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I present two properties with enormous potential, located in Sitio do Quebrada in Arco de São Jorge, 300m from the Atlantic Ocean, 60m above sea level
Santana, Ilha da Madeira, Portugal
REF: 799406
€225,000
Description
I present two properties with enormous potential, located in Sitio do Quebrada in Arco de São Jorge, 300m from the Atlantic Ocean, 60m above sea level. Features: 820m2 plot, 2 houses type T3 and T4. The 4-bedroom house has two floors, parking for 2 cars and landscaped grounds. Ground floor: spacious kitchen with natural light, living room, wine room, cellar, utility room, bathroom and backyard. 1st floor: 4 bedrooms with sea views, a balcony, a large bathroom with window, patio. Single-storey 3-bedroom house located 8m from the road and has its own pedestrian entrance from the footpath. Street parking. Comprising a living room, two dining rooms, large kitchen, covered barbecue area, two bedrooms with sea views, a third bedroom with access to the terrace with sea views and a bathroom. In the basement there are three rooms for storage or a store. There is also a garden on two sides of the house, as well as a vegetable garden near the storage rooms. The houses have electricity and mains water, sewage - septic tank. The houses are WITHOUT LICENSE and need to be repaired. In order to legalize the houses, a project has to be drawn up and submitted to the town hall for approval. In the village of Arco de Sao Jorge there is a grocery store, several cafés and restaurants, a health center and a pharmacy. Public transport is within walking distance. The Atlantic Ocean is 5 minutes away (Praia das Pedras). Book your visit now! #ref: 112655
I present two properties with enormous potential, located in Sitio do Quebrada in Arco de São Jorge, 300m from the Atlantic Ocean, 60m above sea level. Features: 820m2 plot, 2 houses type T3 and T4. The 4-bedroom house has two floors, parking for 2 cars and landscaped grounds. Ground floor: spacious kitchen with natural light, living room, wine room, cellar, utility room, bathroom and backyard. 1st floor: 4 bedrooms with sea views, a balcony, a large bathroom with window, patio. Single-storey 3-bedroom house located 8m from the road and has its own pedestrian entrance from the footpath. Street parking. Comprising a living room, two dining rooms, large kitchen, covered barbecue area, two bedrooms with sea views, a third bedroom with access to the terrace with sea views and a bathroom. In the basement there are three rooms for storage or a store. There is also a garden on two sides of the house, as well as a vegetable garden near the storage rooms. The houses have electricity and mains water, sewage - septic tank. The houses are WITHOUT LICENSE and need to be repaired. In order to legalize the houses, a project has to be drawn up and submitted to the town hall for approval. In the village of Arco de Sao Jorge there is a grocery store, several cafés and restaurants, a health center and a pharmacy. Public transport is within walking distance. The Atlantic Ocean is 5 minutes away (Praia das Pedras). Book your visit now! #ref: 112655
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Currency Exchange
Santana, Ilha da Madeira, 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 €225,000 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 |
|---|---|---|---|
| €225,000 | £185,378 | £195,320 | £9,943 |
| Property Price € | €225,000 |
| Minimum cost in the last six months | £185,378 |
| Maximum cost in the last six months | £195,320 |
| Fluctuating exchange rates over the last six months could have increased the cost of this property by | £9,943 |
Santana, Ilha da Madeira, 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 €225,000 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 |
|---|---|---|---|
| €225,000 | £185,378 | £195,320 | £9,943 |
| Property Price € | €225,000 |
| Minimum cost in the last six months | £185,378 |
| Maximum cost in the last six months | £195,320 |
| Fluctuating exchange rates over the last six months could have increased the cost of this property by | £9,943 |
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 £9,943 more.
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