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PORTUGAL, ALGARVE, OLHAO Come and discover this magnificent 260 m² building to renovate, with rooftop, with enormous potential, located in the historic centre of the typical town of Olhao
Olhão, Faro, Portugal
REF: 943510
€735,000
Description
PORTUGAL, ALGARVE, OLHAO Come and discover this magnificent 260 m² building to renovate, with rooftop, with enormous potential, located in the historic centre of the typical town of Olhao. This property offers an exceptional opportunity for those looking for a property with unique features, including its privileged location, the possibility of independent rentals, and exquisite original details such as typical entrance doors, high ceilings, some vaulted, oak parquet floors, cement floor tiles and Venetian stucco walls. The property comprises two dwellings and a commercial space, each with its own entrance. The first dwelling, on the ground floor, dates from before 1951, and the second (first floor) dates from the 1960s. The ground floor comprises a bedroom with a small room with a mezzanine giving access to a patio, a bathroom with bath, a spacious kitchen with a very large fireplace, giving access to the patio, and a lounge. The ground floor also includes commercial premises, which are currently rented out, but which could be converted into living accommodation in the future. The first floor is accessed via a magnificent marble staircase, giving access to a vast flat. This flat comprises an entrance hall with built-in cupboard, a living/dining room, three bedrooms, a bathroom with bath, a kitchen with pantry and access to a metal staircase leading to the vast rooftop (recently renovated) with magnificent views over Olhao. The windows are in excellent condition, ensuring comfort and light. This property is close to all amenities, restaurants and services, and is just a 5-minute walk from the municipal market, the marina and the embarkation dock for the paradise beaches of the islands of Armona, Culatra, Farol and Deserta. Olhao is 20 minutes from Faro International Airport. Don't miss the opportunity to transform this home into a real gem, combining the charm of the past with comfort. Contact me for more information and to arrange a viewing!!! IAD is a network of independent estate agents based on a totally innovative model that breaks with the traditional concept of property mediation. You are looking for a complete, simple and competitive service. That's what we offer at IAD. I'll help you with all the administrative aspects right up to the sale! We share our services with all agencies that have an AMI licence. #ref: 137353
PORTUGAL, ALGARVE, OLHAO Come and discover this magnificent 260 m² building to renovate, with rooftop, with enormous potential, located in the historic centre of the typical town of Olhao. This property offers an exceptional opportunity for those looking for a property with unique features, including its privileged location, the possibility of independent rentals, and exquisite original details such as typical entrance doors, high ceilings, some vaulted, oak parquet floors, cement floor tiles and Venetian stucco walls. The property comprises two dwellings and a commercial space, each with its own entrance. The first dwelling, on the ground floor, dates from before 1951, and the second (first floor) dates from the 1960s. The ground floor comprises a bedroom with a small room with a mezzanine giving access to a patio, a bathroom with bath, a spacious kitchen with a very large fireplace, giving access to the patio, and a lounge. The ground floor also includes commercial premises, which are currently rented out, but which could be converted into living accommodation in the future. The first floor is accessed via a magnificent marble staircase, giving access to a vast flat. This flat comprises an entrance hall with built-in cupboard, a living/dining room, three bedrooms, a bathroom with bath, a kitchen with pantry and access to a metal staircase leading to the vast rooftop (recently renovated) with magnificent views over Olhao. The windows are in excellent condition, ensuring comfort and light. This property is close to all amenities, restaurants and services, and is just a 5-minute walk from the municipal market, the marina and the embarkation dock for the paradise beaches of the islands of Armona, Culatra, Farol and Deserta. Olhao is 20 minutes from Faro International Airport. Don't miss the opportunity to transform this home into a real gem, combining the charm of the past with comfort. Contact me for more information and to arrange a viewing!!! IAD is a network of independent estate agents based on a totally innovative model that breaks with the traditional concept of property mediation. You are looking for a complete, simple and competitive service. That's what we offer at IAD. I'll help you with all the administrative aspects right up to the sale! We share our services with all agencies that have an AMI licence. #ref: 137353
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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 €735,000 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 |
|---|---|---|---|
| €735,000 | £605,567 | £638,046 | £32,480 |
| Property Price € | €735,000 |
| Minimum cost in the last six months | £605,567 |
| Maximum cost in the last six months | £638,046 |
| Fluctuating exchange rates over the last six months could have increased the cost of this property by | £32,480 |
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 €735,000 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 |
|---|---|---|---|
| €735,000 | £605,567 | £638,046 | £32,480 |
| Property Price € | €735,000 |
| Minimum cost in the last six months | £605,567 |
| Maximum cost in the last six months | £638,046 |
| Fluctuating exchange rates over the last six months could have increased the cost of this property by | £32,480 |
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 £32,480 more.
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