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Cosy two-bedroom flat on the second floor of a building without a lift, used but in good condition despite being built in 1973, situated in a quiet and safe residential area
Olhão, Faro, Portugal
REF: 825616
€195,000
Description
Cosy two-bedroom flat on the second floor of a building without a lift, used but in good condition despite being built in 1973, situated in a quiet and safe residential area. This property consists of two bedrooms, both with electric shutters, double glazing and air conditioning (in need of maintenance). Both bedrooms have access to a spacious balcony where you can enjoy leisure time on balmy summer afternoons and evenings. The living room also has double-glazed windows, electric shutters and air conditioning (in need of replacement). In the kitchen, also with double glazed frosted windows, we have an electric oven, an induction hob, spacious kitchen units with a modern design and a washing machine. All the equipment mentioned is included in the sale. In the utility room there is a 200-litre storage heater that ensures hot water is easily available in the bathroom and kitchen. The bathroom has a bathtub and the bidet has been removed to fit a cupboard for storing towels (not included). Nearby there is a primary school (Cavalinha), a Red Cross nursery, grocery shops, cafés, a kiosk, a fire station, a dentist, a tax office, a secondary school and bus stops that can take you anywhere in the city or the Algarve. There is also easy parking on the street where the flat is located or in the surrounding area. If you want a flat in a quiet area, close to schools, shops/services, easy access to the EN125 and at an affordable price, you have an excellent opportunity here Area: 74 m2 Condominium: 22/month IMI: 192/year IAD is a network of independent property consultants based on a fully innovative model that breaks with the traditional concept of a real estate agency. What are 21st century clients looking for when they decide to buy, rent or sell a property? They are looking for a complete, uncomplicated and competitive service. That's what we offer at IAD. Our consultants come to you, with access to the latest training in the sector and a platform of exclusive tools that allow them to provide you with the best service wherever you are. #ref: 115054
Cosy two-bedroom flat on the second floor of a building without a lift, used but in good condition despite being built in 1973, situated in a quiet and safe residential area. This property consists of two bedrooms, both with electric shutters, double glazing and air conditioning (in need of maintenance). Both bedrooms have access to a spacious balcony where you can enjoy leisure time on balmy summer afternoons and evenings. The living room also has double-glazed windows, electric shutters and air conditioning (in need of replacement). In the kitchen, also with double glazed frosted windows, we have an electric oven, an induction hob, spacious kitchen units with a modern design and a washing machine. All the equipment mentioned is included in the sale. In the utility room there is a 200-litre storage heater that ensures hot water is easily available in the bathroom and kitchen. The bathroom has a bathtub and the bidet has been removed to fit a cupboard for storing towels (not included). Nearby there is a primary school (Cavalinha), a Red Cross nursery, grocery shops, cafés, a kiosk, a fire station, a dentist, a tax office, a secondary school and bus stops that can take you anywhere in the city or the Algarve. There is also easy parking on the street where the flat is located or in the surrounding area. If you want a flat in a quiet area, close to schools, shops/services, easy access to the EN125 and at an affordable price, you have an excellent opportunity here Area: 74 m2 Condominium: 22/month IMI: 192/year IAD is a network of independent property consultants based on a fully innovative model that breaks with the traditional concept of a real estate agency. What are 21st century clients looking for when they decide to buy, rent or sell a property? They are looking for a complete, uncomplicated and competitive service. That's what we offer at IAD. Our consultants come to you, with access to the latest training in the sector and a platform of exclusive tools that allow them to provide you with the best service wherever you are. #ref: 115054
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Currency Exchange
Olhão, 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 €195,000 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 |
|---|---|---|---|
| €195,000 | £165,885 | £170,709 | £4,824 |
| Property Price € | €195,000 |
| Minimum cost in the last six months | £165,885 |
| Maximum cost in the last six months | £170,709 |
| Fluctuating exchange rates over the last six months could have increased the cost of this property by | £4,824 |
Olhão, 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 €195,000 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 |
|---|---|---|---|
| €195,000 | £165,885 | £170,709 | £4,824 |
| Property Price € | €195,000 |
| Minimum cost in the last six months | £165,885 |
| Maximum cost in the last six months | £170,709 |
| Fluctuating exchange rates over the last six months could have increased the cost of this property by | £4,824 |
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 £4,824 more.
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