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This spacious two-bedroom flat is located in one of the most sought-after and peaceful areas of Praia de Altura, ideal for those looking to invest safely or enjoy the Algarve coastline in comfort
Altura, Faro, Portugal
REF: 970133
€399,500
Description
This spacious two-bedroom flat is located in one of the most sought-after and peaceful areas of Praia de Altura, ideal for those looking to invest safely or enjoy the Algarve coastline in comfort. Sold turnkey, fully furnished and with an equipped kitchen. Ready to move into or rent out immediately. Main features: - Active local accommodation licence with a proven track record of profitability. Possibility of taking over summer bookings or cancelling them, depending on the buyer's preference. - Two south-facing bedrooms with direct access to a generous balcony. - Open-plan lounge and kitchen, with access to a second west-facing balcony. - Two full bathrooms, one with a bath and the other with a shower tray. - Private garage box with independent entrance from the street (around 35sqm), with mezzanine for additional storage. - Air conditioning in the lounge and two bedrooms. - 150-litre water heater. - Gross private area: 101.5sqm + 12sqm dependent area Privileged location and services nearby: - Supermarkets: Intermarché, ALDI and Pingo Doce within walking distance. - Typical and international cafés and restaurants within walking distance. - Pharmacy 3 minutes away. - Altura Health Centre and Vila Real de Santo António Hospital 10 minutes away. - Faro Airport: 45 minutes by car. - Nearby beaches: Altura (on foot), Praia Verde, Manta Rota, Praia da Lota and Monte Gordo - all less than 10 minutes away. An investment with a guaranteed return, in one of the most popular destinations for Portuguese and foreign tourists. An excellent choice for those who want to make a profit straight away with security, quality and location.
This spacious two-bedroom flat is located in one of the most sought-after and peaceful areas of Praia de Altura, ideal for those looking to invest safely or enjoy the Algarve coastline in comfort. Sold turnkey, fully furnished and with an equipped kitchen. Ready to move into or rent out immediately. Main features: - Active local accommodation licence with a proven track record of profitability. Possibility of taking over summer bookings or cancelling them, depending on the buyer's preference. - Two south-facing bedrooms with direct access to a generous balcony. - Open-plan lounge and kitchen, with access to a second west-facing balcony. - Two full bathrooms, one with a bath and the other with a shower tray. - Private garage box with independent entrance from the street (around 35sqm), with mezzanine for additional storage. - Air conditioning in the lounge and two bedrooms. - 150-litre water heater. - Gross private area: 101.5sqm + 12sqm dependent area Privileged location and services nearby: - Supermarkets: Intermarché, ALDI and Pingo Doce within walking distance. - Typical and international cafés and restaurants within walking distance. - Pharmacy 3 minutes away. - Altura Health Centre and Vila Real de Santo António Hospital 10 minutes away. - Faro Airport: 45 minutes by car. - Nearby beaches: Altura (on foot), Praia Verde, Manta Rota, Praia da Lota and Monte Gordo - all less than 10 minutes away. An investment with a guaranteed return, in one of the most popular destinations for Portuguese and foreign tourists. An excellent choice for those who want to make a profit straight away with security, quality and location.
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Currency Exchange
Altura, 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 €399,500 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 |
|---|---|---|---|
| €399,500 | £329,731 | £346,802 | £17,071 |
| Property Price € | €399,500 |
| Minimum cost in the last six months | £329,731 |
| Maximum cost in the last six months | £346,802 |
| Fluctuating exchange rates over the last six months could have increased the cost of this property by | £17,071 |
Altura, 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 €399,500 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 |
|---|---|---|---|
| €399,500 | £329,731 | £346,802 | £17,071 |
| Property Price € | €399,500 |
| Minimum cost in the last six months | £329,731 |
| Maximum cost in the last six months | £346,802 |
| Fluctuating exchange rates over the last six months could have increased the cost of this property by | £17,071 |
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 £17,071 more.
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