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Discover the charm of a charming late 19th century GuestHouse, situated in the heart of Faro's historic center, just a 5-minute walk from Faro's picturesque docks and within walking distance of all the amenities the Algarve has to offer
Faro, Portugal
REF: 956277
€3,000,000
Description
Discover the charm of a charming late 19th century GuestHouse, situated in the heart of Faro's historic center, just a 5-minute walk from Faro's picturesque docks and within walking distance of all the amenities the Algarve has to offer. Fully renovated in 2019, this GuestHouse preserves its original character while combining classic style with modern comfort. The main property includes 7 sophisticated suites, a large , modern kitchen , a cozy dining room ideal for breakfasts and a lush, easy-care garden with a heated swimming pool and a terrace perfect for relaxing moments. Outside, an independent annex offers 3 more suites, a garage, laundry room and ample storage spaces, providing total comfort and functionality. Designed for greater efficiency and sustainability, the house has solar panels for water heating and photovoltaic panels for energy production, ensuring low operating costs. Each suite is equipped with reversible air conditioning , ensuring a comfortable environment all year round, while the living room has a cozy wood-burning stove to create an even more welcoming atmosphere. With an impeccable state of repair, this GuestHouse is ready to continue its history of hospitality and charm, offering its guests a unique and authentic experience. Privilegedly located just a few minutes from Faro beach, the Ria Formosa Natural Park and Faro International Airport, this is the perfect opportunity for those looking for a cozy and well-situated retreat. CHARACTERISTICS:Plot Area: 574 m2 | 6 178 sq ftArea: 630 m2 | 6 781 sq ftUseful area: 540 m2 | 5 813 sq ftDeployment Area: 240 m2 | 2 583 sq ftBedrooms: 10Bathrooms: 10Garage: 1Energy efficiency: A+FEATURES:GuestHouse 10 rooms Renovated Swimming pool Garden Close to Faro docks Close to the Ria Formosa Natural Park Internationally awarded, LUXIMOS Christie's presents more than 1,200 properties for sale in Portugal, offering an excellent service in real estate brokerage. LUXIMOS Christie's is the exclusive affiliate of Christie s International Real Estate (1350 offices in 46 countries) for the Algarve, Porto and North of Portugal, and provides its services to homeowners who are selling their properties, and to national and international buyers, who wish to buy real estate in Portugal. Our selection includes modern and contemporary properties, near the sea or by theriver, in Foz do Douro, in Porto, Boavista, Matosinhos, Vilamoura, Tavira, Ria Formosa, Lagos, Almancil, Vale do Lobo, Quinta do Lago, near the golf courses or the marina. LIc AMI 9063
Discover the charm of a charming late 19th century GuestHouse, situated in the heart of Faro's historic center, just a 5-minute walk from Faro's picturesque docks and within walking distance of all the amenities the Algarve has to offer. Fully renovated in 2019, this GuestHouse preserves its original character while combining classic style with modern comfort. The main property includes 7 sophisticated suites, a large , modern kitchen , a cozy dining room ideal for breakfasts and a lush, easy-care garden with a heated swimming pool and a terrace perfect for relaxing moments. Outside, an independent annex offers 3 more suites, a garage, laundry room and ample storage spaces, providing total comfort and functionality. Designed for greater efficiency and sustainability, the house has solar panels for water heating and photovoltaic panels for energy production, ensuring low operating costs. Each suite is equipped with reversible air conditioning , ensuring a comfortable environment all year round, while the living room has a cozy wood-burning stove to create an even more welcoming atmosphere. With an impeccable state of repair, this GuestHouse is ready to continue its history of hospitality and charm, offering its guests a unique and authentic experience. Privilegedly located just a few minutes from Faro beach, the Ria Formosa Natural Park and Faro International Airport, this is the perfect opportunity for those looking for a cozy and well-situated retreat. CHARACTERISTICS:Plot Area: 574 m2 | 6 178 sq ftArea: 630 m2 | 6 781 sq ftUseful area: 540 m2 | 5 813 sq ftDeployment Area: 240 m2 | 2 583 sq ftBedrooms: 10Bathrooms: 10Garage: 1Energy efficiency: A+FEATURES:GuestHouse 10 rooms Renovated Swimming pool Garden Close to Faro docks Close to the Ria Formosa Natural Park Internationally awarded, LUXIMOS Christie's presents more than 1,200 properties for sale in Portugal, offering an excellent service in real estate brokerage. LUXIMOS Christie's is the exclusive affiliate of Christie s International Real Estate (1350 offices in 46 countries) for the Algarve, Porto and North of Portugal, and provides its services to homeowners who are selling their properties, and to national and international buyers, who wish to buy real estate in Portugal. Our selection includes modern and contemporary properties, near the sea or by theriver, in Foz do Douro, in Porto, Boavista, Matosinhos, Vilamoura, Tavira, Ria Formosa, Lagos, Almancil, Vale do Lobo, Quinta do Lago, near the golf courses or the marina. LIc AMI 9063
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Currency Exchange
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 €3,000,000 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 |
|---|---|---|---|
| €3,000,000 | £2,471,700 | £2,604,270 | £132,570 |
| Property Price € | €3,000,000 |
| Minimum cost in the last six months | £2,471,700 |
| Maximum cost in the last six months | £2,604,270 |
| Fluctuating exchange rates over the last six months could have increased the cost of this property by | £132,570 |
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 €3,000,000 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 |
|---|---|---|---|
| €3,000,000 | £2,471,700 | £2,604,270 | £132,570 |
| Property Price € | €3,000,000 |
| Minimum cost in the last six months | £2,471,700 |
| Maximum cost in the last six months | £2,604,270 |
| Fluctuating exchange rates over the last six months could have increased the cost of this property by | £132,570 |
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 £132,570 more.
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