Unique Opportunity – Rustic Plot of 8,280 m² in Ribeira de Alte, Paderne, with Wooden House and Utilities Located in the peaceful area of Ribeira de Alte, in the parish of Paderne, this 8,280 m² rustic plot offers a serene natural environment in the heart of the Algarve

Albufeira, Faro, Portugal

For Sale

€160,000

REF: 994453 €160,000


8280 m2

8280 m2

Description

Unique Opportunity – Rustic Plot of 8,280 m² in Ribeira de Alte, Paderne, with Wooden House and Utilities Located in the peaceful area of Ribeira de Alte, in the parish of Paderne, this 8,280 m² rustic plot offers a serene natural environment in the heart of the Algarve. The property includes a small wooden house comprising one bedroom, a bathroom, an indoor kitchen, a separate workshop, and a well-equipped outdoor summer kitchen, perfect for enjoying outdoor living.

The land is connected to electricity, has a 7,000-litre septic tank, a soakaway pit, a wastewater disposal point for motorhomes, and its own borehole for water supply. It is surrounded by mature vegetation, including a lemon tree, two orange trees, a clementine tree, olive trees, and carob trees. A river runs along the lower part of the plot, adding a refreshing touch and natural charm.

There is also a petanque court for leisure activities. The location is excellent: approximately 10 km from the centre of Paderne, 15 km from the beaches of Albufeira and Olhos de Água (about a 15-minute drive), and 35 km from Faro International Airport (roughly 35 minutes). Road access is easy, and the area is well-connected.

This property offers a peaceful lifestyle in close contact with nature. Any future development or modification must be reviewed and approved by the relevant local authorities. #ref: 144963
Unique Opportunity – Rustic Plot of 8,280 m² in Ribeira de Alte, Paderne, with Wooden House and Utilities Located in the peaceful area of Ribeira de Alte, in the parish of Paderne, this 8,280 m² rustic plot offers a serene natural environment in the heart of the Algarve. The property includes a small wooden house comprising one bedroom, a bathroom, an indoor kitchen, a separate workshop, and a well-equipped outdoor summer kitchen, perfect for enjoying outdoor living.

The land is connected to electricity, has a 7,000-litre septic tank, a soakaway pit, a wastewater disposal point for motorhomes, and its own borehole for water supply. It is surrounded by mature vegetation, including a lemon tree, two orange trees, a clementine tree, olive trees, and carob trees. A river runs along the lower part of the plot, adding a refreshing touch and natural charm.

There is also a petanque court for leisure activities. The location is excellent: approximately 10 km from the centre of Paderne, 15 km from the beaches of Albufeira and Olhos de Água (about a 15-minute drive), and 35 km from Faro International Airport (roughly 35 minutes). Road access is easy, and the area is well-connected.

This property offers a peaceful lifestyle in close contact with nature. Any future development or modification must be reviewed and approved by the relevant local authorities. #ref: 144963
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Property on Map

#144963

Currency Exchange

Albufeira, 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 €160,000 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
€160,000 £132,072 £138,898 £6,826
Property Price € €160,000
Minimum cost in the last six months £132,072
Maximum cost in the last six months £138,898
Fluctuating exchange rates over the last six months could have increased the cost of this property by £6,826

Albufeira, 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 €160,000 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
€160,000 £132,072 £138,898 £6,826
Property Price € €160,000
Minimum cost in the last six months £132,072
Maximum cost in the last six months £138,898
Fluctuating exchange rates over the last six months could have increased the cost of this property by £6,826

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 £6,826 more.

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