The home has an official Letting Licence and works fantastically as a guesthouse, but can also easily be used as a large single family home

Lagos, Algarve, Portugal, 8600-308

For Sale

€1,500,000

£1,249,001
REF: 522763 €1,500,000

8

11


298 m2

1320 m2

Description

The home has an official Letting Licence and works fantastically as a guesthouse, but can also easily be used as a large single family home. Accommodation is spread over 2 levels. The ground floor hosts the entrance hall, along with an open plan living / dining / kitchen area that flows easily to the sun terrace and pool. This level also hosts 5 guest suites, all with built in wardrobes and private en suite bathrooms.

3 of the suites have direct access to the pool terrace and 2 of the suites face to the courtyard. Upstairs are another 3 guest suites, 2 of them have private balconies, and all offer built in wardrobes and private en suite bathrooms. All guest rooms area also equipped with a minibar, microwave and safe. The grounds are beautifully manicured and there is fantastic privacy around the pool and all of the gardens.

The home is fully walled and gated, with plenty of exterior parking. Further features include a summer kitchen and outdoor dining area, a laundry, plus reverse conditioning for both heating and cooling, solar panels for hot water and quality double glazed windows. Water is via a registered borehole, making this home fantastically affordable to run. This property offers a fantastic opportunity and viewings are highly recommended!
The home has an official Letting Licence and works fantastically as a guesthouse, but can also easily be used as a large single family home. Accommodation is spread over 2 levels. The ground floor hosts the entrance hall, along with an open plan living / dining / kitchen area that flows easily to the sun terrace and pool. This level also hosts 5 guest suites, all with built in wardrobes and private en suite bathrooms.

3 of the suites have direct access to the pool terrace and 2 of the suites face to the courtyard. Upstairs are another 3 guest suites, 2 of them have private balconies, and all offer built in wardrobes and private en suite bathrooms. All guest rooms area also equipped with a minibar, microwave and safe. The grounds are beautifully manicured and there is fantastic privacy around the pool and all of the gardens.

The home is fully walled and gated, with plenty of exterior parking. Further features include a summer kitchen and outdoor dining area, a laundry, plus reverse conditioning for both heating and cooling, solar panels for hot water and quality double glazed windows. Water is via a registered borehole, making this home fantastically affordable to run. This property offers a fantastic opportunity and viewings are highly recommended!
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Currency Exchange

Lagos, Algarve, Portugal, 8600-308

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 €1,500,000 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
€1,500,000 £1,242,465 £1,289,175 £46,710
Property Price € €1,500,000
Minimum cost in the last six months £1,242,465
Maximum cost in the last six months £1,289,175
Fluctuating exchange rates over the last six months could have increased the cost of this property by £46,710

Lagos, Algarve, Portugal, 8600-308

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 €1,500,000 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
€1,500,000 £1,242,465 £1,289,175 £46,710
Property Price € €1,500,000
Minimum cost in the last six months £1,242,465
Maximum cost in the last six months £1,289,175
Fluctuating exchange rates over the last six months could have increased the cost of this property by £46,710

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 £46,710 more.

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