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A farm consisting of two houses, a commercial space and land measuring 10,120m2
Machico, Ilha da Madeira, Portugal
REF: 970176
€980,000
Description
A farm consisting of two houses, a commercial space and land measuring 10,120m2. It is located on the island of Madeira, in the picturesque and ecologically clean area of Santo António da Serra. The first 3+2 bedroom villa (5 bedrooms) comprises a spacious living room, an office, a fully equipped and furnished kitchen, 5 bedrooms, two bathrooms and a closed garage for 2 cars with storage space. This villa has a large glazed terrace with a grill and a wood-burning stove, offering a beautiful view of the mountains and the forest, a place to spend vacations and gatherings with family and friends. The second villa type T2+1 (3 bedrooms) consists of a living room with an open-plan fitted kitchen, 2 bedrooms on the first floor, a bathroom with shower. On the second floor of the house there is a large children's playroom with sleeping areas. The villa has a spacious garage for two cars. Both villas have solar panels for heating water, allowing you to save energy and always have hot water. There is a workshop and an extra garage, as well as large storage areas for farm implements. Drinking water is supplied centrally to the houses and water from the levadas is also used. The water from the levadas is stored in a 100,000 liter tank and is used to water the garden and vegetable beds, as well as for the animals. The vegetable garden, located on the lower floor of the property, has an automatic irrigation system. The garden has a variety of fruit trees, such as peaches, lemons, oranges, apples and avocados. The whole plot is fenced and has four accesses, three of which are for trucks. This farm is a unique opportunity to acquire a property that can be used for tourism, peasant vacations and other agricultural activities. Contact me for more information and to arrange a visit. #ref: 141923
A farm consisting of two houses, a commercial space and land measuring 10,120m2. It is located on the island of Madeira, in the picturesque and ecologically clean area of Santo António da Serra. The first 3+2 bedroom villa (5 bedrooms) comprises a spacious living room, an office, a fully equipped and furnished kitchen, 5 bedrooms, two bathrooms and a closed garage for 2 cars with storage space. This villa has a large glazed terrace with a grill and a wood-burning stove, offering a beautiful view of the mountains and the forest, a place to spend vacations and gatherings with family and friends. The second villa type T2+1 (3 bedrooms) consists of a living room with an open-plan fitted kitchen, 2 bedrooms on the first floor, a bathroom with shower. On the second floor of the house there is a large children's playroom with sleeping areas. The villa has a spacious garage for two cars. Both villas have solar panels for heating water, allowing you to save energy and always have hot water. There is a workshop and an extra garage, as well as large storage areas for farm implements. Drinking water is supplied centrally to the houses and water from the levadas is also used. The water from the levadas is stored in a 100,000 liter tank and is used to water the garden and vegetable beds, as well as for the animals. The vegetable garden, located on the lower floor of the property, has an automatic irrigation system. The garden has a variety of fruit trees, such as peaches, lemons, oranges, apples and avocados. The whole plot is fenced and has four accesses, three of which are for trucks. This farm is a unique opportunity to acquire a property that can be used for tourism, peasant vacations and other agricultural activities. Contact me for more information and to arrange a visit. #ref: 141923
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Currency Exchange
Machico, Ilha da Madeira, 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 €980,000 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 |
|---|---|---|---|
| €980,000 | £808,941 | £854,570 | £45,629 |
| Property Price € | €980,000 |
| Minimum cost in the last six months | £808,941 |
| Maximum cost in the last six months | £854,570 |
| Fluctuating exchange rates over the last six months could have increased the cost of this property by | £45,629 |
Machico, Ilha da Madeira, 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 €980,000 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 |
|---|---|---|---|
| €980,000 | £808,941 | £854,570 | £45,629 |
| Property Price € | €980,000 |
| Minimum cost in the last six months | £808,941 |
| Maximum cost in the last six months | £854,570 |
| Fluctuating exchange rates over the last six months could have increased the cost of this property by | £45,629 |
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 £45,629 more.
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