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Townhouse in the historic centre of Lagos with garage and terraces
Lagos, Faro, Portugal, 8600-743 Lagos
REF: 831706
€1,250,000
Description
Nestled in the heart of the historic centre of Lagos, this unique villa combines the charm of traditional Algarve architecture with comfort and elegance. With incredible potential to become a bed and breakfast, this property offers the perfect setting for travellers looking for an authentic and welcoming experience during their stay in the city of Lagos Set in the historic centre of Lagos, just a short distance from the city's beaches, part of this villa was renovated in 2024, keeping the original design and many of the original elements, giving it a special character. The possibilities are endless, you can use the property as your family home, monetise the whole property or monetise only part of it, as it offers 2 independent entrances.
Ground floor
- Entrance hall
- Renovated and fully equipped kitchen
- Dining room
- Living room with fireplace
- 1 en suite bedroom with balcony and views of the centre
- 1 bedroom
- Bathroom
- Laundry room
- Garage with access to basement
1st floor
- Bathroom
- 1 bedroom
- 1 en suite bedroom with access to one of the terraces overlooking the city
- Room that can be converted into a reading area or another bedroom
- Dining area with access to 2 large terraces. One with a barbecue, dining table and city wall views and the other with views of the city centre and the sea.
The comfort of living in the city centre in a property with a garage, close to various amenities such as cafés, grocery stores etc... is simply a rarity these days, so grab this opportunity and find out about your new home.
Contact us no
Nestled in the heart of the historic centre of Lagos, this unique villa combines the charm of traditional Algarve architecture with comfort and elegance. With incredible potential to become a bed and breakfast, this property offers the perfect setting for travellers looking for an authentic and welcoming experience during their stay in the city of Lagos Set in the historic centre of Lagos, just a short distance from the city's beaches, part of this villa was renovated in 2024, keeping the original design and many of the original elements, giving it a special character. The possibilities are endless, you can use the property as your family home, monetise the whole property or monetise only part of it, as it offers 2 independent entrances.
Ground floor
- Entrance hall
- Renovated and fully equipped kitchen
- Dining room
- Living room with fireplace
- 1 en suite bedroom with balcony and views of the centre
- 1 bedroom
- Bathroom
- Laundry room
- Garage with access to basement
1st floor
- Bathroom
- 1 bedroom
- 1 en suite bedroom with access to one of the terraces overlooking the city
- Room that can be converted into a reading area or another bedroom
- Dining area with access to 2 large terraces. One with a barbecue, dining table and city wall views and the other with views of the city centre and the sea.
The comfort of living in the city centre in a property with a garage, close to various amenities such as cafés, grocery stores etc... is simply a rarity these days, so grab this opportunity and find out about your new home.
Contact us no
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Property on Map
Currency Exchange
Lagos, Faro, Portugal, 8600-743 Lagos
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 €1,250,000 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 |
|---|---|---|---|
| €1,250,000 | £1,035,388 | £1,074,313 | £38,925 |
| Property Price € | €1,250,000 |
| Minimum cost in the last six months | £1,035,388 |
| Maximum cost in the last six months | £1,074,313 |
| Fluctuating exchange rates over the last six months could have increased the cost of this property by | £38,925 |
Lagos, Faro, Portugal, 8600-743 Lagos
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 €1,250,000 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 |
|---|---|---|---|
| €1,250,000 | £1,035,388 | £1,074,313 | £38,925 |
| Property Price € | €1,250,000 |
| Minimum cost in the last six months | £1,035,388 |
| Maximum cost in the last six months | £1,074,313 |
| Fluctuating exchange rates over the last six months could have increased the cost of this property by | £38,925 |
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 £38,925 more.
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