Fluctuating exchange rates over the last six months could have increased the cost of this property by | £61,394 |
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 £61,394 more.
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