Charming, Renovated B&B with 8 Bedrooms, Praia da Luz

Lagos, Faro, Portugal, 8600-119 Lagos

For Sale

€1,298,000

REF: 515105 €1,298,000


8

7

Description

The B&B consists of a villa, 3 studios and a cottage, a large land with swimming pool. Perfectly located in an elevated position in a quiet location close to the beach and town, the property overlooks Montinhos da Luz and its valley. The property has a holiday rental license. This elegant quinta sits on an elevated plot in a quiet location, enjoying privacy, tranquillity with valley views over Montinhos da Luz. A rare opportunity to purchase this turnkey property on a unique location between Burgau and Praia da Luz and only 10 minutes by car from Lagos. The quinta is a detached property with tremendous space (5,000 sqm) and situated in an extremely sought-after location, close to several (international) schools and golf courses. The property has been a holiday home for the current owners who renovated it in 2018.

They enjoyed the property themselves and, in recent years, have benefited from a high rental income. It consists of a 4-bedroom villa, three studios and a detached one-bedroom cottage with their own private entrances and each with a private outside area. Sleeps 21 people in 8 bedrooms total. Entering the gateway, into a long, beautiful driveway surrounded by vines, this spacious property is a delight to the eye.

In the villa, a hallway leads directly to the bright bedrooms downstairs. From here large doors open on to the terraces, with many shaded lounge areas and views over the beautiful garden and pool area. There are two spacious en-suite bedrooms on the ground floor and two bedrooms that share a bathroom. The 1st floor of the villa comprises a light-filled living room and open plan kitchen.

and access to a large terrace overlooking the south facing pool. The tall windows provide space and light throughout. This beautifully presented villa is great for entertaining and perfectly suited as a permanent family residence or a holiday home with great rental potential. In this building there are also three separate studios. The 1-bedroom cottage is detached and has a private garden. There is a large garage for storage that fits two cars and there's parking space for eight cars outside. More details: The villa: the top floor has an open plan modern kitchen with breakfast bar and a spacious living/dining area with a pellet burner for the colder evenings.

Both the kitchen and the living/dining area have direct access to the terraces where you can enjoy the sun. There are four bedrooms of which two of them with ensuite bathroom. The other two share a separate family bathroom. Studio 1 comprises: an open kitchen, twin beds plus sofa bed, a renovated bathroom and access to the garden, terrace, and BBQ area. Studio 2 comprises: a kitchenette, twin beds, bathroom, and access to a private terrace with BBQ area. Studio 3 (1st Floor) comprises: a fully renovated kitchen, twin beds with renovated bathroom and access to a private terrace. The Cottage comprises an open plan kitchen, a cosy living room with exposed wooden beams in the sealing, bathroom, and a bedroom with twin beds.

There s a sofa bed for 2 in the living room. If you are looking for a great investment opportunity or a wonderful place to live plus the bonus of a good rental income, contact us today for more information.
The B&B consists of a villa, 3 studios and a cottage, a large land with swimming pool. Perfectly located in an elevated position in a quiet location close to the beach and town, the property overlooks Montinhos da Luz and its valley. The property has a holiday rental license. This elegant quinta sits on an elevated plot in a quiet location, enjoying privacy, tranquillity with valley views over Montinhos da Luz. A rare opportunity to purchase this turnkey property on a unique location between Burgau and Praia da Luz and only 10 minutes by car from Lagos. The quinta is a detached property with tremendous space (5,000 sqm) and situated in an extremely sought-after location, close to several (international) schools and golf courses. The property has been a holiday home for the current owners who renovated it in 2018.

They enjoyed the property themselves and, in recent years, have benefited from a high rental income. It consists of a 4-bedroom villa, three studios and a detached one-bedroom cottage with their own private entrances and each with a private outside area. Sleeps 21 people in 8 bedrooms total. Entering the gateway, into a long, beautiful driveway surrounded by vines, this spacious property is a delight to the eye.

In the villa, a hallway leads directly to the bright bedrooms downstairs. From here large doors open on to the terraces, with many shaded lounge areas and views over the beautiful garden and pool area. There are two spacious en-suite bedrooms on the ground floor and two bedrooms that share a bathroom. The 1st floor of the villa comprises a light-filled living room and open plan kitchen.

and access to a large terrace overlooking the south facing pool. The tall windows provide space and light throughout. This beautifully presented villa is great for entertaining and perfectly suited as a permanent family residence or a holiday home with great rental potential. In this building there are also three separate studios. The 1-bedroom cottage is detached and has a private garden. There is a large garage for storage that fits two cars and there's parking space for eight cars outside. More details: The villa: the top floor has an open plan modern kitchen with breakfast bar and a spacious living/dining area with a pellet burner for the colder evenings.

Both the kitchen and the living/dining area have direct access to the terraces where you can enjoy the sun. There are four bedrooms of which two of them with ensuite bathroom. The other two share a separate family bathroom. Studio 1 comprises: an open kitchen, twin beds plus sofa bed, a renovated bathroom and access to the garden, terrace, and BBQ area. Studio 2 comprises: a kitchenette, twin beds, bathroom, and access to a private terrace with BBQ area. Studio 3 (1st Floor) comprises: a fully renovated kitchen, twin beds with renovated bathroom and access to a private terrace. The Cottage comprises an open plan kitchen, a cosy living room with exposed wooden beams in the sealing, bathroom, and a bedroom with twin beds.

There s a sofa bed for 2 in the living room. If you are looking for a great investment opportunity or a wonderful place to live plus the bonus of a good rental income, contact us today for more information.
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Property on Map

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Currency Exchange

Lagos, Faro, Portugal, 8600-119 Lagos

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 €1,298,000 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
€1,298,000 £1,075,146 £1,115,566 £40,420
Property Price € €1,298,000
Minimum cost in the last six months £1,075,146
Maximum cost in the last six months £1,115,566
Fluctuating exchange rates over the last six months could have increased the cost of this property by £40,420

Lagos, Faro, Portugal, 8600-119 Lagos

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 €1,298,000 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
€1,298,000 £1,075,146 £1,115,566 £40,420
Property Price € €1,298,000
Minimum cost in the last six months £1,075,146
Maximum cost in the last six months £1,115,566
Fluctuating exchange rates over the last six months could have increased the cost of this property by £40,420

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 £40,420 more.

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