Seaview villa in Praia da Luz

Lagos, Faro, Portugal

For Sale

€2,995,000

REF: 814497 €2,995,000


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5

Description

A spectacular gem of a property in the heart of Praia da Luz, an oasis of peace & tranquillity set on 3815m2 of land that is only steps away from the lively heart of the village and its stunning beach. The main house is representative of a classic traditional Portuguese style villa, built in 1970 and with an area of 199m2, is loaded with charm & character.

On entering, a small entrance hall opens up to a sunny south facing living room / dining area with vaulted ceilings and large patio doors leading out to the terrace and pool area. The open plan dining area includes a large family style table and built-in seating for enjoying those special times with family & friends.

A fireplace with woodburning unit graces one end of the living room, and additionally 2 air conditioning units have been installed for added comfort on those warm Algarve summer nights or cool winter evenings. To the left of the main entrance off the living area, are 2 ensuite bedrooms plus the office: one ensuite double bedroom with access to its own small terrace with views of the sea and Rocha Negra , followed next by the office that could easily be used as a small bedroom.

The master bedroom ensuite is located to the front, with wide patio door windows looking out to more stunning sea views. A 4th en-suite bedroom, is on the west side of the house and adjoins a small patio / garden area to the side. Tucked away at the back of the property is the annex, a more recent addition to the property adding a further 130,5m2 of space.

The ground level opens up to an extensive yoga studio with sunny windows overlooking the Japanese garden with tranquil water feature complete with goldfish. The studio space is also used for gym equipment, and includes extensive storage cupboards, and a small wash room. The 1st floor consists of a one bedroom suite with floor to ceiling windows, dark wood flooring, marble bathroom with walk-in shower, white lacquer cupboards, and dressing room.

Leading off to the side is a roof terrace with decking, perfect for taking in the sun & seaviews any time of day. Airconditioning is installed throughout on both levels. Connected to the annex is the double garage and storage area, and large laundry room. The original single garage and spacious cobble stone drive offers plenty of additional parking and more storage. The gardens are a delight, with a sweeping lawn running down from the pool to the front border of the land, and dotted with flowering plants and fruit trees.

A well established hedge provides privacy on all sides, and automatic security gates have been installed. An additional advantage to this beautiful property is the potential to split the plot into 2, and have an additional villa plot for construction. An opportunity to do a project, or sell off the plot.
A spectacular gem of a property in the heart of Praia da Luz, an oasis of peace & tranquillity set on 3815m2 of land that is only steps away from the lively heart of the village and its stunning beach. The main house is representative of a classic traditional Portuguese style villa, built in 1970 and with an area of 199m2, is loaded with charm & character.

On entering, a small entrance hall opens up to a sunny south facing living room / dining area with vaulted ceilings and large patio doors leading out to the terrace and pool area. The open plan dining area includes a large family style table and built-in seating for enjoying those special times with family & friends.

A fireplace with woodburning unit graces one end of the living room, and additionally 2 air conditioning units have been installed for added comfort on those warm Algarve summer nights or cool winter evenings. To the left of the main entrance off the living area, are 2 ensuite bedrooms plus the office: one ensuite double bedroom with access to its own small terrace with views of the sea and Rocha Negra , followed next by the office that could easily be used as a small bedroom.

The master bedroom ensuite is located to the front, with wide patio door windows looking out to more stunning sea views. A 4th en-suite bedroom, is on the west side of the house and adjoins a small patio / garden area to the side. Tucked away at the back of the property is the annex, a more recent addition to the property adding a further 130,5m2 of space.

The ground level opens up to an extensive yoga studio with sunny windows overlooking the Japanese garden with tranquil water feature complete with goldfish. The studio space is also used for gym equipment, and includes extensive storage cupboards, and a small wash room. The 1st floor consists of a one bedroom suite with floor to ceiling windows, dark wood flooring, marble bathroom with walk-in shower, white lacquer cupboards, and dressing room.

Leading off to the side is a roof terrace with decking, perfect for taking in the sun & seaviews any time of day. Airconditioning is installed throughout on both levels. Connected to the annex is the double garage and storage area, and large laundry room. The original single garage and spacious cobble stone drive offers plenty of additional parking and more storage. The gardens are a delight, with a sweeping lawn running down from the pool to the front border of the land, and dotted with flowering plants and fruit trees.

A well established hedge provides privacy on all sides, and automatic security gates have been installed. An additional advantage to this beautiful property is the potential to split the plot into 2, and have an additional villa plot for construction. An opportunity to do a project, or sell off the plot.
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Property on Map

#M/06048

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 €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 £2,480,788 £2,574,053 £93,264
Property Price € €2,995,000
Minimum cost in the last six months £2,480,788
Maximum cost in the last six months £2,574,053
Fluctuating exchange rates over the last six months could have increased the cost of this property by £93,264

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 €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 £2,480,788 £2,574,053 £93,264
Property Price € €2,995,000
Minimum cost in the last six months £2,480,788
Maximum cost in the last six months £2,574,053
Fluctuating exchange rates over the last six months could have increased the cost of this property by £93,264

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 £93,264 more.

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