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House with Independent Entrances and Land Next to Ria Formosa
Vila Real de Santo António, Faro, Portugal, 8900-018
REF: 980654
€325,000
Description
House with independent entrances, land and great potential in Vila Nova de Cacela, next to the Ria Formosa This house, located in Vila Nova de Cacela, offers a rare investment opportunity in one of the most sought-after areas of the eastern Algarve, just a few minutes from the Ria Formosa and the beaches of Cacela Velha and Manta Rota. Set on a 490 m plot, the house is spread over two floors with independent entrances, allowing for different uses: Multi-family housing Creation of two autonomous units (ideal for local accommodation) Private area and guest area The ground floor has 3 bedrooms, and the first floor has 2 additional bedrooms, offering generous space for the whole family or for tourist rentals. Although it requires renovation work, the structure offers a solid base for modernization and significant appreciation. The side plot opens the door to several possibilities, from the creation of a leisure area with a swimming pool and garden, to the construction of a garage or annexes (subject to feasibility). Property highlights: 5 bedrooms in total Independent entrances to each floor 490 m plot Potential for 2 residential units 5 minutes from the Ria Formosa and beaches Quiet area, but with good access to services If you are looking for a property with a privileged location and a large margin for appreciation, this house could be the right choice. Contact me for more information or to schedule your visit.
House with independent entrances, land and great potential in Vila Nova de Cacela, next to the Ria Formosa This house, located in Vila Nova de Cacela, offers a rare investment opportunity in one of the most sought-after areas of the eastern Algarve, just a few minutes from the Ria Formosa and the beaches of Cacela Velha and Manta Rota. Set on a 490 m plot, the house is spread over two floors with independent entrances, allowing for different uses: Multi-family housing Creation of two autonomous units (ideal for local accommodation) Private area and guest area The ground floor has 3 bedrooms, and the first floor has 2 additional bedrooms, offering generous space for the whole family or for tourist rentals. Although it requires renovation work, the structure offers a solid base for modernization and significant appreciation. The side plot opens the door to several possibilities, from the creation of a leisure area with a swimming pool and garden, to the construction of a garage or annexes (subject to feasibility). Property highlights: 5 bedrooms in total Independent entrances to each floor 490 m plot Potential for 2 residential units 5 minutes from the Ria Formosa and beaches Quiet area, but with good access to services If you are looking for a property with a privileged location and a large margin for appreciation, this house could be the right choice. Contact me for more information or to schedule your visit.
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Currency Exchange
Vila Real de Santo António, Faro, Portugal, 8900-018
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 €325,000 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 |
|---|---|---|---|
| €325,000 | £268,242 | £282,129 | £13,887 |
| Property Price € | €325,000 |
| Minimum cost in the last six months | £268,242 |
| Maximum cost in the last six months | £282,129 |
| Fluctuating exchange rates over the last six months could have increased the cost of this property by | £13,887 |
Vila Real de Santo António, Faro, Portugal, 8900-018
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 €325,000 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 |
|---|---|---|---|
| €325,000 | £268,242 | £282,129 | £13,887 |
| Property Price € | €325,000 |
| Minimum cost in the last six months | £268,242 |
| Maximum cost in the last six months | £282,129 |
| Fluctuating exchange rates over the last six months could have increased the cost of this property by | £13,887 |
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 £13,887 more.
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