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Two charming traditional houses with sea views and huge potential on the magical island of Pico! Imagine waking up to the gentle sound of the ocean and a breathtaking view right outside your window
Madalena, Ilha do Pico, Portugal
REF: 966667
€175,000
Description
Two charming traditional houses with sea views and huge potential on the magical island of Pico! Imagine waking up to the gentle sound of the ocean and a breathtaking view right outside your window. That’s exactly what these two lovely traditional homes offer — located in the peaceful and authentic area of Terra do Pão, in the parish of São Caetano, right in the heart of Pico Island. Each house features two storeys and showcases some of the finest examples of Pico’s traditional basalt stone architecture. They are waiting to be lovingly restored — perfect for a permanent residence, a holiday retreat, or a unique tourism project with character and soul. The sea view is simply stunning. Just a short stroll away, you’ll find natural swimming areas ideal for a refreshing dip, scenic walking trails that showcase the island’s beauty, and a calm, welcoming environment that invites rest and relaxation. The location is ideal: just 20 minutes from the village of Madalena, 15 minutes from Lajes do Pico, and 30 minutes from Pico Airport. You're close to everything you need — but with the peace and serenity that only the Azores can offer. These properties are a rare opportunity to invest in a place full of identity and tradition, where life moves at a slower pace — more peaceful, more connected to nature, more fulfilling. Come and discover these houses — and fall in love with a truly special corner of the Azores! #ref: 140885
Two charming traditional houses with sea views and huge potential on the magical island of Pico! Imagine waking up to the gentle sound of the ocean and a breathtaking view right outside your window. That’s exactly what these two lovely traditional homes offer — located in the peaceful and authentic area of Terra do Pão, in the parish of São Caetano, right in the heart of Pico Island. Each house features two storeys and showcases some of the finest examples of Pico’s traditional basalt stone architecture. They are waiting to be lovingly restored — perfect for a permanent residence, a holiday retreat, or a unique tourism project with character and soul. The sea view is simply stunning. Just a short stroll away, you’ll find natural swimming areas ideal for a refreshing dip, scenic walking trails that showcase the island’s beauty, and a calm, welcoming environment that invites rest and relaxation. The location is ideal: just 20 minutes from the village of Madalena, 15 minutes from Lajes do Pico, and 30 minutes from Pico Airport. You're close to everything you need — but with the peace and serenity that only the Azores can offer. These properties are a rare opportunity to invest in a place full of identity and tradition, where life moves at a slower pace — more peaceful, more connected to nature, more fulfilling. Come and discover these houses — and fall in love with a truly special corner of the Azores! #ref: 140885
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Currency Exchange
Madalena, Ilha do Pico, 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 €175,000 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 |
|---|---|---|---|
| €175,000 | £144,454 | £151,916 | £7,462 |
| Property Price € | €175,000 |
| Minimum cost in the last six months | £144,454 |
| Maximum cost in the last six months | £151,916 |
| Fluctuating exchange rates over the last six months could have increased the cost of this property by | £7,462 |
Madalena, Ilha do Pico, 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 €175,000 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 |
|---|---|---|---|
| €175,000 | £144,454 | £151,916 | £7,462 |
| Property Price € | €175,000 |
| Minimum cost in the last six months | £144,454 |
| Maximum cost in the last six months | £151,916 |
| Fluctuating exchange rates over the last six months could have increased the cost of this property by | £7,462 |
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 £7,462 more.
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