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If you’re looking for a move-in-ready home, surrounded by nature, with plenty of space, stunning views, and a strategic location on Pico Island — this could be the right opportunity! Charming 2-bedroom + mezzanine house, built in 2019, set on a generous 3,200 m² plot in the peaceful area of Toledos
Madalena, Ilha do Pico, Portugal
REF: 982120
€370,000
Description
If you’re looking for a move-in-ready home, surrounded by nature, with plenty of space, stunning views, and a strategic location on Pico Island — this could be the right opportunity! Charming 2-bedroom + mezzanine house, built in 2019, set on a generous 3,200 m² plot in the peaceful area of Toledos, in Madalena do Pico — right in the heart of the UNESCO World Heritage Landscape of the Pico Island Vineyard Culture. With 90 m² of built area, the house features a functional ground floor with two bedrooms, a bathroom, and an open-plan living room and kitchen. The mezzanine offers a versatile extra space that can be used as an office, reading area, or third bedroom. From the mezzanine, you’ll enjoy an unobstructed sea view — the perfect setting to work or relax in peace. The property is a true natural retreat, with a wooded area at the back that includes a pleasant leisure zone, ideal for outdoor dining or lounging in the shade. There is also a pre-prepared area for installing a swimming pool — perfect for those who want to further enhance outdoor living. The rear porch and various points across the land offer a mountain view, creating a unique combination of sea and mountain landscapes. There’s great potential for expansion: the existing house can be extended or a new building constructed, up to a total gross construction area of 200 m². There’s plenty of space for a garden, orchard, rural tourism project, or simply to enjoy the calm and beauty of the surrounding nature. Prime location: 6 minutes from Pico Airport; 3 minutes from the harbour and the centre of Madalena village; 5-minute walk to Formosinha swimming area; 2-minute drive to Barca swimming zone; Surrounded by hiking trails and protected landscapes. Perfect for those seeking quality of life, direct contact with nature, and a property with strong potential — whether as a permanent home, second residence, or tourism investment in the Azores. #ref: 143321
If you’re looking for a move-in-ready home, surrounded by nature, with plenty of space, stunning views, and a strategic location on Pico Island — this could be the right opportunity! Charming 2-bedroom + mezzanine house, built in 2019, set on a generous 3,200 m² plot in the peaceful area of Toledos, in Madalena do Pico — right in the heart of the UNESCO World Heritage Landscape of the Pico Island Vineyard Culture. With 90 m² of built area, the house features a functional ground floor with two bedrooms, a bathroom, and an open-plan living room and kitchen. The mezzanine offers a versatile extra space that can be used as an office, reading area, or third bedroom. From the mezzanine, you’ll enjoy an unobstructed sea view — the perfect setting to work or relax in peace. The property is a true natural retreat, with a wooded area at the back that includes a pleasant leisure zone, ideal for outdoor dining or lounging in the shade. There is also a pre-prepared area for installing a swimming pool — perfect for those who want to further enhance outdoor living. The rear porch and various points across the land offer a mountain view, creating a unique combination of sea and mountain landscapes. There’s great potential for expansion: the existing house can be extended or a new building constructed, up to a total gross construction area of 200 m². There’s plenty of space for a garden, orchard, rural tourism project, or simply to enjoy the calm and beauty of the surrounding nature. Prime location: 6 minutes from Pico Airport; 3 minutes from the harbour and the centre of Madalena village; 5-minute walk to Formosinha swimming area; 2-minute drive to Barca swimming zone; Surrounded by hiking trails and protected landscapes. Perfect for those seeking quality of life, direct contact with nature, and a property with strong potential — whether as a permanent home, second residence, or tourism investment in the Azores. #ref: 143321
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Currency Exchange
Madalena, Ilha do Pico, 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 €370,000 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 |
|---|---|---|---|
| €370,000 | £304,843 | £321,193 | £16,350 |
| Property Price € | €370,000 |
| Minimum cost in the last six months | £304,843 |
| Maximum cost in the last six months | £321,193 |
| Fluctuating exchange rates over the last six months could have increased the cost of this property by | £16,350 |
Madalena, Ilha do Pico, 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 €370,000 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 |
|---|---|---|---|
| €370,000 | £304,843 | £321,193 | £16,350 |
| Property Price € | €370,000 |
| Minimum cost in the last six months | £304,843 |
| Maximum cost in the last six months | £321,193 |
| Fluctuating exchange rates over the last six months could have increased the cost of this property by | £16,350 |
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 £16,350 more.
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