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Investment Opportunity in Historic Elvas: Versatile Property with Exceptional ROI Potential Property Overview: Located in the picturesque UNESCO heritage site of Elvas, near Portalegre in the scenic Alentejo region of Portugal, this property presents a unique investment opportunity
Elvas, Portalegre, Portugal
REF: 842233
€270,000
Description
Investment Opportunity in Historic Elvas: Versatile Property with Exceptional ROI Potential Property Overview: Located in the picturesque UNESCO heritage site of Elvas, near Portalegre in the scenic Alentejo region of Portugal, this property presents a unique investment opportunity. With a fixed price of €270,000, the property boasts a total gross floor space of 369 square meters spread across three floors. It features 12 rooms, each equipped with its own bathroom, making it ideal for various hospitality ventures such as a boutique hotel, B&B, student rental, or guesthouse. Additionally, the property includes a 1,000-liter solar system for sustainable energy use and an inviting interior courtyard for guests to relax and unwind. Recent Renovations & Amenities: Recently renovated to a high standard, the property offers modern amenities and comfort. Upgrades include new plumbing and a certified electrical installation, ensuring safety and efficiency. The current owner has successfully rented out the 12 rooms to students from the nearby agricultural university for at least 10 months a year, generating a steady income stream. ROI Calculation: Considering the potential return on investment (ROI) for a prospective buyer, let's analyze the numbers: With each room rented out at €300 per month, the annual rental income is: Annual Income = 12 rooms * €300/room/month * 10 months = €36,000 Given the fixed price of €270,000, the ROI is calculated as follows: ROI = (€36,000 / €270,000) * 100 ≈ 13.33% This impressive 13.33% ROI highlights the lucrative potential of this property in Elvas. Furthermore, as the property is exempt from IMI tax, investors can maximize their returns with significant financial benefits. Investment Potential: Whether you're looking for a profitable hospitality venture or a stable long-term investment, this property offers remarkable versatility. Its prime location in a UNESCO heritage site, combined with modern renovations and a reliable rental income, makes it an attractive opportunity for savvy investors. Act Now: Don't miss out on this exceptional investment opportunity in historic Elvas. Contact us today to schedule a viewing and explore the full potential of this versatile property! #ref: 121004
Investment Opportunity in Historic Elvas: Versatile Property with Exceptional ROI Potential Property Overview: Located in the picturesque UNESCO heritage site of Elvas, near Portalegre in the scenic Alentejo region of Portugal, this property presents a unique investment opportunity. With a fixed price of €270,000, the property boasts a total gross floor space of 369 square meters spread across three floors. It features 12 rooms, each equipped with its own bathroom, making it ideal for various hospitality ventures such as a boutique hotel, B&B, student rental, or guesthouse. Additionally, the property includes a 1,000-liter solar system for sustainable energy use and an inviting interior courtyard for guests to relax and unwind. Recent Renovations & Amenities: Recently renovated to a high standard, the property offers modern amenities and comfort. Upgrades include new plumbing and a certified electrical installation, ensuring safety and efficiency. The current owner has successfully rented out the 12 rooms to students from the nearby agricultural university for at least 10 months a year, generating a steady income stream. ROI Calculation: Considering the potential return on investment (ROI) for a prospective buyer, let's analyze the numbers: With each room rented out at €300 per month, the annual rental income is: Annual Income = 12 rooms * €300/room/month * 10 months = €36,000 Given the fixed price of €270,000, the ROI is calculated as follows: ROI = (€36,000 / €270,000) * 100 ≈ 13.33% This impressive 13.33% ROI highlights the lucrative potential of this property in Elvas. Furthermore, as the property is exempt from IMI tax, investors can maximize their returns with significant financial benefits. Investment Potential: Whether you're looking for a profitable hospitality venture or a stable long-term investment, this property offers remarkable versatility. Its prime location in a UNESCO heritage site, combined with modern renovations and a reliable rental income, makes it an attractive opportunity for savvy investors. Act Now: Don't miss out on this exceptional investment opportunity in historic Elvas. Contact us today to schedule a viewing and explore the full potential of this versatile property! #ref: 121004
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Currency Exchange
Elvas, Portalegre, 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 €270,000 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 |
|---|---|---|---|
| €270,000 | £222,453 | £234,384 | £11,931 |
| Property Price € | €270,000 |
| Minimum cost in the last six months | £222,453 |
| Maximum cost in the last six months | £234,384 |
| Fluctuating exchange rates over the last six months could have increased the cost of this property by | £11,931 |
Elvas, Portalegre, 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 €270,000 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 |
|---|---|---|---|
| €270,000 | £222,453 | £234,384 | £11,931 |
| Property Price € | €270,000 |
| Minimum cost in the last six months | £222,453 |
| Maximum cost in the last six months | £234,384 |
| Fluctuating exchange rates over the last six months could have increased the cost of this property by | £11,931 |
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 £11,931 more.
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