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The entrance to the property is made through an electric gate with remote control giving access to the private garage, extra parking area and to the main entrance door
Lagos, Algarve, Portugal, 8600-361
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REF: 885670
€1,395,000
Description
The entrance to the property is made through an electric gate with remote control giving access to the private garage, extra parking area and to the main entrance door.
The villa is spread over 4 floors comprising on the top floor with a one-bedroom penthouse apartment, with a large living room with access to a sunny south facing balcony, a fully equipped kitchen and a separate toilet and shower area for guests.
Going down to the level below you will find another 2 bedrooms, both ensuite with access to private balconies. Through the interior staircase we will access again another level with 2 more ensuite bedrooms with their south facing sunny terraces and direct access to the pool area.
The lower level of the villa, we will find the large basement, converted into extra accommodation, there are 2 more large double bedrooms with a shared bathroom and an open plan living and kitchen area and a large storage room. The lower level is where we can find the gardens, pool area and decking terraced areas.
Both the pool and decking have been completely refurbished in 2024. There is also space for sunbathing, sitting areas and a BBQ to full enjoy the sunny days.
Additional features: two entrances from two streets, a newly fitted roof, solar panels, double glazing, electric shutters, a pool cover for ease of maintenance and all year-round swimming.
This property is ideal for a relaxed holiday home with potential as a rental income property.
The entrance to the property is made through an electric gate with remote control giving access to the private garage, extra parking area and to the main entrance door.
The villa is spread over 4 floors comprising on the top floor with a one-bedroom penthouse apartment, with a large living room with access to a sunny south facing balcony, a fully equipped kitchen and a separate toilet and shower area for guests.
Going down to the level below you will find another 2 bedrooms, both ensuite with access to private balconies. Through the interior staircase we will access again another level with 2 more ensuite bedrooms with their south facing sunny terraces and direct access to the pool area.
The lower level of the villa, we will find the large basement, converted into extra accommodation, there are 2 more large double bedrooms with a shared bathroom and an open plan living and kitchen area and a large storage room. The lower level is where we can find the gardens, pool area and decking terraced areas.
Both the pool and decking have been completely refurbished in 2024. There is also space for sunbathing, sitting areas and a BBQ to full enjoy the sunny days.
Additional features: two entrances from two streets, a newly fitted roof, solar panels, double glazing, electric shutters, a pool cover for ease of maintenance and all year-round swimming.
This property is ideal for a relaxed holiday home with potential as a rental income property.
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Currency Exchange
Lagos, Algarve, Portugal, 8600-361
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 €1,395,000 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 |
|---|---|---|---|
| €1,395,000 | £1,155,492 | £1,198,933 | £43,440 |
| Property Price € | €1,395,000 |
| Minimum cost in the last six months | £1,155,492 |
| Maximum cost in the last six months | £1,198,933 |
| Fluctuating exchange rates over the last six months could have increased the cost of this property by | £43,440 |
Lagos, Algarve, Portugal, 8600-361
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 €1,395,000 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 |
|---|---|---|---|
| €1,395,000 | £1,155,492 | £1,198,933 | £43,440 |
| Property Price € | €1,395,000 |
| Minimum cost in the last six months | £1,155,492 |
| Maximum cost in the last six months | £1,198,933 |
| Fluctuating exchange rates over the last six months could have increased the cost of this property by | £43,440 |
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 £43,440 more.
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