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4 bedroom house with a basement and parking, in a gated community with swimming pool and sea view
Olhão, Faro, Portugal, 8700-211
REF: 994256
€695,000
Description
House with 4 bedrooms measuring 260m2 plus a 95m2 basement, with excellent distribution of areas, located in the Monte das Olaias development in Quelfes. The plot measures 290m2 with a leisure area and a dining area with a barbecue and direct access to the condominium's swimming pool. There is also a private garage and a parking space in front for more vehicles, as well as an external bathroom. On the ground floor there is a 14m2 entrance hall that gives access to the living room facing east measuring approximately 43m2, as well as the large kitchen with two fronts. A service bathroom. On the first floor, there are four bedrooms, all with wardrobes and air conditioning and with access to good-sized balconies, one of which is a suite with a walk-in closet and a 27m2 balcony with sea views. There is also a full bathroom that serves the other bedrooms. On the second floor, there is a 13m2 laundry room with access to a terrace with panoramic views of the mountains, Ria Formosa, and its islands. Central heating and water system with a diesel boiler, with the option of an 80-litre heater. A surprise, just 5 minutes from the centre of Olhão.
House with 4 bedrooms measuring 260m2 plus a 95m2 basement, with excellent distribution of areas, located in the Monte das Olaias development in Quelfes. The plot measures 290m2 with a leisure area and a dining area with a barbecue and direct access to the condominium's swimming pool. There is also a private garage and a parking space in front for more vehicles, as well as an external bathroom. On the ground floor there is a 14m2 entrance hall that gives access to the living room facing east measuring approximately 43m2, as well as the large kitchen with two fronts. A service bathroom. On the first floor, there are four bedrooms, all with wardrobes and air conditioning and with access to good-sized balconies, one of which is a suite with a walk-in closet and a 27m2 balcony with sea views. There is also a full bathroom that serves the other bedrooms. On the second floor, there is a 13m2 laundry room with access to a terrace with panoramic views of the mountains, Ria Formosa, and its islands. Central heating and water system with a diesel boiler, with the option of an 80-litre heater. A surprise, just 5 minutes from the centre of Olhão.
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Currency Exchange
Olhão, Faro, Portugal, 8700-211
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 €695,000 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 |
|---|---|---|---|
| €695,000 | £573,688 | £603,323 | £29,635 |
| Property Price € | €695,000 |
| Minimum cost in the last six months | £573,688 |
| Maximum cost in the last six months | £603,323 |
| Fluctuating exchange rates over the last six months could have increased the cost of this property by | £29,635 |
Olhão, Faro, Portugal, 8700-211
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 €695,000 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 |
|---|---|---|---|
| €695,000 | £573,688 | £603,323 | £29,635 |
| Property Price € | €695,000 |
| Minimum cost in the last six months | £573,688 |
| Maximum cost in the last six months | £603,323 |
| Fluctuating exchange rates over the last six months could have increased the cost of this property by | £29,635 |
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 £29,635 more.
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