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Unique Investment Opportunity – Old House for Renovation or Redevelopment 2km from the Village of Lourinhã We present this excellent investment opportunity: an old house with great potential, located just 2km from the village of Lourinhã and Praia da Areia Branca, in a privileged location
Lourinhã, Lisboa, Portugal
REF: 958887
€330,000
Description
Unique Investment Opportunity – Old House for Renovation or Redevelopment 2km from the Village of Lourinhã We present this excellent investment opportunity: an old house with great potential, located just 2km from the village of Lourinhã and Praia da Areia Branca, in a privileged location. With a generous plot and excellent sun exposure, this property offers the possibility of total renovation or reconstruction. An architectural study has already been carried out for the construction of up to 12 apartments, making it ideal for investors or real estate developers. The property consists of two separate articles, with a total land area of 695m² and a gross construction area of 579m². The area is peaceful, yet with easy access to all the amenities of the village and the stunning beaches of the region. Its proximity to the center of Lourinhã, combined with the strong appreciation potential, makes this a strategic choice for medium- to long-term investment. Key Features: • Old house requiring complete renovation • Privileged location, 2km from the village of Lourinhã • Feasibility for construction of 12 residential units • Excellent sun exposure and good access • Ideal for investment or housing development project Don’t miss this opportunity to turn a property with history into a modern and profitable project. For more information or to schedule a visit, contact us! #ref: 137296
Unique Investment Opportunity – Old House for Renovation or Redevelopment 2km from the Village of Lourinhã We present this excellent investment opportunity: an old house with great potential, located just 2km from the village of Lourinhã and Praia da Areia Branca, in a privileged location. With a generous plot and excellent sun exposure, this property offers the possibility of total renovation or reconstruction. An architectural study has already been carried out for the construction of up to 12 apartments, making it ideal for investors or real estate developers. The property consists of two separate articles, with a total land area of 695m² and a gross construction area of 579m². The area is peaceful, yet with easy access to all the amenities of the village and the stunning beaches of the region. Its proximity to the center of Lourinhã, combined with the strong appreciation potential, makes this a strategic choice for medium- to long-term investment. Key Features: • Old house requiring complete renovation • Privileged location, 2km from the village of Lourinhã • Feasibility for construction of 12 residential units • Excellent sun exposure and good access • Ideal for investment or housing development project Don’t miss this opportunity to turn a property with history into a modern and profitable project. For more information or to schedule a visit, contact us! #ref: 137296
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Currency Exchange
Lourinhã, Lisboa, 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 €330,000 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 |
|---|---|---|---|
| €330,000 | £271,887 | £286,470 | £14,583 |
| Property Price € | €330,000 |
| Minimum cost in the last six months | £271,887 |
| Maximum cost in the last six months | £286,470 |
| Fluctuating exchange rates over the last six months could have increased the cost of this property by | £14,583 |
Lourinhã, Lisboa, 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 €330,000 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 |
|---|---|---|---|
| €330,000 | £271,887 | £286,470 | £14,583 |
| Property Price € | €330,000 |
| Minimum cost in the last six months | £271,887 |
| Maximum cost in the last six months | £286,470 |
| Fluctuating exchange rates over the last six months could have increased the cost of this property by | £14,583 |
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 £14,583 more.
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