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The villa is in need of some restoration hence the price
Lagos, Faro, Portugal
REF: 801191
€745,000
Description
The villa is in need of some restoration hence the price. Similar renovated sized villas in the area are exceeding €1m. The owners are keen to sell as already purchasing another property. A quiet cul de sac in a residential area of Praia da Luz, 4 bedroom , 3 bathrooms + 1 outside. Its within walking distance of the beach and all the amenities that Praia da Luz has to offer. Public transport less than 5 minutes walk, Lagos marina is less than a 15 minute drive away, Boavista golf course is less than 10 minutes and 50 Minutes from Faro airport. The villas plot size is 1000m2 plot and is very private with beautiful gardens. Entry to the property is through a large gate and driveway that leads to this beautiful villa. On the lower floor, the entrance hall is open to a large living room with fireplace and dining room. The living room has direct access to the garden facing southwest and to the pool area. The outside bar complements the area and makes it perfect for outside living. Next to the dining room there is a fully equipped kitchen and a separate laundry room. On this floor you will also find two large bedrooms, one of which is ensuite and a family bathroom. On the first floor you will find a large master bedroom with direct access to the balcony, overlooking the pool and garden. The second bedroom has a separate bathroom. The property is equipped with air conditioning and has a garage and plenty of parking space #ref: 114194
The villa is in need of some restoration hence the price. Similar renovated sized villas in the area are exceeding €1m. The owners are keen to sell as already purchasing another property. A quiet cul de sac in a residential area of Praia da Luz, 4 bedroom , 3 bathrooms + 1 outside. Its within walking distance of the beach and all the amenities that Praia da Luz has to offer. Public transport less than 5 minutes walk, Lagos marina is less than a 15 minute drive away, Boavista golf course is less than 10 minutes and 50 Minutes from Faro airport. The villas plot size is 1000m2 plot and is very private with beautiful gardens. Entry to the property is through a large gate and driveway that leads to this beautiful villa. On the lower floor, the entrance hall is open to a large living room with fireplace and dining room. The living room has direct access to the garden facing southwest and to the pool area. The outside bar complements the area and makes it perfect for outside living. Next to the dining room there is a fully equipped kitchen and a separate laundry room. On this floor you will also find two large bedrooms, one of which is ensuite and a family bathroom. On the first floor you will find a large master bedroom with direct access to the balcony, overlooking the pool and garden. The second bedroom has a separate bathroom. The property is equipped with air conditioning and has a garage and plenty of parking space #ref: 114194
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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 €745,000 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 |
|---|---|---|---|
| €745,000 | £613,806 | £640,290 | £26,485 |
| Property Price € | €745,000 |
| Minimum cost in the last six months | £613,806 |
| Maximum cost in the last six months | £640,290 |
| Fluctuating exchange rates over the last six months could have increased the cost of this property by | £26,485 |
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 €745,000 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 |
|---|---|---|---|
| €745,000 | £613,806 | £640,290 | £26,485 |
| Property Price € | €745,000 |
| Minimum cost in the last six months | £613,806 |
| Maximum cost in the last six months | £640,290 |
| Fluctuating exchange rates over the last six months could have increased the cost of this property by | £26,485 |
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 £26,485 more.
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