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3 bedroom house in a great location, completely renovated, close to Albufeira marina, next to the M5
Albufeira, Faro, Portugal, 8200-001
REF: 995502
€740,000
Description
Casa Augusto is a fully renovated 3-bedroom house comprising a new kitchen, a dining and living room, two bedrooms and a suite with a bathroom and wardrobe. It has two additional bathrooms, all renovated. It also has a closed garage space with a separate gate. This house is close to the Albufeira Marina and next to the M526 road that connects Albufeira and Armação de Pêra. It is located on a plot of 820 m2 with a covered area of 143 m2. On the upper floor there is a large terrace from where you can see the sea and where a Jacuzzi will be available. There is a PIP with a favourable opinion from the Albufeira Council for the construction of 3 studio apartments. Negotiations are underway to acquire the adjacent plot of land with an additional 5,000 m2. This house is a great investment for holiday rentals given its central location. I would be happy to provide you with further information or schedule a visit. I only make visits with proof of funds or pre-approval of bank credit (if you have not yet dealt with this situation, I can arrange a meeting with KW so that, without any obligation, we can carry out a simulation and pre-approval).
Casa Augusto is a fully renovated 3-bedroom house comprising a new kitchen, a dining and living room, two bedrooms and a suite with a bathroom and wardrobe. It has two additional bathrooms, all renovated. It also has a closed garage space with a separate gate. This house is close to the Albufeira Marina and next to the M526 road that connects Albufeira and Armação de Pêra. It is located on a plot of 820 m2 with a covered area of 143 m2. On the upper floor there is a large terrace from where you can see the sea and where a Jacuzzi will be available. There is a PIP with a favourable opinion from the Albufeira Council for the construction of 3 studio apartments. Negotiations are underway to acquire the adjacent plot of land with an additional 5,000 m2. This house is a great investment for holiday rentals given its central location. I would be happy to provide you with further information or schedule a visit. I only make visits with proof of funds or pre-approval of bank credit (if you have not yet dealt with this situation, I can arrange a meeting with KW so that, without any obligation, we can carry out a simulation and pre-approval).
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Currency Exchange
Albufeira, Faro, Portugal, 8200-001
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 €740,000 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 |
|---|---|---|---|
| €740,000 | £610,833 | £647,737 | £36,904 |
| Property Price € | €740,000 |
| Minimum cost in the last six months | £610,833 |
| Maximum cost in the last six months | £647,737 |
| Fluctuating exchange rates over the last six months could have increased the cost of this property by | £36,904 |
Albufeira, Faro, Portugal, 8200-001
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 €740,000 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 |
|---|---|---|---|
| €740,000 | £610,833 | £647,737 | £36,904 |
| Property Price € | €740,000 |
| Minimum cost in the last six months | £610,833 |
| Maximum cost in the last six months | £647,737 |
| Fluctuating exchange rates over the last six months could have increased the cost of this property by | £36,904 |
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 £36,904 more.
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