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This stunning villa, beautifully renovated into two separate apartments, offers a fantastic opportunity for rental income or multi-generational living, just a stone s throw from Praia da Luz
Lagos, Algarve, Portugal, 8600-101
REF: 936281
€959,000
Description
This stunning villa, beautifully renovated into two separate apartments, offers a fantastic opportunity for rental income or multi-generational living, just a stone s throw from Praia da Luz.
On the first floor, you are welcomed into a breathtaking open-plan living, kitchen, and dining area with an incredible vaulted ceiling, adding to the sense of space and character. This bright and airy room has access to two terraces - one at the front with partial sea views, perfect for alfresco dining and featuring an outdoor kitchen, while the rear terrace is a practical space for drying laundry. The well-designed kitchen includes ample storage, making it as functional as it is stylish.
Also on this level is a lovely bedroom with access to the rear terrace, alongside a modern bathroom with a spacious walk-in shower.
The ground floor hosts a three-bedroom apartment, complete with a fully equipped kitchen and dining area that leads directly onto a private terrace. The living room seamlessly connects to both the kitchen and outdoor space, creating a great indoor-outdoor flow. There is also a separate laundry room.
All three bedrooms on this level feature built-in wardrobes, outdoor access, and all have private en-suite bathrooms.
There is an opportunity to gain access to a communal swimming pool for an annual fee.
This is a fantastic investment opportunity, whether as a full-time residence with income potential or a dedicated rental property in an unbeatable location just 45 meters to the beach. Don t miss out on this rare gem in Praia da Luz!
This stunning villa, beautifully renovated into two separate apartments, offers a fantastic opportunity for rental income or multi-generational living, just a stone s throw from Praia da Luz.
On the first floor, you are welcomed into a breathtaking open-plan living, kitchen, and dining area with an incredible vaulted ceiling, adding to the sense of space and character. This bright and airy room has access to two terraces - one at the front with partial sea views, perfect for alfresco dining and featuring an outdoor kitchen, while the rear terrace is a practical space for drying laundry. The well-designed kitchen includes ample storage, making it as functional as it is stylish.
Also on this level is a lovely bedroom with access to the rear terrace, alongside a modern bathroom with a spacious walk-in shower.
The ground floor hosts a three-bedroom apartment, complete with a fully equipped kitchen and dining area that leads directly onto a private terrace. The living room seamlessly connects to both the kitchen and outdoor space, creating a great indoor-outdoor flow. There is also a separate laundry room.
All three bedrooms on this level feature built-in wardrobes, outdoor access, and all have private en-suite bathrooms.
There is an opportunity to gain access to a communal swimming pool for an annual fee.
This is a fantastic investment opportunity, whether as a full-time residence with income potential or a dedicated rental property in an unbeatable location just 45 meters to the beach. Don t miss out on this rare gem in Praia da Luz!
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Currency Exchange
Lagos, Algarve, Portugal, 8600-101
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 €959,000 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 |
|---|---|---|---|
| €959,000 | £790,120 | £813,328 | £23,208 |
| Property Price € | €959,000 |
| Minimum cost in the last six months | £790,120 |
| Maximum cost in the last six months | £813,328 |
| Fluctuating exchange rates over the last six months could have increased the cost of this property by | £23,208 |
Lagos, Algarve, Portugal, 8600-101
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 €959,000 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 |
|---|---|---|---|
| €959,000 | £790,120 | £813,328 | £23,208 |
| Property Price € | €959,000 |
| Minimum cost in the last six months | £790,120 |
| Maximum cost in the last six months | £813,328 |
| Fluctuating exchange rates over the last six months could have increased the cost of this property by | £23,208 |
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 £23,208 more.
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