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House 3 bedrooms, 4 bathrooms, basement with garage and games room - Faro
Faro, Faro, Portugal, 8005-310
REF: 945001
€725,000
Description
Detached house, with 3 bedrooms, 4 bathrooms, basement with garage and games room, built by the owners for their own housing, using quality materials and equipment and built with attention and detail at all levels of finishes. Located in Montenegro, Faro, in a highly desired and sought-after residential neighborhood, characterized by its tranquility, security, and good access. When we arrived at the house, we opened the electric gates to go down the access ramp to the basement where we easily parked the vehicle in the garage, which already has a charger for electric vehicles. Still in the basement we find a multipurpose room, with an office area, a cinema area, a games area, a laundry room and a machine room. We went up one floor to the ground floor to have access to a guest toilet, a fully equipped kitchen with Miele appliances, a generously sized living and dining room with a fireplace and lots of natural light, and an en-suite bedroom with a closet area. We go up another floor to the first floor where we will find two en-suite bedrooms, both of very generous dimensions, and a large terrace with views of the entire urbanization. Outside, we have a tropical-looking, low-maintenance garden surrounding the house, an outdoor dining and barbecue area, and even a garage ramp that allows for an area for a basketball hoop. The house is equipped with double glazing, electric shutters, air conditioning and Daikin heat pump, LED lighting, surround sound, video intercom with display on the various floors and Wi-Fi connection, electric gates, among many other equipment that keep it up to date. 5 minutes from Faro Airport, 7 minutes from Faro beach, 8 minutes from the center of Faro, 12 minutes from access to the A22, 18 minutes from the golf courses of Quinta do Lago and Vale do Lobo, this is a perfect property in terms of location, layout, equipment and comfort, whether for a family experience, a second home/holiday home, or also for investment in luxury local accommodation. Please don't hesitate to contact me for more information.
Detached house, with 3 bedrooms, 4 bathrooms, basement with garage and games room, built by the owners for their own housing, using quality materials and equipment and built with attention and detail at all levels of finishes. Located in Montenegro, Faro, in a highly desired and sought-after residential neighborhood, characterized by its tranquility, security, and good access. When we arrived at the house, we opened the electric gates to go down the access ramp to the basement where we easily parked the vehicle in the garage, which already has a charger for electric vehicles. Still in the basement we find a multipurpose room, with an office area, a cinema area, a games area, a laundry room and a machine room. We went up one floor to the ground floor to have access to a guest toilet, a fully equipped kitchen with Miele appliances, a generously sized living and dining room with a fireplace and lots of natural light, and an en-suite bedroom with a closet area. We go up another floor to the first floor where we will find two en-suite bedrooms, both of very generous dimensions, and a large terrace with views of the entire urbanization. Outside, we have a tropical-looking, low-maintenance garden surrounding the house, an outdoor dining and barbecue area, and even a garage ramp that allows for an area for a basketball hoop. The house is equipped with double glazing, electric shutters, air conditioning and Daikin heat pump, LED lighting, surround sound, video intercom with display on the various floors and Wi-Fi connection, electric gates, among many other equipment that keep it up to date. 5 minutes from Faro Airport, 7 minutes from Faro beach, 8 minutes from the center of Faro, 12 minutes from access to the A22, 18 minutes from the golf courses of Quinta do Lago and Vale do Lobo, this is a perfect property in terms of location, layout, equipment and comfort, whether for a family experience, a second home/holiday home, or also for investment in luxury local accommodation. Please don't hesitate to contact me for more information.
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Currency Exchange
Faro, Faro, Portugal, 8005-310
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 €725,000 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 |
|---|---|---|---|
| €725,000 | £597,328 | £629,365 | £32,038 |
| Property Price € | €725,000 |
| Minimum cost in the last six months | £597,328 |
| Maximum cost in the last six months | £629,365 |
| Fluctuating exchange rates over the last six months could have increased the cost of this property by | £32,038 |
Faro, Faro, Portugal, 8005-310
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 €725,000 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 |
|---|---|---|---|
| €725,000 | £597,328 | £629,365 | £32,038 |
| Property Price € | €725,000 |
| Minimum cost in the last six months | £597,328 |
| Maximum cost in the last six months | £629,365 |
| Fluctuating exchange rates over the last six months could have increased the cost of this property by | £32,038 |
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 £32,038 more.
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