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Exceptional plot of land with an area of 16,842 square metres and a house in need of renovation
Penela, Coimbra, Portugal
REF: 994467
€80,000
Description
Exceptional plot of land with an area of 16,842 square metres and a house in need of renovation. As for the location, which is the most important thing, I must say that it is unique! Total privacy, excellent sun exposure, well water, mains electricity and phenomenal views of the medieval castle of Penela, the Lousã/Espinhal mountains and the surrounding green area. This land is used for agricultural production, and the area is also excellent for fruit and wine production. The entire plot has good access (accessible to tractors and other agricultural machinery). Just 5 minutes from the village of Penela! Here, the only sound you hear is the birds singing and flying happily. Pollution-free area! The access road serves only two properties, which means it is away from road traffic. A paradise! Features: - 150 square metre house in need of complete renovation - 16,842 square metre plot, excellent for agriculture and/or tourism project Relevant distances: - Village of Penela 5 km away (shops, health centre, schools, public services, restaurants) - Motorway 4 km away - City of Coimbra 20 km away - City of Lisbon 190 km away - City of Porto 150 km away #ref: 144871
Exceptional plot of land with an area of 16,842 square metres and a house in need of renovation. As for the location, which is the most important thing, I must say that it is unique! Total privacy, excellent sun exposure, well water, mains electricity and phenomenal views of the medieval castle of Penela, the Lousã/Espinhal mountains and the surrounding green area. This land is used for agricultural production, and the area is also excellent for fruit and wine production. The entire plot has good access (accessible to tractors and other agricultural machinery). Just 5 minutes from the village of Penela! Here, the only sound you hear is the birds singing and flying happily. Pollution-free area! The access road serves only two properties, which means it is away from road traffic. A paradise! Features: - 150 square metre house in need of complete renovation - 16,842 square metre plot, excellent for agriculture and/or tourism project Relevant distances: - Village of Penela 5 km away (shops, health centre, schools, public services, restaurants) - Motorway 4 km away - City of Coimbra 20 km away - City of Lisbon 190 km away - City of Porto 150 km away #ref: 144871
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Currency Exchange
Penela, Coimbra, 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 €80,000 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 |
|---|---|---|---|
| €80,000 | £66,036 | £69,447 | £3,411 |
| Property Price € | €80,000 |
| Minimum cost in the last six months | £66,036 |
| Maximum cost in the last six months | £69,447 |
| Fluctuating exchange rates over the last six months could have increased the cost of this property by | £3,411 |
Penela, Coimbra, 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 €80,000 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 |
|---|---|---|---|
| €80,000 | £66,036 | £69,447 | £3,411 |
| Property Price € | €80,000 |
| Minimum cost in the last six months | £66,036 |
| Maximum cost in the last six months | £69,447 |
| Fluctuating exchange rates over the last six months could have increased the cost of this property by | £3,411 |
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 £3,411 more.
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