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Unique opportunity 180 meters from Carvoeiro beach, residential, commercial and rental potential
Lagoa, Faro, Portugal, 8400-512
REF: 967063
€1,000,000
Description
House to Renovate 180 meters from Carvoeiro Beach - Unique Opportunity at Rua dos Pescadores, 41 This is where I learnt to listen to the sea with my eyes closed... Discover this house to enlarge, located on Rua dos Pescadores, no. 41, just 180 meters from Carvoeiro Beach. This property is a blank canvas for those looking to invest or live in the heart of Carvoeiro town, in one of the most authentic and valued areas of the country. Property features - Total area:161 m ; - Backyard, perfect for creating a unique outdoor space; - Central location in beach surroundings, just a few steps from restaurants, shops, services, golf courses, tennis club; - Total versatility: Ideal for housing, local accommodation, commerce; - Village spirit: with all the charm and authenticity of Carvoeiro; Rehabilitation potential This villa can be completely rebuilt, adapting to different projects: - Modern building with two or more residential flats (PIP application in progress); - Concept shop on the ground floor (surf & lifestyle, local art, boutique, restaurant); - Restaurant with open kitchen and Mediterranean soul; - Rooftop with the possibility of a sea view, charm, authenticity - transform the backyard into a secret garden or an exclusive leisure space; Imagine warm summer evenings, live music, and all this just a few metres from one of the Algarve's most beautiful beaches. Property condition The house dates from before 1951 and has no living conditions, it is very dilapidated. This limitation represents an opportunity to create your own project, thus building your family history. Why invest in this property? - Premium location next to Carvoeiro Beach: one of the most sought-after in the Algarve; - High potential for valorisation: after rehabilitation; - Flexibility of use: housing, tourism, or commerce; - Rare opportunity: in an area with high demand and little supply of properties to renovate. Time passes, but certain places never lose their value. This house can be whatever you want it to be: a successful business, a summer home or the project you've always dreamed of realising. Ready to turn this place into something memorable? Maybe it's here. Maybe it's now. Maybe it's up to you. Note: Due to the state of conservation, there are no interior photographs. For more information, please contact us.
House to Renovate 180 meters from Carvoeiro Beach - Unique Opportunity at Rua dos Pescadores, 41 This is where I learnt to listen to the sea with my eyes closed... Discover this house to enlarge, located on Rua dos Pescadores, no. 41, just 180 meters from Carvoeiro Beach. This property is a blank canvas for those looking to invest or live in the heart of Carvoeiro town, in one of the most authentic and valued areas of the country. Property features - Total area:161 m ; - Backyard, perfect for creating a unique outdoor space; - Central location in beach surroundings, just a few steps from restaurants, shops, services, golf courses, tennis club; - Total versatility: Ideal for housing, local accommodation, commerce; - Village spirit: with all the charm and authenticity of Carvoeiro; Rehabilitation potential This villa can be completely rebuilt, adapting to different projects: - Modern building with two or more residential flats (PIP application in progress); - Concept shop on the ground floor (surf & lifestyle, local art, boutique, restaurant); - Restaurant with open kitchen and Mediterranean soul; - Rooftop with the possibility of a sea view, charm, authenticity - transform the backyard into a secret garden or an exclusive leisure space; Imagine warm summer evenings, live music, and all this just a few metres from one of the Algarve's most beautiful beaches. Property condition The house dates from before 1951 and has no living conditions, it is very dilapidated. This limitation represents an opportunity to create your own project, thus building your family history. Why invest in this property? - Premium location next to Carvoeiro Beach: one of the most sought-after in the Algarve; - High potential for valorisation: after rehabilitation; - Flexibility of use: housing, tourism, or commerce; - Rare opportunity: in an area with high demand and little supply of properties to renovate. Time passes, but certain places never lose their value. This house can be whatever you want it to be: a successful business, a summer home or the project you've always dreamed of realising. Ready to turn this place into something memorable? Maybe it's here. Maybe it's now. Maybe it's up to you. Note: Due to the state of conservation, there are no interior photographs. For more information, please contact us.
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Currency Exchange
Lagoa, Faro, Portugal, 8400-512
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 €1,000,000 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 |
|---|---|---|---|
| €1,000,000 | £823,900 | £868,090 | £44,190 |
| Property Price € | €1,000,000 |
| Minimum cost in the last six months | £823,900 |
| Maximum cost in the last six months | £868,090 |
| Fluctuating exchange rates over the last six months could have increased the cost of this property by | £44,190 |
Lagoa, Faro, Portugal, 8400-512
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 €1,000,000 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 |
|---|---|---|---|
| €1,000,000 | £823,900 | £868,090 | £44,190 |
| Property Price € | €1,000,000 |
| Minimum cost in the last six months | £823,900 |
| Maximum cost in the last six months | £868,090 |
| Fluctuating exchange rates over the last six months could have increased the cost of this property by | £44,190 |
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 £44,190 more.
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