5 Bedroom Villa with an Annex For Sale in Praia da Luz

Lagos, Faro, Portugal, 8600-163

For Sale

€2,995,000

REF: 751702 €2,995,000

Bedrooms
5

Bathrooms
4

Description

A five-bedroom villa with a two-storey annex for sale in Luz, located just 1km from Praia da Luz and a 15-minute drive from Lagos, features a modern annex designed by architect Miguel Ferreira with a yoga/gym room, bedroom with sea view terrace, and ...

A five-bedroom villa with a two-storey annex for sale in Luz, located just 1km from Praia da Luz and a 15-minute drive from Lagos, features a modern annex designed by architect Miguel Ferreira with a yoga/gym room, bedroom with sea view terrace, and en-suite bathroom. The main villa, sold furnished, has three en-suite bedrooms, a fitted kitchen, office/bedroom, and open plan living room with fireplace, leading to a large terrace overlooking the garden and pool.

Both properties have habitation .. This five bedroom villa with a two-storey annex for sale in Luz is situated just 1km away from the picturesque Praia da Luz and approximately a 15 minute drive from the popular centre of Lagos. The two-storey annex was designed with a modern contemporary style in mind by the award winning architect, Miguel Ferreira, and comprises an open plan yoga/gym room on the ground floor along with a laundry/kitchenette area and storage space.

Upstairs, there is a modern bedroom with a private terrace offering sea views, and an en-suite bathroom equipped with a large, walk-in shower. Across from the annex is the main villa, sold furnished, this comprises three en-suite bedrooms, a fitted kitchen, an office currently being used as a bedroom, an open plan living room with a fireplace and dining area plus direct access to a large terrace offering views of the gardens and swimming pool.

In addition to the swimming pool and large gardens, there is an outdoor barbecue with its own dining area. Something to note is that the main building originally spanned 199m2, but with the addition of a bedroom, it now extends to 212m2, meanwhile the annex is 130,50m2 and both properties have habitation licenses.

Additional features include: Air-conditioning, private parking / garage, a laundry area / kitchenette in the annex, storage rooms, manual and electric shutters. Situated just 1km (four minutes) from Luz, a place known for its perfect mix of history and modernity, making it a charming coastal retreat, it offers plenty of opportunities for fun activities, delicious local food, and a laid-back coastal atmosphere.

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Property on Map

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Currency Exchange

Lagos, Faro, Portugal, 8600-163

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 €2,995,000 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
€2,995,000	£2,467,581	£2,539,850	£72,269

Property Price €	€2,995,000
Minimum cost in the last six months	£2,467,581
Maximum cost in the last six months	£2,539,850
Fluctuating exchange rates over the last six months could have increased the cost of this property by	£72,269

Lagos, Faro, Portugal, 8600-163

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 €2,995,000 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
€2,995,000	£2,467,581	£2,539,850	£72,269

Property Price €	€2,995,000
Minimum cost in the last six months	£2,467,581
Maximum cost in the last six months	£2,539,850
Fluctuating exchange rates over the last six months could have increased the cost of this property by	£72,269

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 £72,269 more.

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