This superb 2 bedroom apartment and 2 separate studio apartments are situated just a short walk to Dona Ana beach, and are close to all amenities

Lagos, Algarve, Portugal, 8600-615

For Sale

€599,500

£498,545
REF: 841993 €599,500

4

4


132 m2

Description

This superb 2 bedroom apartment and 2 separate studio apartments are situated just a short walk to Dona Ana beach, and are close to all amenities. The main apartment features a lovely entrance hallway that opens in a spacious and well-furnished living/dining room. From here, doors lead out to a large terrace which has plenty of room for relaxing and outdoor entertaining. The kitchen is spacious and fully equipped, and complemented by a pantry and further terrace which serves as an outdoor utility area. There are 2 bedrooms; the master has an en-suite bathroom, while the second bedroom, currently used as an office, uses the family bathroom.

Both bedrooms have direct access to the terrace. In addition to the 2 bedroom apartment there are two separate studio apartments, one of which includes a small kitchen. The development has a communal swimming pool, and is surrounded by beautiful landscaped gardens. The apartment also has parking for a car as well as a storage area. The vendors wish to lease back the property for 3 years, giving any potential buyer a guaranteed income, as well as use of one of the studio apartments.
This superb 2 bedroom apartment and 2 separate studio apartments are situated just a short walk to Dona Ana beach, and are close to all amenities. The main apartment features a lovely entrance hallway that opens in a spacious and well-furnished living/dining room. From here, doors lead out to a large terrace which has plenty of room for relaxing and outdoor entertaining. The kitchen is spacious and fully equipped, and complemented by a pantry and further terrace which serves as an outdoor utility area. There are 2 bedrooms; the master has an en-suite bathroom, while the second bedroom, currently used as an office, uses the family bathroom.

Both bedrooms have direct access to the terrace. In addition to the 2 bedroom apartment there are two separate studio apartments, one of which includes a small kitchen. The development has a communal swimming pool, and is surrounded by beautiful landscaped gardens. The apartment also has parking for a car as well as a storage area. The vendors wish to lease back the property for 3 years, giving any potential buyer a guaranteed income, as well as use of one of the studio apartments.
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Currency Exchange

Lagos, Algarve, Portugal, 8600-615

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 €599,500 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
€599,500 £496,572 £515,240 £18,668
Property Price € €599,500
Minimum cost in the last six months £496,572
Maximum cost in the last six months £515,240
Fluctuating exchange rates over the last six months could have increased the cost of this property by £18,668

Lagos, Algarve, Portugal, 8600-615

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 €599,500 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
€599,500 £496,572 £515,240 £18,668
Property Price € €599,500
Minimum cost in the last six months £496,572
Maximum cost in the last six months £515,240
Fluctuating exchange rates over the last six months could have increased the cost of this property by £18,668

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 £18,668 more.

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