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Large plot with approved project for 11 bedroom guest house, for sale Lagos, Algarve
Lagos, Portugal
REF: 733426
€1,150,000
Description
Tucked away in the greenery of Praia da Luz s scenic valley, this property presents an exceptional opportunity for those with a vision of creating a bespoke guest house in one of the Algarve s most sought-after locations. Just a short stroll from the beach and the charming center of Praia da Luz, this property is ideally positioned to attract visitors seeking a peaceful seaside getaway. Its proximity to the renowned Boavista golf course adds another dimension, making it an appealing choice for golf enthusiasts. For those who enjoy a vibrant atmosphere, the historic town of Lagos is a mere 10-minute drive away, offering an array of shops, restaurants, and cultural attractions. Additionally, the unspoiled beauty of the Algarve s west coast is within easy reach, providing endless opportunities for exploration and adventure. The approved project significantly simplifies the path to transforming this plot into a thriving guest house. With plans in place for 11 en-suite bedrooms and an elegant dining area, the groundwork for success is already laid. This project allows for a seamless blend of style and functionality, ensuring the future guest house can cater to a range of visitors. Praia da Luz s mix of traditional charm and modern amenities makes it a perennial favorite among travelers. Its cobbled streets, stunning coastline, and welcoming ambiance create the perfect setting for a guest house designed to provide comfort and relaxation. Guests can enjoy the convenience of being close to the beach while having easy access to activities like hiking, surfing, or exploring the vibrant local culture. This property is more than just a plot of land; it s a gateway to limitless possibilities. Imagine creating a thriving business surrounded by natural beauty and close to all the attractions that make the Algarve such a sought-after destination. With the potential to attract a diverse clientele, from families on vacation to couples seeking a romantic getaway or travelers exploring the wonders of southern Portugal, the possibilities for success are immense.
Tucked away in the greenery of Praia da Luz s scenic valley, this property presents an exceptional opportunity for those with a vision of creating a bespoke guest house in one of the Algarve s most sought-after locations. Just a short stroll from the beach and the charming center of Praia da Luz, this property is ideally positioned to attract visitors seeking a peaceful seaside getaway. Its proximity to the renowned Boavista golf course adds another dimension, making it an appealing choice for golf enthusiasts. For those who enjoy a vibrant atmosphere, the historic town of Lagos is a mere 10-minute drive away, offering an array of shops, restaurants, and cultural attractions. Additionally, the unspoiled beauty of the Algarve s west coast is within easy reach, providing endless opportunities for exploration and adventure. The approved project significantly simplifies the path to transforming this plot into a thriving guest house. With plans in place for 11 en-suite bedrooms and an elegant dining area, the groundwork for success is already laid. This project allows for a seamless blend of style and functionality, ensuring the future guest house can cater to a range of visitors. Praia da Luz s mix of traditional charm and modern amenities makes it a perennial favorite among travelers. Its cobbled streets, stunning coastline, and welcoming ambiance create the perfect setting for a guest house designed to provide comfort and relaxation. Guests can enjoy the convenience of being close to the beach while having easy access to activities like hiking, surfing, or exploring the vibrant local culture. This property is more than just a plot of land; it s a gateway to limitless possibilities. Imagine creating a thriving business surrounded by natural beauty and close to all the attractions that make the Algarve such a sought-after destination. With the potential to attract a diverse clientele, from families on vacation to couples seeking a romantic getaway or travelers exploring the wonders of southern Portugal, the possibilities for success are immense.
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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 €1,150,000 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 |
|---|---|---|---|
| €1,150,000 | £947,485 | £975,315 | £27,830 |
| Property Price € | €1,150,000 |
| Minimum cost in the last six months | £947,485 |
| Maximum cost in the last six months | £975,315 |
| Fluctuating exchange rates over the last six months could have increased the cost of this property by | £27,830 |
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 €1,150,000 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 |
|---|---|---|---|
| €1,150,000 | £947,485 | £975,315 | £27,830 |
| Property Price € | €1,150,000 |
| Minimum cost in the last six months | £947,485 |
| Maximum cost in the last six months | £975,315 |
| Fluctuating exchange rates over the last six months could have increased the cost of this property by | £27,830 |
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 £27,830 more.
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