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1 bedroom apartment in the Historic Center of Lagos
Lagos, Faro, Portugal
REF: 816785
€175,000
Description
This charming apartment is conveniently located on Travessa 1 de Maio, in the heart of the historic center of Lagos, Algarve. Its strategic location puts it within walking distance of all local amenities, including restaurants, shops, cafes and public transport.The apartment consists of an entrance hall, very bright kitchen with balcony, living room with balcony over the city, bedroom with wardrobe, plus an extra wardrobe in the hall and bathroom with window. The outdoor space provides an ideal place to enjoy the Algarve's mild climate and take in the panoramic views over the city's historic rooftops and picturesque streets. The apartment is currently in habitable condition, offering a unique opportunity to carry out a renovation according to your personal tastes and needs. This allows you to customize the space according to your own lifestyle, transforming it into a true home.Living in this apartment offers the convenience of having everything at your fingertips. Centrally located, all essential amenities are within walking distance, from supermarkets to cultural and leisure centers. Furthermore, the proximity to the beaches allows you to easily enjoy the crystal-clear sea and golden sands of the Algarve coast.This apartment presents itself as an excellent investment opportunity, whether you are considering purchasing it as a permanent residence, holiday home or for rental purposes. Its privileged location, combined with the possibility of remodeling, increases its potential for appreciation over time, providing a solid and safe investment.Don't miss the opportunity to live in the vibrant city center of Lagos, where history, culture and stunning beaches are on your doorstep. Schedule a visit today to discover the potential of this charming 1 bedroom apartment in Travessa 1 de Maio.
This charming apartment is conveniently located on Travessa 1 de Maio, in the heart of the historic center of Lagos, Algarve. Its strategic location puts it within walking distance of all local amenities, including restaurants, shops, cafes and public transport.The apartment consists of an entrance hall, very bright kitchen with balcony, living room with balcony over the city, bedroom with wardrobe, plus an extra wardrobe in the hall and bathroom with window. The outdoor space provides an ideal place to enjoy the Algarve's mild climate and take in the panoramic views over the city's historic rooftops and picturesque streets. The apartment is currently in habitable condition, offering a unique opportunity to carry out a renovation according to your personal tastes and needs. This allows you to customize the space according to your own lifestyle, transforming it into a true home.Living in this apartment offers the convenience of having everything at your fingertips. Centrally located, all essential amenities are within walking distance, from supermarkets to cultural and leisure centers. Furthermore, the proximity to the beaches allows you to easily enjoy the crystal-clear sea and golden sands of the Algarve coast.This apartment presents itself as an excellent investment opportunity, whether you are considering purchasing it as a permanent residence, holiday home or for rental purposes. Its privileged location, combined with the possibility of remodeling, increases its potential for appreciation over time, providing a solid and safe investment.Don't miss the opportunity to live in the vibrant city center of Lagos, where history, culture and stunning beaches are on your doorstep. Schedule a visit today to discover the potential of this charming 1 bedroom apartment in Travessa 1 de Maio.
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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 €175,000 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 |
|---|---|---|---|
| €175,000 | £145,579 | £150,609 | £5,030 |
| Property Price € | €175,000 |
| Minimum cost in the last six months | £145,579 |
| Maximum cost in the last six months | £150,609 |
| Fluctuating exchange rates over the last six months could have increased the cost of this property by | £5,030 |
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 €175,000 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 |
|---|---|---|---|
| €175,000 | £145,579 | £150,609 | £5,030 |
| Property Price € | €175,000 |
| Minimum cost in the last six months | £145,579 |
| Maximum cost in the last six months | £150,609 |
| Fluctuating exchange rates over the last six months could have increased the cost of this property by | £5,030 |
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 £5,030 more.
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