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Discover this peaceful sanctuary with spectacular views, located in the popular Algarve village of Alte
Loulé, Faro, Portugal
REF: 995801
€525,000
Description
Discover this peaceful sanctuary with spectacular views, located in the popular Algarve village of Alte. The property occupies a generously sized, elevated south facing plot looking out from the substantial terrace over the village , and enjoys magnificent panoramic countryside and sea views beyond. The ground floor reception areas of the property consist of a spacious traditional sitting room with fireplace, a dining room, a general reception area, fitted kitchen and pantry, all of which, if the property were to be refurbished, would lend themselves to integration into a large open plan living area with bifold windows out to the large south facing terrace . Furthermore, on this level there are two double bedrooms with a shared bathroom and a hallway currently used as an office space. Moving to the lower ground level via an internal staircase, the accommodation continues with a further bedroom and bathroom, spacious sitting room (also enjoying the far-reaching views from its own terrace), dining room and kitchen. This level benefits from independent access thus lending itself to either be integrated as part of the main house or used as a separate apartment. The outside of the property consists of a drive leading to a parking area with garage and storage room, a roof terrace and a large sloping garden with a gate to the lower road, thus providing easy pedestrian access to the centre of the village. This area currently is currently home to an above ground pool, although an inground pool and terrace area could be constructed with the appropriate permissions. This property truly has tremendous scope to carry out varying levels of refurbishment and reconfiguration, and being attractively priced is well worth viewing to see how you could unlock that potential and create a wonderful holiday home or full time residence. Contact me now to arrange your visit. #ref: 143879
Discover this peaceful sanctuary with spectacular views, located in the popular Algarve village of Alte. The property occupies a generously sized, elevated south facing plot looking out from the substantial terrace over the village , and enjoys magnificent panoramic countryside and sea views beyond. The ground floor reception areas of the property consist of a spacious traditional sitting room with fireplace, a dining room, a general reception area, fitted kitchen and pantry, all of which, if the property were to be refurbished, would lend themselves to integration into a large open plan living area with bifold windows out to the large south facing terrace . Furthermore, on this level there are two double bedrooms with a shared bathroom and a hallway currently used as an office space. Moving to the lower ground level via an internal staircase, the accommodation continues with a further bedroom and bathroom, spacious sitting room (also enjoying the far-reaching views from its own terrace), dining room and kitchen. This level benefits from independent access thus lending itself to either be integrated as part of the main house or used as a separate apartment. The outside of the property consists of a drive leading to a parking area with garage and storage room, a roof terrace and a large sloping garden with a gate to the lower road, thus providing easy pedestrian access to the centre of the village. This area currently is currently home to an above ground pool, although an inground pool and terrace area could be constructed with the appropriate permissions. This property truly has tremendous scope to carry out varying levels of refurbishment and reconfiguration, and being attractively priced is well worth viewing to see how you could unlock that potential and create a wonderful holiday home or full time residence. Contact me now to arrange your visit. #ref: 143879
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Currency Exchange
Loulé, 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 €525,000 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 |
|---|---|---|---|
| €525,000 | £433,361 | £455,758 | £22,397 |
| Property Price € | €525,000 |
| Minimum cost in the last six months | £433,361 |
| Maximum cost in the last six months | £455,758 |
| Fluctuating exchange rates over the last six months could have increased the cost of this property by | £22,397 |
Loulé, 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 €525,000 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 |
|---|---|---|---|
| €525,000 | £433,361 | £455,758 | £22,397 |
| Property Price € | €525,000 |
| Minimum cost in the last six months | £433,361 |
| Maximum cost in the last six months | £455,758 |
| Fluctuating exchange rates over the last six months could have increased the cost of this property by | £22,397 |
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 £22,397 more.
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