Excellent Opportunity to Acquire and Build a Property of your Dreams

Loulé, Faro, Portugal, 8135-014

For Sale

€2,200,000

REF: 867271 €2,200,000


5

6

Description

An opportunity to inherit an existing project as it is, or acquire a five bedroom villa in the prestigious Varandas do Lago, offering spacious rooms, high-quality finishes, and abundant natural light throughout, estimated to complete by Summer 2025. This luxurious villa project encompasses two floors of opulent living, will be meticulously designed for both comfort and entertainment.

The ground floor will feature an open-plan kitchen, dining, and living area, along with a bedroom with an ensuite bathroom. This level will open up to an outdoor entertainment space with a 45.75m pool and barbecue area. The basement with an allocated area of 196.8m , offers indoor spacious parking for four cars, a multipurpose games, gym and cinema room, and a dedicated wine cellar, perfect for connoisseurs. The first floor will host four additional bedrooms, each with its own ensuite bathroom and terrace access, fostering a seamless indoor-outdoor experience.

A communal terrace will provides= a shared luxurious space. The villa will also include multiple terraces, highlighted by a 159.45m roof terrace equipped with solar panels, emphasising sustainable luxury. With its blend of elegant design, functional spaces, and top-tier amenities, this villa will be an ideal retreat for sophisticated living and entertaining. The project is being sold as it is, at Є2.2M or completed at Є3.5M.

Estimated completion: Summer 2025. The Varandas do Lago development is strategically situated between the prestigious areas of Vale do Lobo and Quinta do Lago. This highly sought-after region attracts both tourists and residents due to its prime location near the beach and the area's main luxury resorts.

Residents enjoy easy access to the beaches of Vale do Garrão and the attractions of the Algarve region, as well as a variety of top-tier amenities, including golf courses, spas, restaurants, shops, and tennis clubs. Within a 5-minute drive, residents can reach Vale do Lobo and Quinta do Lago, both exclusive resorts offering beaches, golf courses, and a comprehensive range of services, such as a pharmacy, supermarket, restaurants, medical center, security, gyms, and bicycle rentals.

Faro Airport is just a 30-minute drive away, and Lisbon can be reached in 2.5 hours by car. OliveHomes.com Remember, we are different! If you are not sure about where to buy then let us help. The location is probably the most important consideration for long-term enjoyment in your new home. Or maybe you want long term capital growth? Whichever it is, whatever it is, remember we take it one step at a time.

You are on a journey with us. A journey to discover whether Portugal is right for you, whether you want coast or inland, busy or quiet, expats or locals and, of course, proximity to the local restaurant! At OliveHomes.com we start with the location and make sure that it is perfect before moving on to the property.

So, if you are not sure then please ask. We love nothing more than showing the delights that Portugal has to offer. OliveHomes.com is a dedicated and hard-working real estate company with vast experience and local knowledge within the property market, helping you to buy your perfect home or to sell your existing home.

Virtual selling is our reality. We offer our unique 'Virtual Experience' on as many properties as we can. Take a look around in your own time and you will find a fully immersive 3D experience; a 360 tour (allowing you to remotely access the property), overhead videos and floor plans. We believe in giving you as much information as possible.

Add to this our enthusiastic thirst for the perfect service and you'll see why our reviews (on both Google and our website) are so high! We like to help and take responsibility from start to finish so we can happily recommend lawyers, furniture companies, architects, surveyors, builders - nothing is too much trouble.

Need a mortgage or bank account? - let us make an appointment. At OliveHomes.com we pride ourselves in matching you to your ideal investment or holiday home in the perfect location. Turn your property purchase dream into a reality. Contact us today and let's make it happen.
An opportunity to inherit an existing project as it is, or acquire a five bedroom villa in the prestigious Varandas do Lago, offering spacious rooms, high-quality finishes, and abundant natural light throughout, estimated to complete by Summer 2025. This luxurious villa project encompasses two floors of opulent living, will be meticulously designed for both comfort and entertainment.

