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Two-Bedroom Apartment (T2) of 95 m² for Sale in Lagos – Excellent Investment Opportunity Located just steps from the center of Lagos, this bright and spacious 95 m² apartment is situated on the fourth floor of a building with an elevator
Lagos, Faro, Portugal
REF: 929268
€255,000
Description
Two-Bedroom Apartment (T2) of 95 m² for Sale in Lagos – Excellent Investment Opportunity Located just steps from the center of Lagos, this bright and spacious 95 m² apartment is situated on the fourth floor of a building with an elevator. This property is ideal for investment, with tenants already in place, holding a one-year lease and paying a monthly rent of €1,100. The apartment comprises: A spacious living room with a dining area and a comfortable lounge corner, creating a warm and functional atmosphere. An open-plan kitchen, fully equipped, ideal for preparing meals in a modern environment. A bathroom with a bathtub. Two spacious bedrooms, each with built-in wardrobes for optimal comfort. Additional Features: Kitchen equipped with new appliances: combined fridge, washing machine, oven, vitroceramic hob. The building features common areas in marble and Lioz stone, with two service elevators. Ideal Location: This apartment benefits from a prime location, close to Praia da Batata and Praia do Porto de Mós, just a 5-minute walk from Lagos’ historic center. The neighborhood is also well-served, with nearby shops such as FNAC, IKEA, Intermarché, and Spar. A school, hospital, and pharmacy are just minutes away. Excellent restaurants nearby include Os Lambertos, Calhou, Pizza do Françès, and many more. Usage License: Number 74, issued by the Lagos City Council on 30/03/1984. An unmissable opportunity! Contact me for more information. *I speak French, Portuguese, English, and Spanish. *I share the commission 50%-50% with all agencies. #ref: 134474
Two-Bedroom Apartment (T2) of 95 m² for Sale in Lagos – Excellent Investment Opportunity Located just steps from the center of Lagos, this bright and spacious 95 m² apartment is situated on the fourth floor of a building with an elevator. This property is ideal for investment, with tenants already in place, holding a one-year lease and paying a monthly rent of €1,100. The apartment comprises: A spacious living room with a dining area and a comfortable lounge corner, creating a warm and functional atmosphere. An open-plan kitchen, fully equipped, ideal for preparing meals in a modern environment. A bathroom with a bathtub. Two spacious bedrooms, each with built-in wardrobes for optimal comfort. Additional Features: Kitchen equipped with new appliances: combined fridge, washing machine, oven, vitroceramic hob. The building features common areas in marble and Lioz stone, with two service elevators. Ideal Location: This apartment benefits from a prime location, close to Praia da Batata and Praia do Porto de Mós, just a 5-minute walk from Lagos’ historic center. The neighborhood is also well-served, with nearby shops such as FNAC, IKEA, Intermarché, and Spar. A school, hospital, and pharmacy are just minutes away. Excellent restaurants nearby include Os Lambertos, Calhou, Pizza do Françès, and many more. Usage License: Number 74, issued by the Lagos City Council on 30/03/1984. An unmissable opportunity! Contact me for more information. *I speak French, Portuguese, English, and Spanish. *I share the commission 50%-50% with all agencies. #ref: 134474
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Currency Exchange
Lagos, Faro, 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 €255,000 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 |
|---|---|---|---|
| €255,000 | £210,095 | £221,363 | £11,268 |
| Property Price € | €255,000 |
| Minimum cost in the last six months | £210,095 |
| Maximum cost in the last six months | £221,363 |
| Fluctuating exchange rates over the last six months could have increased the cost of this property by | £11,268 |
Lagos, Faro, 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 €255,000 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 |
|---|---|---|---|
| €255,000 | £210,095 | £221,363 | £11,268 |
| Property Price € | €255,000 |
| Minimum cost in the last six months | £210,095 |
| Maximum cost in the last six months | £221,363 |
| Fluctuating exchange rates over the last six months could have increased the cost of this property by | £11,268 |
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 £11,268 more.
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