Welcome to Arade Premium Village, a new residential area located only 1

Lagoa (Algarve), Faro, Portugal

For Sale

€540,000

REF: 801192 €540,000


3

3


180 m2

225 m2

Description

Welcome to Arade Premium Village, a new residential area located only 1.9km from the beautiful and picturesque village of Ferragudo and just a few minutes' drive from Portimão and Carvoeiro. Ferragudo is a charming and traditional fishing village which is known for its whitewashed cottages and romantic chapel perched high above the sea.

Ferragudo has a delightful harbor and a broad selection of outstanding restaurants. Portimão is the second largest city in the Algarve. It is well known for its excellent sandy beaches, its vibrant nightlife and it has all the services that a large city has to offer (e.g. shops, cinemas, gym, restaurants, hospitals, pharmacies, schools or local food markets).

Whether you prefer to enjoy a quiet or vibrant lifestyle, you will be able to enjoy the best of both worlds from your new home at Arade Premium Village. This new residential area will consist of six detached houses, seven semi-detached houses, nine townhouses, and eight apartments, providing a range of luxury options for any discerning buyer.

There are only 5 townhouses (T3+1) left for sale. Each property will consist of a two story building of ~180m2 set on a plot of 225m2 and will have a private pool and parking for two cars. The townhouses will offer a modern design with an outdoor/indoor feel. As you enter the property, you will find a nice courtyard that will lead you to the townhouse.

On the ground floor, you will find a bright open space consisting of a living room with fireplace, dining room, kitchen and a laundry room. From this room, you will have direct access to a large terrace of ~35m2 and a pool (~10m2). You will also find an office of ~14m2 which will have a private terrace as well as a bathroom (~5m2).

On the first floor, you will have a master suite and two bedrooms. The Master suite (~24m2) will have a terrace as well as a bathroom equipped with a double sink and a bathtub open on the exterior. The two additional bedrooms are ~9 m2 each and both have private balconies. There is also a shared bathroom of ~5 m2 and a beautiful winter garden.

All bedrooms will be equipped with wardrobes. The kitchen will be fully equipped with a microwave, oven, induction cooktop, dishwasher and a fridge. The townhouses are currently under construction and are expected to be delivered in Q2 2025. In terms of location, Arade Premium Village is close to several stunning beaches such as Praia Grande or Praia dos Caneiros, as well as many restaurants that will satisfy all palates and budgets including fine dining options, trendy beach clubs and Michelin star restaurants.

For nature lovers who like to hike and bike, there are many cliffside paths that take you to secluded coves backed by limestone cliffs. For golf enthusiasts, several top-quality golf courses are also nearby. The nearest supermarket is just a 2-minute drive away, while all other essential services are conveniently located and easily accessible. For more information, contact me at [email protected] or +351 912 222 159 IAD Portugal AMI: 11220 #ref: 114202
Welcome to Arade Premium Village, a new residential area located only 1.9km from the beautiful and picturesque village of Ferragudo and just a few minutes' drive from Portimão and Carvoeiro. Ferragudo is a charming and traditional fishing village which is known for its whitewashed cottages and romantic chapel perched high above the sea.

Ferragudo has a delightful harbor and a broad selection of outstanding restaurants. Portimão is the second largest city in the Algarve. It is well known for its excellent sandy beaches, its vibrant nightlife and it has all the services that a large city has to offer (e.g. shops, cinemas, gym, restaurants, hospitals, pharmacies, schools or local food markets).

Whether you prefer to enjoy a quiet or vibrant lifestyle, you will be able to enjoy the best of both worlds from your new home at Arade Premium Village. This new residential area will consist of six detached houses, seven semi-detached houses, nine townhouses, and eight apartments, providing a range of luxury options for any discerning buyer.

There are only 5 townhouses (T3+1) left for sale. Each property will consist of a two story building of ~180m2 set on a plot of 225m2 and will have a private pool and parking for two cars. The townhouses will offer a modern design with an outdoor/indoor feel. As you enter the property, you will find a nice courtyard that will lead you to the townhouse.

On the ground floor, you will find a bright open space consisting of a living room with fireplace, dining room, kitchen and a laundry room. From this room, you will have direct access to a large terrace of ~35m2 and a pool (~10m2). You will also find an office of ~14m2 which will have a private terrace as well as a bathroom (~5m2).

On the first floor, you will have a master suite and two bedrooms. The Master suite (~24m2) will have a terrace as well as a bathroom equipped with a double sink and a bathtub open on the exterior. The two additional bedrooms are ~9 m2 each and both have private balconies. There is also a shared bathroom of ~5 m2 and a beautiful winter garden.

All bedrooms will be equipped with wardrobes. The kitchen will be fully equipped with a microwave, oven, induction cooktop, dishwasher and a fridge. The townhouses are currently under construction and are expected to be delivered in Q2 2025. In terms of location, Arade Premium Village is close to several stunning beaches such as Praia Grande or Praia dos Caneiros, as well as many restaurants that will satisfy all palates and budgets including fine dining options, trendy beach clubs and Michelin star restaurants.

For nature lovers who like to hike and bike, there are many cliffside paths that take you to secluded coves backed by limestone cliffs. For golf enthusiasts, several top-quality golf courses are also nearby. The nearest supermarket is just a 2-minute drive away, while all other essential services are conveniently located and easily accessible. For more information, contact me at [email protected] or +351 912 222 159 IAD Portugal AMI: 11220 #ref: 114202
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Property on Map

#114202

Currency Exchange

Lagoa (Algarve), Faro, 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 €540,000 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
€540,000 £459,373 £473,332 £13,959
Property Price € €540,000
Minimum cost in the last six months £459,373
Maximum cost in the last six months £473,332
Fluctuating exchange rates over the last six months could have increased the cost of this property by £13,959

Lagoa (Algarve), Faro, 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 €540,000 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
€540,000 £459,373 £473,332 £13,959
Property Price € €540,000
Minimum cost in the last six months £459,373
Maximum cost in the last six months £473,332
Fluctuating exchange rates over the last six months could have increased the cost of this property by £13,959

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 £13,959 more.

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