Lagos - 2-bed apartment near the historical centre

Lagos, Faro, Portugal

For Sale

€359,000

REF: 737977 €359,000


2

2

Description

Fabulous apartment with 2-beds & 2-baths located next to the historical centre of town. This beautiful 2-bed apartment is very well located in a traditional neighbourhood right behind the old wall's of the historical centre. Within a small block at the end of a cul-de-sac street, and overlooking park land in a peaceful spot right in the town.

The apartment has a spacious entrance hall that opens up to a sunny living room leading on to a large terrace with views of the park to the back. To the left of the entrance is the kitchen with dishwasher, electric oven & cook top, plus American style fridge/freezer. There is also a storage pantry, and a small enclosed terrace with washing machine and more storage area off the kitchen.

Across from the kitchen is the shared family bathroom and at the end of the hall are two double bedrooms, one with en-suite bathroom. Several renovations and redecorating have been done in recent years, whilst maintaining some of the original Portuguese features such as the traditional wall tiles in the entrance & hall.

Air conditioning installed in the en-suite bedroom and living room, and both bedrooms have ceiling fans. The apartment has an AL licence, and is a very successful rental property. First floor, no elevator.
Fabulous apartment with 2-beds & 2-baths located next to the historical centre of town. This beautiful 2-bed apartment is very well located in a traditional neighbourhood right behind the old wall's of the historical centre. Within a small block at the end of a cul-de-sac street, and overlooking park land in a peaceful spot right in the town.

The apartment has a spacious entrance hall that opens up to a sunny living room leading on to a large terrace with views of the park to the back. To the left of the entrance is the kitchen with dishwasher, electric oven & cook top, plus American style fridge/freezer. There is also a storage pantry, and a small enclosed terrace with washing machine and more storage area off the kitchen.

Across from the kitchen is the shared family bathroom and at the end of the hall are two double bedrooms, one with en-suite bathroom. Several renovations and redecorating have been done in recent years, whilst maintaining some of the original Portuguese features such as the traditional wall tiles in the entrance & hall.

Air conditioning installed in the en-suite bedroom and living room, and both bedrooms have ceiling fans. The apartment has an AL licence, and is a very successful rental property. First floor, no elevator.
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Property on Map

#A/06010

Currency Exchange

Lagos, Faro, 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 €359,000 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
€359,000 £297,363 £308,543 £11,179
Property Price € €359,000
Minimum cost in the last six months £297,363
Maximum cost in the last six months £308,543
Fluctuating exchange rates over the last six months could have increased the cost of this property by £11,179

Lagos, Faro, 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 €359,000 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
€359,000 £297,363 £308,543 £11,179
Property Price € €359,000
Minimum cost in the last six months £297,363
Maximum cost in the last six months £308,543
Fluctuating exchange rates over the last six months could have increased the cost of this property by £11,179

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 £11,179 more.

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