Search
Stone house in ruins to restore Discover the hidden potential of Formoselos! We present you with a unique investment opportunity: a large plot of land with a ruin full of history, located in the heart of this charming place
Ribeira de Pena, Vila Real, Portugal
REF: 803202
€70,000
Description
Stone house in ruins to restore Discover the hidden potential of Formoselos! We present you with a unique investment opportunity: a large plot of land with a ruin full of history, located in the heart of this charming place. Be part of the revitalisation of this hidden gem and transform it into an extraordinary space. A 1200m2 plot and a 280m2 building area on two floors are the start of an unusual home. Imagine building your own dream home, incorporating the beauty of the past with modern conveniences. This plot offers a picturesque setting, surrounded by lush nature, providing a peaceful and serene atmosphere. Strategically located in Formoselos, this ruin plot is a blank canvas waiting for your creative vision. Get closer to the region's cultural roots, exploring local traditions while building a unique refuge for you and your family, or realise a fantastic investment project in the region's rural tourism. Overlooking the Alvão and Marão mountains, enjoy the hiking trails, the gastronomy or the action that the Adventure Park in Ribeira de Pena can provide. Very close to the River Tmega, enjoy the river beaches, lagoons and mountains. #ref: 114034
Stone house in ruins to restore Discover the hidden potential of Formoselos! We present you with a unique investment opportunity: a large plot of land with a ruin full of history, located in the heart of this charming place. Be part of the revitalisation of this hidden gem and transform it into an extraordinary space. A 1200m2 plot and a 280m2 building area on two floors are the start of an unusual home. Imagine building your own dream home, incorporating the beauty of the past with modern conveniences. This plot offers a picturesque setting, surrounded by lush nature, providing a peaceful and serene atmosphere. Strategically located in Formoselos, this ruin plot is a blank canvas waiting for your creative vision. Get closer to the region's cultural roots, exploring local traditions while building a unique refuge for you and your family, or realise a fantastic investment project in the region's rural tourism. Overlooking the Alvão and Marão mountains, enjoy the hiking trails, the gastronomy or the action that the Adventure Park in Ribeira de Pena can provide. Very close to the River Tmega, enjoy the river beaches, lagoons and mountains. #ref: 114034
Read More
Property on Map
Currency Exchange
Ribeira de Pena, Vila Real, 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 €70,000 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 |
|---|---|---|---|
| €70,000 | £59,548 | £61,358 | £1,810 |
| Property Price € | €70,000 |
| Minimum cost in the last six months | £59,548 |
| Maximum cost in the last six months | £61,358 |
| Fluctuating exchange rates over the last six months could have increased the cost of this property by | £1,810 |
Ribeira de Pena, Vila Real, 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 €70,000 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 |
|---|---|---|---|
| €70,000 | £59,548 | £61,358 | £1,810 |
| Property Price € | €70,000 |
| Minimum cost in the last six months | £59,548 |
| Maximum cost in the last six months | £61,358 |
| Fluctuating exchange rates over the last six months could have increased the cost of this property by | £1,810 |
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 £1,810 more.
Search popular regions
Useful links
Hi {{firstName}},
Enquire about this property
Make an Enquiry on this property
No Yes
No Yes
I agree to be connected with a trusted property agent who will receive
these details.
We handle your data with care and only ever as outlined in our
Privacy Policy
Thank you for your
enquiry!
Our partner agent will be in touch with you shortly.
Our partner agent will be in touch with you shortly.
Enquire about this property
No
Yes
No
Yes
I agree to be connected with the property agent for more detail on this
listing.
We handle your data with care and only ever as outlined in our
Privacy Policy
