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Newly Renovated Property
Lagos, Faro, Portugal, 8600-128 LUZ LGS
REF: 902299
€550,000
Description
Beautifully renovated property in a popular residential area ideally located between Luz and Burgau. Exceptional renovation of a traditional property located in the sought after residential area of Montinhos da Luz with easy access to both Praia da Luz and Burgau with their pristine beaches and cosmopolitan lifestyle.
This lovely modern home has been professionally refurbished to the highest standard and exemplifies quality craftsmanship, featuring underfloor heating throughout, double-glazed windows, new plumbing and electrical systems, a modern kitchen, stylish bathrooms, and an efficient air conditioning system with the bonus of being very low maintenance.
The property has two levels, on the ground floor you have an open-plan living room with a fully fitted kitchen and utility area, 2 bedrooms with fitted wardrobes, 1 shared bathroom. With an independent access through the internal patio there is an office that has been converted to an ensuite bedroom. This could be ideal for an older child who can enjoy a semi-private space or alternatively, would make a great home office or hobby room.
The large external patio to the rear provides ample space for shade and alfresco gatherings. There is also a secure storeroom for items that are not required on a daily basis. The property has a fabulous pool terrace area at the front with great sun exposure. There is a discreet roadside entrance gate with recessed parking for two cars.
With easy access to the coast and under ten minutes by car to the vibrant port town of Lagos it easy to imagine living here. It would equally suit a young family relocating to the area with a choice of schools nearby or, a retiree with accommodation for visitors, as well as an investor who can benefit from this as a rental property.
Viewing is highly recommended. Book your property visit today!
Beautifully renovated property in a popular residential area ideally located between Luz and Burgau. Exceptional renovation of a traditional property located in the sought after residential area of Montinhos da Luz with easy access to both Praia da Luz and Burgau with their pristine beaches and cosmopolitan lifestyle.
This lovely modern home has been professionally refurbished to the highest standard and exemplifies quality craftsmanship, featuring underfloor heating throughout, double-glazed windows, new plumbing and electrical systems, a modern kitchen, stylish bathrooms, and an efficient air conditioning system with the bonus of being very low maintenance.
The property has two levels, on the ground floor you have an open-plan living room with a fully fitted kitchen and utility area, 2 bedrooms with fitted wardrobes, 1 shared bathroom. With an independent access through the internal patio there is an office that has been converted to an ensuite bedroom. This could be ideal for an older child who can enjoy a semi-private space or alternatively, would make a great home office or hobby room.
The large external patio to the rear provides ample space for shade and alfresco gatherings. There is also a secure storeroom for items that are not required on a daily basis. The property has a fabulous pool terrace area at the front with great sun exposure. There is a discreet roadside entrance gate with recessed parking for two cars.
With easy access to the coast and under ten minutes by car to the vibrant port town of Lagos it easy to imagine living here. It would equally suit a young family relocating to the area with a choice of schools nearby or, a retiree with accommodation for visitors, as well as an investor who can benefit from this as a rental property.
Viewing is highly recommended. Book your property visit today!
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Currency Exchange
Lagos, Faro, Portugal, 8600-128 LUZ LGS
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 €550,000 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 |
|---|---|---|---|
| €550,000 | £455,571 | £472,698 | £17,127 |
| Property Price € | €550,000 |
| Minimum cost in the last six months | £455,571 |
| Maximum cost in the last six months | £472,698 |
| Fluctuating exchange rates over the last six months could have increased the cost of this property by | £17,127 |
Lagos, Faro, Portugal, 8600-128 LUZ LGS
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 €550,000 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 |
|---|---|---|---|
| €550,000 | £455,571 | £472,698 | £17,127 |
| Property Price € | €550,000 |
| Minimum cost in the last six months | £455,571 |
| Maximum cost in the last six months | £472,698 |
| Fluctuating exchange rates over the last six months could have increased the cost of this property by | £17,127 |
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 £17,127 more.
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