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3-Bedroom Apartment for Renovation We present to you this 3-bedroom apartment, located in the quiet Coca Maravilhas development in Portimão
Portimão, Faro, Portugal
REF: 976434
€185,000
Description
3-Bedroom Apartment for Renovation We present to you this 3-bedroom apartment, located in the quiet Coca Maravilhas development in Portimão. Situated on the 2nd floor of a building without a lift, this property offers an excellent opportunity for those looking for a home with potential to be fully renovated to their taste, whether for permanent residence, a holiday home, or as an investment in the rental market. The apartment consists of three bedrooms, two bathrooms, a living room with a balcony that offers plenty of natural light, and a kitchen with a sunroom, ideal for creating a laundry area or storage space. With generous dimensions and a functional layout, this property allows each space to be transformed into a welcoming and modern environment. One of the key features of this property is its location. It is set in a residential area, with good access and close to several essential daily services: Coca Maravilhas Primary School and Kindergarten are just a 3-minute walk away. Nearby bus stop (urban line), with easy access to the city centre and surrounding areas. Supermarkets, pharmacy, cafés, restaurants, and other amenities within 5 minutes. Just a 7-minute drive from Praia da Rocha and other iconic beaches of Portimão. Good road access and easy parking in the area. This is the ideal property for those seeking a peaceful lifestyle, close to everything, and with the added advantage of being able to renovate and enhance the home to their liking. Portimão is one of the most attractive cities in the Algarve, known for its natural beauty, stunning beaches, and mild climate all year round. With a vibrant urban centre, active cultural life, great restaurants, and events throughout the year, it is the perfect place to live or invest. It also blends traditional Algarve charm with all modern amenities, making it increasingly popular among families, retirees, and both national and international investors. Book your visit with me. #ref: 139982
3-Bedroom Apartment for Renovation We present to you this 3-bedroom apartment, located in the quiet Coca Maravilhas development in Portimão. Situated on the 2nd floor of a building without a lift, this property offers an excellent opportunity for those looking for a home with potential to be fully renovated to their taste, whether for permanent residence, a holiday home, or as an investment in the rental market. The apartment consists of three bedrooms, two bathrooms, a living room with a balcony that offers plenty of natural light, and a kitchen with a sunroom, ideal for creating a laundry area or storage space. With generous dimensions and a functional layout, this property allows each space to be transformed into a welcoming and modern environment. One of the key features of this property is its location. It is set in a residential area, with good access and close to several essential daily services: Coca Maravilhas Primary School and Kindergarten are just a 3-minute walk away. Nearby bus stop (urban line), with easy access to the city centre and surrounding areas. Supermarkets, pharmacy, cafés, restaurants, and other amenities within 5 minutes. Just a 7-minute drive from Praia da Rocha and other iconic beaches of Portimão. Good road access and easy parking in the area. This is the ideal property for those seeking a peaceful lifestyle, close to everything, and with the added advantage of being able to renovate and enhance the home to their liking. Portimão is one of the most attractive cities in the Algarve, known for its natural beauty, stunning beaches, and mild climate all year round. With a vibrant urban centre, active cultural life, great restaurants, and events throughout the year, it is the perfect place to live or invest. It also blends traditional Algarve charm with all modern amenities, making it increasingly popular among families, retirees, and both national and international investors. Book your visit with me. #ref: 139982
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Currency Exchange
Portimão, 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 €185,000 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 |
|---|---|---|---|
| €185,000 | £152,708 | £160,597 | £7,888 |
| Property Price € | €185,000 |
| Minimum cost in the last six months | £152,708 |
| Maximum cost in the last six months | £160,597 |
| Fluctuating exchange rates over the last six months could have increased the cost of this property by | £7,888 |
Portimão, 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 €185,000 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 |
|---|---|---|---|
| €185,000 | £152,708 | £160,597 | £7,888 |
| Property Price € | €185,000 |
| Minimum cost in the last six months | £152,708 |
| Maximum cost in the last six months | £160,597 |
| Fluctuating exchange rates over the last six months could have increased the cost of this property by | £7,888 |
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 £7,888 more.
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