The ground floor will feature an open-plan kitchen, dining, and living area, along with a bedroom with an ensuite bathroom. This level will open up to an outdoor entertainment space with a 45.75m pool and barbecue area. The basement with an allocated area of 196.8m , offers indoor spacious parking for four cars, a multipurpose games, gym and cinema room, and a dedicated wine cellar, perfect for connoisseurs. The first floor will host four additional bedrooms, each with its own ensuite bathroom and terrace access, fostering a seamless indoor-outdoor experience.

A communal terrace will provides= a shared luxurious space. The villa will also include multiple terraces, highlighted by a 159.45m roof terrace equipped with solar panels, emphasising sustainable luxury. With its blend of elegant design, functional spaces, and top-tier amenities, this villa will be an ideal retreat for sophisticated living and entertaining. The project is being sold as it is, at Є2.2M or completed at Є3.5M.

Estimated completion: Summer 2025. The Varandas do Lago development is strategically situated between the prestigious areas of Vale do Lobo and Quinta do Lago. This highly sought-after region attracts both tourists and residents due to its prime location near the beach and the area's main luxury resorts.

Residents enjoy easy access to the beaches of Vale do Garrão and the attractions of the Algarve region, as well as a variety of top-tier amenities, including golf courses, spas, restaurants, shops, and tennis clubs. Within a 5-minute drive, residents can reach Vale do Lobo and Quinta do Lago, both exclusive resorts offering beaches, golf courses, and a comprehensive range of services, such as a pharmacy, supermarket, restaurants, medical center, security, gyms, and bicycle rentals.

Faro Airport is just a 30-minute drive away, and Lisbon can be reached in 2.5 hours by car. OliveHomes.com Remember, we are different! If you are not sure about where to buy then let us help. The location is probably the most important consideration for long-term enjoyment in your new home. Or maybe you want long term capital growth? Whichever it is, whatever it is, remember we take it one step at a time.

You are on a journey with us. A journey to discover whether Portugal is right for you, whether you want coast or inland, busy or quiet, expats or locals and, of course, proximity to the local restaurant! At OliveHomes.com we start with the location and make sure that it is perfect before moving on to the property.

So, if you are not sure then please ask. We love nothing more than showing the delights that Portugal has to offer. OliveHomes.com is a dedicated and hard-working real estate company with vast experience and local knowledge within the property market, helping you to buy your perfect home or to sell your existing home.

Virtual selling is our reality. We offer our unique 'Virtual Experience' on as many properties as we can. Take a look around in your own time and you will find a fully immersive 3D experience; a 360 tour (allowing you to remotely access the property), overhead videos and floor plans. We believe in giving you as much information as possible.

Add to this our enthusiastic thirst for the perfect service and you'll see why our reviews (on both Google and our website) are so high! We like to help and take responsibility from start to finish so we can happily recommend lawyers, furniture companies, architects, surveyors, builders - nothing is too much trouble.

Need a mortgage or bank account? - let us make an appointment. At OliveHomes.com we pride ourselves in matching you to your ideal investment or holiday home in the perfect location. Turn your property purchase dream into a reality. Contact us today and let's make it happen.
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Property on Map

#OHL2167

Currency Exchange

Loulé, Faro, Portugal, 8135-014

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 €2,200,000 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
€2,200,000 £1,822,282 £1,890,790 £68,508
Property Price € €2,200,000
Minimum cost in the last six months £1,822,282
Maximum cost in the last six months £1,890,790
Fluctuating exchange rates over the last six months could have increased the cost of this property by £68,508

Loulé, Faro, Portugal, 8135-014

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 €2,200,000 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
€2,200,000 £1,822,282 £1,890,790 £68,508
Property Price € €2,200,000
Minimum cost in the last six months £1,822,282
Maximum cost in the last six months £1,890,790
Fluctuating exchange rates over the last six months could have increased the cost of this property by £68,508

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 £68,508 more.

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