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Fabulous Villa of Distinction with Sea Views in Praia da Luz
Lagos, Faro, Portugal, 8600-136
REF: 733902
€1,495,000
Description
This villa represents a great opportunity to acquire a prestigious family home with pool on a quiet location in Praia da Luz. Property Ref: 242LUZ
Fabulous Gated 5-Bedroom Villa of Distinction with Sea Views in Praia da Luz
This Villa in Luz represents a great opportunity to acquire a prestigious family home. It is positioned within a cul-de-sac and enjoys a quiet location in the Monte Lemos suburb.
Construction area: 250 m2
Plot: 950 m2
Construction year: 2007 (recently renovated)
Energy rating: C
Price: 1,495,000
The design and construction of this villa has been given considerable thought with a spacious open plan sitting/dining room and enclosed, well equipped, kitchen on the upper floor. The views from the terraces are superb offering a panorama over the village and ocean beyond. The outdoor space, at this level, allows for a large table enabling al fresco dining.
On entering the property, there is a spacious hallway giving a great sense of light and space with feature stone flooring that continues throughout the property. There are 5 double bedrooms and 5 luxury modern bathrooms.
Stairs lead to the basement, where a double garage can be found along with flexible accommodation. Additionally, there is a laundry, shower room and games room. The basement benefits from an independent entrance, allowing this large space to work as a separate apartment. Plumbing is already in place for the installation of a kitchen.
The mature gardens surround the property and have been planted with low maintenance in mind. The pool terrace has a shaded area with a barbecue kitchen, set up to benefit from outdoor dining and relaxation.
This property has been built to a high specification with underfloor heating, air-conditioning, an integrated sound system, electric blinds, alarm system, solar panels, central vacuum, and a salt-water heated pool.
This Villa in Luz must be viewed to be truly appreciated. Please call us to make your appointment.
This villa represents a great opportunity to acquire a prestigious family home with pool on a quiet location in Praia da Luz. Property Ref: 242LUZ
Fabulous Gated 5-Bedroom Villa of Distinction with Sea Views in Praia da Luz
This Villa in Luz represents a great opportunity to acquire a prestigious family home. It is positioned within a cul-de-sac and enjoys a quiet location in the Monte Lemos suburb.
Construction area: 250 m2
Plot: 950 m2
Construction year: 2007 (recently renovated)
Energy rating: C
Price: 1,495,000
The design and construction of this villa has been given considerable thought with a spacious open plan sitting/dining room and enclosed, well equipped, kitchen on the upper floor. The views from the terraces are superb offering a panorama over the village and ocean beyond. The outdoor space, at this level, allows for a large table enabling al fresco dining.
On entering the property, there is a spacious hallway giving a great sense of light and space with feature stone flooring that continues throughout the property. There are 5 double bedrooms and 5 luxury modern bathrooms.
Stairs lead to the basement, where a double garage can be found along with flexible accommodation. Additionally, there is a laundry, shower room and games room. The basement benefits from an independent entrance, allowing this large space to work as a separate apartment. Plumbing is already in place for the installation of a kitchen.
The mature gardens surround the property and have been planted with low maintenance in mind. The pool terrace has a shaded area with a barbecue kitchen, set up to benefit from outdoor dining and relaxation.
This property has been built to a high specification with underfloor heating, air-conditioning, an integrated sound system, electric blinds, alarm system, solar panels, central vacuum, and a salt-water heated pool.
This Villa in Luz must be viewed to be truly appreciated. Please call us to make your appointment.
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Currency Exchange
Lagos, Faro, Portugal, 8600-136
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 €1,495,000 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 |
|---|---|---|---|
| €1,495,000 | £1,238,323 | £1,284,878 | £46,554 |
| Property Price € | €1,495,000 |
| Minimum cost in the last six months | £1,238,323 |
| Maximum cost in the last six months | £1,284,878 |
| Fluctuating exchange rates over the last six months could have increased the cost of this property by | £46,554 |
Lagos, Faro, Portugal, 8600-136
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 €1,495,000 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 |
|---|---|---|---|
| €1,495,000 | £1,238,323 | £1,284,878 | £46,554 |
| Property Price € | €1,495,000 |
| Minimum cost in the last six months | £1,238,323 |
| Maximum cost in the last six months | £1,284,878 |
| Fluctuating exchange rates over the last six months could have increased the cost of this property by | £46,554 |
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 £46,554 more.
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