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House with 525 square metres of gross construction area, patio and yard
Penela, Coimbra, Portugal
REF: 820819
€60,000
Description
House with 525 square metres of gross construction area, patio and yard. Property located in a pretty village in the municipality of Penela, comprising a ground floor with pretty stone shops that could be transformed into beautiful living spaces. The first floor has a large terrace and balcony that runs along the entire front of the house. It needs some work, but has a roof in very good condition, with the possibility of one part being used for living and the other for renting out or accommodating friends. The first floor consists of 2 unequipped kitchens, 2 bathrooms, 2 living rooms and a pantry. There is also a part of the house (at the south end) in ruins, but an integral part of the property. The whole house faces a large interior courtyard with a covered part, and a large gate for access from the outside. The yard is flat and has fruit trees. Property with lots of potential. Land area: 562 square metres Relevant distances: - City of Coimbra 20 km away - Town of Penela 3 km away - Motorway 4 km away - Lisbon 200 km away - Porto 190 km away - Beaches 68 km away #ref: 118004
House with 525 square metres of gross construction area, patio and yard. Property located in a pretty village in the municipality of Penela, comprising a ground floor with pretty stone shops that could be transformed into beautiful living spaces. The first floor has a large terrace and balcony that runs along the entire front of the house. It needs some work, but has a roof in very good condition, with the possibility of one part being used for living and the other for renting out or accommodating friends. The first floor consists of 2 unequipped kitchens, 2 bathrooms, 2 living rooms and a pantry. There is also a part of the house (at the south end) in ruins, but an integral part of the property. The whole house faces a large interior courtyard with a covered part, and a large gate for access from the outside. The yard is flat and has fruit trees. Property with lots of potential. Land area: 562 square metres Relevant distances: - City of Coimbra 20 km away - Town of Penela 3 km away - Motorway 4 km away - Lisbon 200 km away - Porto 190 km away - Beaches 68 km away #ref: 118004
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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 €60,000 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 |
|---|---|---|---|
| €60,000 | £51,041 | £52,589 | £1,548 |
| Property Price € | €60,000 |
| Minimum cost in the last six months | £51,041 |
| Maximum cost in the last six months | £52,589 |
| Fluctuating exchange rates over the last six months could have increased the cost of this property by | £1,548 |
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 €60,000 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 |
|---|---|---|---|
| €60,000 | £51,041 | £52,589 | £1,548 |
| Property Price € | €60,000 |
| Minimum cost in the last six months | £51,041 |
| Maximum cost in the last six months | £52,589 |
| Fluctuating exchange rates over the last six months could have increased the cost of this property by | £1,548 |
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 £1,548 more.
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