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Come with me on this journey: We leave the beautiful village of Espinhal, where we have all the shops, from schools (public offer and international project), bakery, supermarket, café
Penela, Coimbra, Portugal
REF: 800712
€75,000
Description
Come with me on this journey: We leave the beautiful village of Espinhal, where we have all the shops, from schools (public offer and international project), bakery, supermarket, café...) We travelled for 5 minutes along a cobbled road between viewpoints until we reached the riverbank. We descend the small hill to the sound of birdsong and the beautiful melody of the crystal-clear waters of the Ribeira da Azenha. Between cork oaks, strawberry trees, olive trees and heather... Here is a huge stone ruin, built right in front of the river, on a flat area that follows the natural curve of the mountain and gives us a "magical" atmosphere! The ground remains until dusk, giving colour and light to the green of the hill. 6106 square metres of land, mostly flat, with a few levels that delicately skirt the mountain, forming beautiful "balconies" under the river. An extensive ruin where a water mill used to operate and where people used to bring corn to be turned into flour, and next door a house to be restored. A unique, paradisiacal property! Nature in its pure state, splendid! This could be your dream home and it could also be the ideal place to invest in accommodation. There's also the possibility of having both: housing and accommodation. Several possibilities, lots of potential. Come and see for yourself. #ref: 114151
Come with me on this journey: We leave the beautiful village of Espinhal, where we have all the shops, from schools (public offer and international project), bakery, supermarket, café...) We travelled for 5 minutes along a cobbled road between viewpoints until we reached the riverbank. We descend the small hill to the sound of birdsong and the beautiful melody of the crystal-clear waters of the Ribeira da Azenha. Between cork oaks, strawberry trees, olive trees and heather... Here is a huge stone ruin, built right in front of the river, on a flat area that follows the natural curve of the mountain and gives us a "magical" atmosphere! The ground remains until dusk, giving colour and light to the green of the hill. 6106 square metres of land, mostly flat, with a few levels that delicately skirt the mountain, forming beautiful "balconies" under the river. An extensive ruin where a water mill used to operate and where people used to bring corn to be turned into flour, and next door a house to be restored. A unique, paradisiacal property! Nature in its pure state, splendid! This could be your dream home and it could also be the ideal place to invest in accommodation. There's also the possibility of having both: housing and accommodation. Several possibilities, lots of potential. Come and see for yourself. #ref: 114151
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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 €75,000 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 |
|---|---|---|---|
| €75,000 | £63,802 | £65,486 | £1,685 |
| Property Price € | €75,000 |
| Minimum cost in the last six months | £63,802 |
| Maximum cost in the last six months | £65,486 |
| Fluctuating exchange rates over the last six months could have increased the cost of this property by | £1,685 |
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 €75,000 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 |
|---|---|---|---|
| €75,000 | £63,802 | £65,486 | £1,685 |
| Property Price € | €75,000 |
| Minimum cost in the last six months | £63,802 |
| Maximum cost in the last six months | £65,486 |
| Fluctuating exchange rates over the last six months could have increased the cost of this property by | £1,685 |
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 £1,685 more.
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