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House for renovation on 2
Odemira, Beja, Portugal
REF: 952865
€215,000
Description
House for renovation on 2.2ha plot in São Teotónio, Odemira Are you looking for a haven on the Alentejo coast? This property is ideal for those wishing to invest in a peaceful space in the middle of nature! Features: House: 140m2 gross area, State: ruin for restoration; Land: 22000m2 with a small area of forest with strawberry trees and a cleared area around the house for fruit trees and/or a vegetable garden; Viability: Possibility of building up to 50% of the existing area for tourism; Other information: Location: 12km from São Teotónio and 18 from Odeceixe in a quiet location with dirt track access; Infrastructures: electricity and borehole and well water; Discover the serenity of the Alentejo on this authentic hill, located in Relva Grande, São Teotónio, Odemira. This unique property offers an opportunity to live in harmony with nature, in an environment of peace and tranquillity, with the advantage of abundant water and potential for expansion. Expansion Potential: In accordance with Ordinance 419/2012 (REN), there is the possibility of expanding the construction area up to 250m² for own housing or up to 1,000m² for tourism projects, offering flexibility for various uses. Alentejo authenticity: The traditional architecture of the hill preserves the charm and history of the region. #ref: 138308
House for renovation on 2.2ha plot in São Teotónio, Odemira Are you looking for a haven on the Alentejo coast? This property is ideal for those wishing to invest in a peaceful space in the middle of nature! Features: House: 140m2 gross area, State: ruin for restoration; Land: 22000m2 with a small area of forest with strawberry trees and a cleared area around the house for fruit trees and/or a vegetable garden; Viability: Possibility of building up to 50% of the existing area for tourism; Other information: Location: 12km from São Teotónio and 18 from Odeceixe in a quiet location with dirt track access; Infrastructures: electricity and borehole and well water; Discover the serenity of the Alentejo on this authentic hill, located in Relva Grande, São Teotónio, Odemira. This unique property offers an opportunity to live in harmony with nature, in an environment of peace and tranquillity, with the advantage of abundant water and potential for expansion. Expansion Potential: In accordance with Ordinance 419/2012 (REN), there is the possibility of expanding the construction area up to 250m² for own housing or up to 1,000m² for tourism projects, offering flexibility for various uses. Alentejo authenticity: The traditional architecture of the hill preserves the charm and history of the region. #ref: 138308
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Currency Exchange
Odemira, Beja, 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 €215,000 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 |
|---|---|---|---|
| €215,000 | £177,139 | £186,639 | £9,501 |
| Property Price € | €215,000 |
| Minimum cost in the last six months | £177,139 |
| Maximum cost in the last six months | £186,639 |
| Fluctuating exchange rates over the last six months could have increased the cost of this property by | £9,501 |
Odemira, Beja, 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 €215,000 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 |
|---|---|---|---|
| €215,000 | £177,139 | £186,639 | £9,501 |
| Property Price € | €215,000 |
| Minimum cost in the last six months | £177,139 |
| Maximum cost in the last six months | £186,639 |
| Fluctuating exchange rates over the last six months could have increased the cost of this property by | £9,501 |
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 £9,501 more.
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