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T2 with lots of light in Pinhal Novo Apartment with two bedrooms and two bathrooms, located 500 meters from the Pinhal Novo CP station
Palmela, Setúbal, Portugal
REF: 985821
€210,000
Description
T2 with lots of light in Pinhal Novo Apartment with two bedrooms and two bathrooms, located 500 meters from the Pinhal Novo CP station. The apartment has been recently renovated and is sold fully furnished. The renovation was complete, with intervention in the pipes and electricity. The open-space kitchen allows for a wide view and better use of the space between rooms. The entrance hall separates the common area from the private area of the rooms, which face south. The apartment is currently rented, with an annual contract starting in March 2024. The current rent is €700 and may be increased, in accordance with current legislation, at the end of each annual period. The apartment has excellent sun exposure and is located in a residential area, with some local shops and a quiet square, ideal for children to play or for walking pets. In addition to the nearby cafes and restaurants, you will also find the GNR station, the Municipal Pavilion and the José Maria dos Santos School Group. Pinhal Novo is a Portuguese village, headquarters of the Parish of Pinhal Novo in the Municipality of Palmela, in the District of Setúbal, a parish with an area of 55.84 km²[1] and 26,989 inhabitants (2021 census),[2] thus having a population density of 483.3 inhab./km². The parish was created, within the scope of the administrative organization of the Portuguese State, on February 10, 1928, by decree no. 15,004, of 12/07/1928, with places detached from the parish of Palmela. In turn, the town of Pinhal Novo was elevated to the category of town in 1988 by Law No. 45/88, of April 19, 1988. It has an urban and service dimension, manufacturing industry related to electrical cables and electrodes (and automotive mechanics) and paints. It is also in this parish that the railway station of the same name is located, where the Fertagus, CP Lisboa, Intercidades and Alfa Pendular services stop (the latter service being the only station on the Setúbal Peninsula where they stop). #ref: 143775
T2 with lots of light in Pinhal Novo Apartment with two bedrooms and two bathrooms, located 500 meters from the Pinhal Novo CP station. The apartment has been recently renovated and is sold fully furnished. The renovation was complete, with intervention in the pipes and electricity. The open-space kitchen allows for a wide view and better use of the space between rooms. The entrance hall separates the common area from the private area of the rooms, which face south. The apartment is currently rented, with an annual contract starting in March 2024. The current rent is €700 and may be increased, in accordance with current legislation, at the end of each annual period. The apartment has excellent sun exposure and is located in a residential area, with some local shops and a quiet square, ideal for children to play or for walking pets. In addition to the nearby cafes and restaurants, you will also find the GNR station, the Municipal Pavilion and the José Maria dos Santos School Group. Pinhal Novo is a Portuguese village, headquarters of the Parish of Pinhal Novo in the Municipality of Palmela, in the District of Setúbal, a parish with an area of 55.84 km²[1] and 26,989 inhabitants (2021 census),[2] thus having a population density of 483.3 inhab./km². The parish was created, within the scope of the administrative organization of the Portuguese State, on February 10, 1928, by decree no. 15,004, of 12/07/1928, with places detached from the parish of Palmela. In turn, the town of Pinhal Novo was elevated to the category of town in 1988 by Law No. 45/88, of April 19, 1988. It has an urban and service dimension, manufacturing industry related to electrical cables and electrodes (and automotive mechanics) and paints. It is also in this parish that the railway station of the same name is located, where the Fertagus, CP Lisboa, Intercidades and Alfa Pendular services stop (the latter service being the only station on the Setúbal Peninsula where they stop). #ref: 143775
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Currency Exchange
Palmela, Setúbal, 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 €210,000 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 |
|---|---|---|---|
| €210,000 | £173,326 | £182,299 | £8,973 |
| Property Price € | €210,000 |
| Minimum cost in the last six months | £173,326 |
| Maximum cost in the last six months | £182,299 |
| Fluctuating exchange rates over the last six months could have increased the cost of this property by | £8,973 |
Palmela, Setúbal, 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 €210,000 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 |
|---|---|---|---|
| €210,000 | £173,326 | £182,299 | £8,973 |
| Property Price € | €210,000 |
| Minimum cost in the last six months | £173,326 |
| Maximum cost in the last six months | £182,299 |
| Fluctuating exchange rates over the last six months could have increased the cost of this property by | £8,973 |
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 £8,973 more.
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