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*Magnificent 5-Bedroom House with Investment Potential* This exquisite detached house, situated on a vast plot of 500m² and offering a total area of 396m², is an opportunity not to be missed
Loulé, Faro, Portugal
REF: 816431
€2,300,000
Description
*Magnificent 5-Bedroom House with Investment Potential* This exquisite detached house, situated on a vast plot of 500m² and offering a total area of 396m², is an opportunity not to be missed. With 2 floors and two separate entrances, it offers a unique flexibility of use, easily convertible into two independent apartments. *Key Features:* - 5 spacious bedrooms, all en suite - Two generous living rooms, perfect for entertainment - Two well-equipped kitchens - Spacious and sunny terraces, ideal for enjoying the Algarve climate - Charming garden and communal terrace on the roof, with barbecue area - Three individual garages and a private water well *Investment Potential:* With individual meters on both floors, this property offers an excellent investment opportunity, allowing the creation of two independent apartments for rent or resale. *Prime Location:* Located in the stunning area of Vale Judeu, just 7 km from Vilamoura, this house offers quick access to Europe's largest private tourist resort. Vilamoura is famous for its internationally renowned marina, world-class golf courses, and a vibrant nightlife scene, including restaurants, bars, nightclubs, and even a casino. Additionally, enjoy the stunning white sand beaches that make this region a dream destination. *Unique Opportunity:* Whether for living or investing, this is a unique opportunity not to be missed. Contact me today for more information or to arrange a visit to this incredible property. Alexandra Pereira #ref: 115409
*Magnificent 5-Bedroom House with Investment Potential* This exquisite detached house, situated on a vast plot of 500m² and offering a total area of 396m², is an opportunity not to be missed. With 2 floors and two separate entrances, it offers a unique flexibility of use, easily convertible into two independent apartments. *Key Features:* - 5 spacious bedrooms, all en suite - Two generous living rooms, perfect for entertainment - Two well-equipped kitchens - Spacious and sunny terraces, ideal for enjoying the Algarve climate - Charming garden and communal terrace on the roof, with barbecue area - Three individual garages and a private water well *Investment Potential:* With individual meters on both floors, this property offers an excellent investment opportunity, allowing the creation of two independent apartments for rent or resale. *Prime Location:* Located in the stunning area of Vale Judeu, just 7 km from Vilamoura, this house offers quick access to Europe's largest private tourist resort. Vilamoura is famous for its internationally renowned marina, world-class golf courses, and a vibrant nightlife scene, including restaurants, bars, nightclubs, and even a casino. Additionally, enjoy the stunning white sand beaches that make this region a dream destination. *Unique Opportunity:* Whether for living or investing, this is a unique opportunity not to be missed. Contact me today for more information or to arrange a visit to this incredible property. Alexandra Pereira #ref: 115409
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Property on Map
Currency Exchange
Loulé, 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 €2,300,000 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 |
|---|---|---|---|
| €2,300,000 | £1,956,587 | £2,016,042 | £59,455 |
| Property Price € | €2,300,000 |
| Minimum cost in the last six months | £1,956,587 |
| Maximum cost in the last six months | £2,016,042 |
| Fluctuating exchange rates over the last six months could have increased the cost of this property by | £59,455 |
Loulé, 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 €2,300,000 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 |
|---|---|---|---|
| €2,300,000 | £1,956,587 | £2,016,042 | £59,455 |
| Property Price € | €2,300,000 |
| Minimum cost in the last six months | £1,956,587 |
| Maximum cost in the last six months | £2,016,042 |
| Fluctuating exchange rates over the last six months could have increased the cost of this property by | £59,455 |
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 £59,455 more.
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