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This property has 683 square metres of gross construction area, 4 houses, commercial space, a warehouse and land
Penela, Coimbra, Portugal
REF: 756503
€250,000
Description
This property has 683 square metres of gross construction area, 4 houses, commercial space, a warehouse and land. It is located in the centre of the village of Espinhal, a beautiful area in full development where demand for housing has risen sharply. This village is centrally located, with public schools and an international school just a few minutes away, shops, café/restaurant, ATM, post office, bakery, trails, waterfalls, schist villages, river beach, motorway and the welcoming tranquillity of central Portugal. A unique property for investment! By reorganising the space, it will still be possible to create an expensive farmhouse. Of the 4 existing villas, one is ready to move into and just needs painting. The second and third, with little investment, will become very pleasant homes, the fourth needs more renovation and one of the warehouses can easily be made into a beautiful single-storey house. Extraordinary! All the houses have access to a backyard with beautiful mountain views and excellent sun exposure. A unique opportunity! The first house is at the rear with southern exposure and a small yard. It's a ground floor house with a bedroom en suite, laundry room, living room, dining room, kitchen and pantry. It's ready to move into. The second house is on the first floor of a stately home with high ceilings, windows and doors. It has two bedrooms, a large living room with a balcony, a bathroom and a terrace. The house needs little remodelling. The third house, also on the first floor, has two bedrooms, a lounge, kitchen, bathroom, terrace with mountain views and a small yard with storage. It has the minimum living conditions. The fourth house, located on the first floor, has a bedroom, lounge, kitchen and bathroom. On the ground floor, many years ago, there was a commercial space with a café/tavern, mini-market, haberdashery and furniture sales and display. This is a large space with sanitary facilities, which could be transformed into two more dwellings, formed at the end of a house in the centre of the town of Espinhal, close to the motorway, schools and a variety of shops. A highly sought-after location, great for investment. Come and see for yourself. #ref: 108561
This property has 683 square metres of gross construction area, 4 houses, commercial space, a warehouse and land. It is located in the centre of the village of Espinhal, a beautiful area in full development where demand for housing has risen sharply. This village is centrally located, with public schools and an international school just a few minutes away, shops, café/restaurant, ATM, post office, bakery, trails, waterfalls, schist villages, river beach, motorway and the welcoming tranquillity of central Portugal. A unique property for investment! By reorganising the space, it will still be possible to create an expensive farmhouse. Of the 4 existing villas, one is ready to move into and just needs painting. The second and third, with little investment, will become very pleasant homes, the fourth needs more renovation and one of the warehouses can easily be made into a beautiful single-storey house. Extraordinary! All the houses have access to a backyard with beautiful mountain views and excellent sun exposure. A unique opportunity! The first house is at the rear with southern exposure and a small yard. It's a ground floor house with a bedroom en suite, laundry room, living room, dining room, kitchen and pantry. It's ready to move into. The second house is on the first floor of a stately home with high ceilings, windows and doors. It has two bedrooms, a large living room with a balcony, a bathroom and a terrace. The house needs little remodelling. The third house, also on the first floor, has two bedrooms, a lounge, kitchen, bathroom, terrace with mountain views and a small yard with storage. It has the minimum living conditions. The fourth house, located on the first floor, has a bedroom, lounge, kitchen and bathroom. On the ground floor, many years ago, there was a commercial space with a café/tavern, mini-market, haberdashery and furniture sales and display. This is a large space with sanitary facilities, which could be transformed into two more dwellings, formed at the end of a house in the centre of the town of Espinhal, close to the motorway, schools and a variety of shops. A highly sought-after location, great for investment. Come and see for yourself. #ref: 108561
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Currency Exchange
Penela, Coimbra, 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 €250,000 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 |
|---|---|---|---|
| €250,000 | £212,673 | £219,123 | £6,450 |
| Property Price € | €250,000 |
| Minimum cost in the last six months | £212,673 |
| Maximum cost in the last six months | £219,123 |
| Fluctuating exchange rates over the last six months could have increased the cost of this property by | £6,450 |
Penela, Coimbra, 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 €250,000 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 |
|---|---|---|---|
| €250,000 | £212,673 | £219,123 | £6,450 |
| Property Price € | €250,000 |
| Minimum cost in the last six months | £212,673 |
| Maximum cost in the last six months | £219,123 |
| Fluctuating exchange rates over the last six months could have increased the cost of this property by | £6,450 |
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 £6,450 more.
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