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Four bedroom villa with sea views for sale in Praia da Luz, Algarve
Lagos, Portugal
REF: 799159
€1,890,000
Description
Sea view villas in Monte Lemos are a quintessential part of Praia da Luz, and this is an opportunity to purchase a beautifully positioned villa, with beautiful sea views on a good sized, private south facing plot. With 283m2 distributed over two floors, the villa offers spacious rooms and living areas that open onto fabulous covered terraces, the garden and pool area. In addition there is 190m2 of garage, storage and laundry area. The villa could benefit from modernization and refurbishment, but it is the perfect canvas to work with, with good construction and a good layout for a base. Part of a quiet and exclusive residential area, walking distance to the beach and center and a short drive to 3 golf courses, and the breathtaking Western Algarve Natural Park, could make the perfect holiday home, as well as peramanent, with high letting potential.
Sea view villas in Monte Lemos are a quintessential part of Praia da Luz, and this is an opportunity to purchase a beautifully positioned villa, with beautiful sea views on a good sized, private south facing plot. With 283m2 distributed over two floors, the villa offers spacious rooms and living areas that open onto fabulous covered terraces, the garden and pool area. In addition there is 190m2 of garage, storage and laundry area. The villa could benefit from modernization and refurbishment, but it is the perfect canvas to work with, with good construction and a good layout for a base. Part of a quiet and exclusive residential area, walking distance to the beach and center and a short drive to 3 golf courses, and the breathtaking Western Algarve Natural Park, could make the perfect holiday home, as well as peramanent, with high letting potential.
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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 €1,890,000 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 |
|---|---|---|---|
| €1,890,000 | £1,565,506 | £1,624,361 | £58,855 |
| Property Price € | €1,890,000 |
| Minimum cost in the last six months | £1,565,506 |
| Maximum cost in the last six months | £1,624,361 |
| Fluctuating exchange rates over the last six months could have increased the cost of this property by | £58,855 |
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 €1,890,000 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 |
|---|---|---|---|
| €1,890,000 | £1,565,506 | £1,624,361 | £58,855 |
| Property Price € | €1,890,000 |
| Minimum cost in the last six months | £1,565,506 |
| Maximum cost in the last six months | £1,624,361 |
| Fluctuating exchange rates over the last six months could have increased the cost of this property by | £58,855 |
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 £58,855 more.
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