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Just ten steps away from Faro's Municipal Market, arises a unique real estate investment opportunity
Faro, Faro, Portugal
REF: 825611
€165,000
Description
Just ten steps away from Faro's Municipal Market, arises a unique real estate investment opportunity. This 72 m² one-bedroom plus one apartment is more than just a property - it's a gateway to unlimited potential. With a strategic location and generous space, this apartment features a flexible layout, allowing for conversion into two bedrooms to suit your specific needs. Additionally, two balconies provide the perfect balance between outdoor space and interior comfort: one open to enjoy the Algarve sun and another enclosed as a conservatory, offering versatility in all seasons. Though currently in need of renovation, this is an invitation to create a space truly your own, reflecting your style and vision. Imagine the design possibilities and potential appreciation after the renovations are completed. Situated on the third floor, without an elevator, this apartment rewards its occupants with stunning views and a tranquil atmosphere. And for those looking to maximize their returns, there's an additional opportunity next door: an identical apartment, offering a double promise of investment. Acquiring both apartments not only expands your real estate portfolio but also your ability to generate income and appreciation. This is an opportunity that cannot be overlooked. Whether for experienced investors or those seeking a new residence, this dual offer promises unmatched returns and potential. Don't let this chance to enter Faro's real estate market slip away. Contact us today to schedule a visit and begin turning this promise into a reality. #ref: 118372
Just ten steps away from Faro's Municipal Market, arises a unique real estate investment opportunity. This 72 m² one-bedroom plus one apartment is more than just a property - it's a gateway to unlimited potential. With a strategic location and generous space, this apartment features a flexible layout, allowing for conversion into two bedrooms to suit your specific needs. Additionally, two balconies provide the perfect balance between outdoor space and interior comfort: one open to enjoy the Algarve sun and another enclosed as a conservatory, offering versatility in all seasons. Though currently in need of renovation, this is an invitation to create a space truly your own, reflecting your style and vision. Imagine the design possibilities and potential appreciation after the renovations are completed. Situated on the third floor, without an elevator, this apartment rewards its occupants with stunning views and a tranquil atmosphere. And for those looking to maximize their returns, there's an additional opportunity next door: an identical apartment, offering a double promise of investment. Acquiring both apartments not only expands your real estate portfolio but also your ability to generate income and appreciation. This is an opportunity that cannot be overlooked. Whether for experienced investors or those seeking a new residence, this dual offer promises unmatched returns and potential. Don't let this chance to enter Faro's real estate market slip away. Contact us today to schedule a visit and begin turning this promise into a reality. #ref: 118372
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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 €165,000 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 |
|---|---|---|---|
| €165,000 | £140,364 | £144,446 | £4,082 |
| Property Price € | €165,000 |
| Minimum cost in the last six months | £140,364 |
| Maximum cost in the last six months | £144,446 |
| Fluctuating exchange rates over the last six months could have increased the cost of this property by | £4,082 |
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 €165,000 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 |
|---|---|---|---|
| €165,000 | £140,364 | £144,446 | £4,082 |
| Property Price € | €165,000 |
| Minimum cost in the last six months | £140,364 |
| Maximum cost in the last six months | £144,446 |
| Fluctuating exchange rates over the last six months could have increased the cost of this property by | £4,082 |
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 £4,082 more.
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