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**Large Plot (7440 m2) for Sale with an existing house T2, 65 m2 and Approved Plans for a luxury T4 villa with a private pool** Unlock the potential of this exceptional plot with existing T2 dwelling (65 m2), now available for sale with approved planning for a luxury T4 villa with a private pool in
Lagoa (Algarve), Faro, Portugal
REF: 969882
€495,000
Description
**Large Plot (7440 m2) for Sale with an existing house T2, 65 m2 and Approved Plans for a luxury T4 villa with a private pool** Unlock the potential of this exceptional plot with existing T2 dwelling (65 m2), now available for sale with approved planning for a luxury T4 villa with a private pool in a fantastic location. Perfectly positioned just 5 min drive from award-winning beaches, 10 min drive to renowned Nobel Algarve British International School Lagoa and nearby several world class golf courses, this development opportunity is ideal for discerning buyers looking to create a luxurious lifestyle in a great location. This attractive villa is designed for modern living, featuring a thoughtful layout: - **Ground Floor:** This level boasts two bedrooms with a family bathroom. The open-plan kitchen, dining, and living areas create a seamless flow for entertaining. Enjoy direct access to covered terraces, ideal for al fresco dining, and a private swimming pool that serves as the centerpiece of outdoor leisure. - **First Floor:** The luxurious master bedroom features an en-suite bathroom and a walk-in closet, with access to a private terrace perfect for morning coffee or evening relaxation. This floor also includes another bedroom with large en-suite bathroom complete with its own private terrace for added convenience and comfort and access to large roof terrace with amazing views. Car port and parking for min 4 cars. T4, 7440 m2 plot, implantation area 250 m2 (option to extend to 300 m2 and add basement) #ref: 142312
**Large Plot (7440 m2) for Sale with an existing house T2, 65 m2 and Approved Plans for a luxury T4 villa with a private pool** Unlock the potential of this exceptional plot with existing T2 dwelling (65 m2), now available for sale with approved planning for a luxury T4 villa with a private pool in a fantastic location. Perfectly positioned just 5 min drive from award-winning beaches, 10 min drive to renowned Nobel Algarve British International School Lagoa and nearby several world class golf courses, this development opportunity is ideal for discerning buyers looking to create a luxurious lifestyle in a great location. This attractive villa is designed for modern living, featuring a thoughtful layout: - **Ground Floor:** This level boasts two bedrooms with a family bathroom. The open-plan kitchen, dining, and living areas create a seamless flow for entertaining. Enjoy direct access to covered terraces, ideal for al fresco dining, and a private swimming pool that serves as the centerpiece of outdoor leisure. - **First Floor:** The luxurious master bedroom features an en-suite bathroom and a walk-in closet, with access to a private terrace perfect for morning coffee or evening relaxation. This floor also includes another bedroom with large en-suite bathroom complete with its own private terrace for added convenience and comfort and access to large roof terrace with amazing views. Car port and parking for min 4 cars. T4, 7440 m2 plot, implantation area 250 m2 (option to extend to 300 m2 and add basement) #ref: 142312
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Currency Exchange
Lagoa (Algarve), 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 €495,000 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 |
|---|---|---|---|
| €495,000 | £408,553 | £429,705 | £21,151 |
| Property Price € | €495,000 |
| Minimum cost in the last six months | £408,553 |
| Maximum cost in the last six months | £429,705 |
| Fluctuating exchange rates over the last six months could have increased the cost of this property by | £21,151 |
Lagoa (Algarve), 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 €495,000 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 |
|---|---|---|---|
| €495,000 | £408,553 | £429,705 | £21,151 |
| Property Price € | €495,000 |
| Minimum cost in the last six months | £408,553 |
| Maximum cost in the last six months | £429,705 |
| Fluctuating exchange rates over the last six months could have increased the cost of this property by | £21,151 |
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 £21,151 more.
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