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T1 | Rocha Mar
Portimão, Faro, Portugal, 8500-520
REF: 967188
€255,000
Description
Oceanfront Apartment to Remodel! Unmissable Opportunity in the Algarve! T1 50 meters from Praia do Amado Ideal for Living or Investing
This spacious corner T1 to remodel, with sea views, ideal for renting or living, is located on the 2nd floor with east and south sun exposure. Located just 50 meters from the stunning Praia do Amado, between Praia da Rocha and Praia do Vau, the perfect compromise between profitability and quality of life by the sea.
Prime location
Situated in a quiet area of Praia da Rocha, with easy access to:
- Restaurants and bars with varied cuisine
- Banks and essential services
- Public transport and good road links
Property Features:
- Spacious balconies Ideal for relaxing at the end of the day
- Elevator in the building Easy access for everyone
Profitability Potential
This apartment is a great choice for:
- Local/tourist accommodation (high demand in the area)
- Own housing - permanent or seasonal
- Investors looking for properties to renovate
About the Region
Portimão is a vibrant city in the heart of the Algarve, famous for its:
- Paradisiacal beaches
- Nightlife and marina
- Outdoor activities: golf, water sports, boat trips
- Local commerce and large supermarkets
Experience the best of the Algarve or start monetizing right away.
Schedule your visit now and discover this apartment with a dream location!
Oceanfront Apartment to Remodel! Unmissable Opportunity in the Algarve! T1 50 meters from Praia do Amado Ideal for Living or Investing
This spacious corner T1 to remodel, with sea views, ideal for renting or living, is located on the 2nd floor with east and south sun exposure. Located just 50 meters from the stunning Praia do Amado, between Praia da Rocha and Praia do Vau, the perfect compromise between profitability and quality of life by the sea.
Prime location
Situated in a quiet area of Praia da Rocha, with easy access to:
- Restaurants and bars with varied cuisine
- Banks and essential services
- Public transport and good road links
Property Features:
- Spacious balconies Ideal for relaxing at the end of the day
- Elevator in the building Easy access for everyone
Profitability Potential
This apartment is a great choice for:
- Local/tourist accommodation (high demand in the area)
- Own housing - permanent or seasonal
- Investors looking for properties to renovate
About the Region
Portimão is a vibrant city in the heart of the Algarve, famous for its:
- Paradisiacal beaches
- Nightlife and marina
- Outdoor activities: golf, water sports, boat trips
- Local commerce and large supermarkets
Experience the best of the Algarve or start monetizing right away.
Schedule your visit now and discover this apartment with a dream location!
Read More
Property on Map
Currency Exchange
Portimão, Faro, Portugal, 8500-520
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 €255,000 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 |
|---|---|---|---|
| €255,000 | £210,467 | £221,363 | £10,896 |
| Property Price € | €255,000 |
| Minimum cost in the last six months | £210,467 |
| Maximum cost in the last six months | £221,363 |
| Fluctuating exchange rates over the last six months could have increased the cost of this property by | £10,896 |
Portimão, Faro, Portugal, 8500-520
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 €255,000 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 |
|---|---|---|---|
| €255,000 | £210,467 | £221,363 | £10,896 |
| Property Price € | €255,000 |
| Minimum cost in the last six months | £210,467 |
| Maximum cost in the last six months | £221,363 |
| Fluctuating exchange rates over the last six months could have increased the cost of this property by | £10,896 |
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 £10,896 more.
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