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House T4 Sell in Lagos (S o Sebasti o e Santa Maria),Lagos
Lagos, Portugal
REF: 570690
€1,300,000
Description
Have you ever considered buying a property from 1899, well located in the historic centre of Lagos, and immediately being able to have a return on two commercial spaces? This is your opportunity!This amazing property, which is divided into 3 floors, has two independent shops on the ground floor (in full operation), a residential area on the 1st floor with several rooms and on the 3rd floor an attic and terrace overlooking the city.The property, which requires renovation, has several bedrooms, sanitary installations, a kitchen and a private yard with several storage areas.Ideal to transform into a hostel or B&B right in the city centre, close to the main sights, cafes, restaurants and beaches, or to simply transform into your dream home in a unique area of Lagos.Famous for its golden coastline, stunning beaches and bustling atmosphere, Lagos is one of the most popular tourist destinations in the Algarve. Its charming historical centre is lined with cobbled streets, and home to a variety of different eateries, shops and entertainment venues. Lagos boasts an award-winning Marina, situated on the other side of the Ribeira de Bensafrim, and a number of leading golf courses and clubs.Don t miss this opportunity, get in touch for more information!
Have you ever considered buying a property from 1899, well located in the historic centre of Lagos, and immediately being able to have a return on two commercial spaces? This is your opportunity!This amazing property, which is divided into 3 floors, has two independent shops on the ground floor (in full operation), a residential area on the 1st floor with several rooms and on the 3rd floor an attic and terrace overlooking the city.The property, which requires renovation, has several bedrooms, sanitary installations, a kitchen and a private yard with several storage areas.Ideal to transform into a hostel or B&B right in the city centre, close to the main sights, cafes, restaurants and beaches, or to simply transform into your dream home in a unique area of Lagos.Famous for its golden coastline, stunning beaches and bustling atmosphere, Lagos is one of the most popular tourist destinations in the Algarve. Its charming historical centre is lined with cobbled streets, and home to a variety of different eateries, shops and entertainment venues. Lagos boasts an award-winning Marina, situated on the other side of the Ribeira de Bensafrim, and a number of leading golf courses and clubs.Don t miss this opportunity, get in touch for more information!
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Currency Exchange
Lagos, 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 €1,300,000 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 |
|---|---|---|---|
| €1,300,000 | £1,071,070 | £1,117,285 | £46,215 |
| Property Price € | €1,300,000 |
| Minimum cost in the last six months | £1,071,070 |
| Maximum cost in the last six months | £1,117,285 |
| Fluctuating exchange rates over the last six months could have increased the cost of this property by | £46,215 |
Lagos, 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 €1,300,000 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 |
|---|---|---|---|
| €1,300,000 | £1,071,070 | £1,117,285 | £46,215 |
| Property Price € | €1,300,000 |
| Minimum cost in the last six months | £1,071,070 |
| Maximum cost in the last six months | £1,117,285 |
| Fluctuating exchange rates over the last six months could have increased the cost of this property by | £46,215 |
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 £46,215 more.
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