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6 bedrooms property for sale on beach front Praia da Luz, Algarve
Lagos, Portugal
REF: 890566
€1,775,000
Description
With one of the most desirable locations in Praia da Luz, right on the beach front, these two beach houses were completely renovated and unified, creating a unique and stylish property, with, as the french say, "the feet in the water". United by a spacious central patio garden, with fabulous palm trees, various sitting and lounging areas, and a beautiful mosaic mural above the 27 meter long heated pool, this property is an oasis of leisure and tranquility, on the beach, with all amenities and commerce at the doorstep. Both houses have been renovated to very high standard, with under-floor heating and air conditioning throughout, electric shutters and solar panels, and high quality tasteful finishings. "Villa areal" is the ideal beach property, with four large suites, two of which have access to a private part of the garden, exclusive to them, and the other two to the patio and pool. The living area is very bright and spacious, covering the whole of the first floor, with windows and balconies on either side, a fully fitted open kitchen, a sitting area with an open fireplace and sea views from every corner of the room. "Villa Poseidon" also has a spacious open plan living area, with a fully fitted kitchen, and two spacious suites, with a large balcony overlooking the pool and patio garden. Whether you are looking for a permanent or semi-permanent home, with separate guest accommodation, a high quality rental property, with good yield potential, or both, then this property could be ideal for you. Viewing is highly recommended.
With one of the most desirable locations in Praia da Luz, right on the beach front, these two beach houses were completely renovated and unified, creating a unique and stylish property, with, as the french say, "the feet in the water". United by a spacious central patio garden, with fabulous palm trees, various sitting and lounging areas, and a beautiful mosaic mural above the 27 meter long heated pool, this property is an oasis of leisure and tranquility, on the beach, with all amenities and commerce at the doorstep. Both houses have been renovated to very high standard, with under-floor heating and air conditioning throughout, electric shutters and solar panels, and high quality tasteful finishings. "Villa areal" is the ideal beach property, with four large suites, two of which have access to a private part of the garden, exclusive to them, and the other two to the patio and pool. The living area is very bright and spacious, covering the whole of the first floor, with windows and balconies on either side, a fully fitted open kitchen, a sitting area with an open fireplace and sea views from every corner of the room. "Villa Poseidon" also has a spacious open plan living area, with a fully fitted kitchen, and two spacious suites, with a large balcony overlooking the pool and patio garden. Whether you are looking for a permanent or semi-permanent home, with separate guest accommodation, a high quality rental property, with good yield potential, or both, then this property could be ideal for you. Viewing is highly recommended.
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Currency Exchange
Lagos, 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 €1,775,000 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 |
|---|---|---|---|
| €1,775,000 | £1,470,250 | £1,525,524 | £55,274 |
| Property Price € | €1,775,000 |
| Minimum cost in the last six months | £1,470,250 |
| Maximum cost in the last six months | £1,525,524 |
| Fluctuating exchange rates over the last six months could have increased the cost of this property by | £55,274 |
Lagos, 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 €1,775,000 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 |
|---|---|---|---|
| €1,775,000 | £1,470,250 | £1,525,524 | £55,274 |
| Property Price € | €1,775,000 |
| Minimum cost in the last six months | £1,470,250 |
| Maximum cost in the last six months | £1,525,524 |
| Fluctuating exchange rates over the last six months could have increased the cost of this property by | £55,274 |
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 £55,274 more.
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