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Don't miss this investment opportunity
Faro, Faro, Portugal
REF: 822012
€280,000
Description
Don't miss this investment opportunity. Come and discover this beautiful T1 with predisposition for home automation, recently partially renovated (electrical and sanitary installations all redone). Total area of this Apartment is 320m2. This excellent investment consists of an entrance to the 1st floor, which gives access to a large open-space living room with an equipped kitchen area, (with all appliances under warranty for 2 years with the possibility of extending the warranty up to 5 years ), a bedroom en suite and with a large bathroom, a laundry area, stairs that give access to the passable roof, stairs that give access to the terrace which has another bathroom where you can relax and have a good time. It has a terrace of 97m2 on the Roof Top and an outside parking lot. All rooms are equipped with LED lighting with remote control and predisposition for home automation. It already has air conditioning and pre-installation of solar panels. 6G ready. Energy class D. This apartment located 500 meters from the N2, 2.5 km from the FORUM shopping center, in the Faro Se and Sao Pedro area, IMPORTANT: Awaiting authorization to be transformed into a T4 suite, there is the possibility of changing the use of this apartment and transforming it for rural tourism in an agricultural area to T6 IN SUITE! #ref: 117239
Don't miss this investment opportunity. Come and discover this beautiful T1 with predisposition for home automation, recently partially renovated (electrical and sanitary installations all redone). Total area of this Apartment is 320m2. This excellent investment consists of an entrance to the 1st floor, which gives access to a large open-space living room with an equipped kitchen area, (with all appliances under warranty for 2 years with the possibility of extending the warranty up to 5 years ), a bedroom en suite and with a large bathroom, a laundry area, stairs that give access to the passable roof, stairs that give access to the terrace which has another bathroom where you can relax and have a good time. It has a terrace of 97m2 on the Roof Top and an outside parking lot. All rooms are equipped with LED lighting with remote control and predisposition for home automation. It already has air conditioning and pre-installation of solar panels. 6G ready. Energy class D. This apartment located 500 meters from the N2, 2.5 km from the FORUM shopping center, in the Faro Se and Sao Pedro area, IMPORTANT: Awaiting authorization to be transformed into a T4 suite, there is the possibility of changing the use of this apartment and transforming it for rural tourism in an agricultural area to T6 IN SUITE! #ref: 117239
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Currency Exchange
Faro, 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 €280,000 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 |
|---|---|---|---|
| €280,000 | £238,193 | £245,120 | £6,927 |
| Property Price € | €280,000 |
| Minimum cost in the last six months | £238,193 |
| Maximum cost in the last six months | £245,120 |
| Fluctuating exchange rates over the last six months could have increased the cost of this property by | £6,927 |
Faro, 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 €280,000 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 |
|---|---|---|---|
| €280,000 | £238,193 | £245,120 | £6,927 |
| Property Price € | €280,000 |
| Minimum cost in the last six months | £238,193 |
| Maximum cost in the last six months | £245,120 |
| Fluctuating exchange rates over the last six months could have increased the cost of this property by | £6,927 |
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 £6,927 more.
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