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Elegant Classic 3 Bed
Loulé, Faro, Portugal, 8100-060
REF: 995434
€850,000
Description
Charming property featuring a spacious main villa and an self-contained apartment, with the added advantage of land suitable for further development or an additional build. A spacious, south-facing villa located in Boliqueime. This property boasts ocean and countryside views and is conveniently situated within the village.
With its prime location near an endless number of amenities, the potential to transform the villa into a true crown jewel, the option for further development, there s also the exciting opportunity to convert this substantial building into a profitable tourist accommodation, without a doubt, this property stands out as an exceptionally attractive opportunity.
The villa is distributed over three floors. The ground floor features an entrance-stairs hall, a generous lounge and dining room complete with a cozy wood-burning stove, kitchen, an en-suite bedroom and a conservatory that provides direct access to the pool area. Additionally, there is a cloakroom in the hall. The first floor comprises two sizable en-suite bedrooms, both with built-in wardrobes and access to south-facing terraces. This floor is completed by a smaller room that is currently used as an office and storage space. On the villa s lower level is a self-contained guest studio with a kitchenette, lounge- bedroom, and bathroom, offering an ideal independent space for guests.
This property features a beautifully uniquely shaped pool, surrounded by a paved terrace with views of the garden and the coast line, that convert this spot into a fantastic place to enjoy with family and friends or just to relax. There Is a enclosed barbecue area at the rear of the house. Accessed via the main road and a private driveway lined with majestic mature trees, including palms, oleander, and cypresses, leading to a parking area featuring two enclosed garages and a carport.
A significant part of the land has development potential, as it is located in an Urban area type B according to the PDM (Master Plan). This makes the property a clever investment due to the possibility of subdividing the land and building separate units.
This is an opportunity to invest in an fantastic property, move in and immediately enjoy this stunning villa while envisioning future renovations to create a dream home or perhaps even your dream business.
Charming property featuring a spacious main villa and an self-contained apartment, with the added advantage of land suitable for further development or an additional build. A spacious, south-facing villa located in Boliqueime. This property boasts ocean and countryside views and is conveniently situated within the village.
With its prime location near an endless number of amenities, the potential to transform the villa into a true crown jewel, the option for further development, there s also the exciting opportunity to convert this substantial building into a profitable tourist accommodation, without a doubt, this property stands out as an exceptionally attractive opportunity.
The villa is distributed over three floors. The ground floor features an entrance-stairs hall, a generous lounge and dining room complete with a cozy wood-burning stove, kitchen, an en-suite bedroom and a conservatory that provides direct access to the pool area. Additionally, there is a cloakroom in the hall. The first floor comprises two sizable en-suite bedrooms, both with built-in wardrobes and access to south-facing terraces. This floor is completed by a smaller room that is currently used as an office and storage space. On the villa s lower level is a self-contained guest studio with a kitchenette, lounge- bedroom, and bathroom, offering an ideal independent space for guests.
This property features a beautifully uniquely shaped pool, surrounded by a paved terrace with views of the garden and the coast line, that convert this spot into a fantastic place to enjoy with family and friends or just to relax. There Is a enclosed barbecue area at the rear of the house. Accessed via the main road and a private driveway lined with majestic mature trees, including palms, oleander, and cypresses, leading to a parking area featuring two enclosed garages and a carport.
A significant part of the land has development potential, as it is located in an Urban area type B according to the PDM (Master Plan). This makes the property a clever investment due to the possibility of subdividing the land and building separate units.
This is an opportunity to invest in an fantastic property, move in and immediately enjoy this stunning villa while envisioning future renovations to create a dream home or perhaps even your dream business.
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Currency Exchange
Loulé, Faro, Portugal, 8100-060
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 €850,000 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 |
|---|---|---|---|
| €850,000 | £701,633 | £737,877 | £36,244 |
| Property Price € | €850,000 |
| Minimum cost in the last six months | £701,633 |
| Maximum cost in the last six months | £737,877 |
| Fluctuating exchange rates over the last six months could have increased the cost of this property by | £36,244 |
Loulé, Faro, Portugal, 8100-060
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 €850,000 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 |
|---|---|---|---|
| €850,000 | £701,633 | £737,877 | £36,244 |
| Property Price € | €850,000 |
| Minimum cost in the last six months | £701,633 |
| Maximum cost in the last six months | £737,877 |
| Fluctuating exchange rates over the last six months could have increased the cost of this property by | £36,244 |
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 £36,244 more.
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