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How much investment potential does a villa in Lagos with expansion projects have?

Villa in Lagos

ref. LE2362
995.000€
  • C
  • 3
  • 5
  • 156m2
  • 500m2

This villa in Lagos with approved expansion projects holds remarkable investment potential. Priced at €995,000, it currently features 3+ bedrooms and 5 bathrooms, with spacious multi-purpose rooms providing a strong foundation for further development. The approved plans to increase the living area to approximately 365m² and incorporate an indoor pool significantly enhance its appeal for investors. With its close proximity to the vibrant marina and beautiful beaches just 2km away, it resides in an area well-sought after by tourists and locals alike. Currently functioning as an ideal family home, this property can easily adapt to cater to the commercial market as a boutique hotel or guesthouse. The versatility of the space allows it to be reconfigured to meet various buyer demands, making it a wise investment choice. On top of that, other amenities like underfloor heating and air conditioning ensure a luxurious experience throughout the year, making it more desirable in the rental market. Potential buyers will appreciate the rich lifestyle offerings inherent to Lagos, with cultural experiences and vibrant nightlife close at hand. The neighborhood offers great amenities, including schools and shops, increasing family appeal. This villa's strategic location and potential for expansion make it an attractive proposition for informed buyers. Take advantage of this opportunity—get in touch to learn more!

Usage
Residential
Type
Villa
Town
Lagos
Parish
Lagos (São Sebastião e Santa Maria)
Municipality
Lagos, Faro
Region
Algarve (West)
Construction Year
2008
Renovation Year
2024
Rooms
7
Bedrooms
3
Bathrooms
5
Floors
3
Furnished
Negotiable
Living Area
156 m²
Usable area
663 m²
Plot Area
500 m²
Tarmac, Driveway, Easy Access
Garage
Lounge/Dining
Balcony/Terrace
Fully Fitted, Fully Equipped
Storage, Basement, Music Room, Utility Room, Attic
Fitted Wardrobe
1 Family Bathroom, 1 Shower room, 3 Bathrooms
Under floor heating, AC
Cable/Satellite TV, Internet/Phone, Intercom, Pre-Installed Solar, Boiler
Mains electric, Mains water, Mains drainage
Double glazing, UVA Protection, Manual Shutters/Blinds
Panoramic View, Countryside View
• Living area 156,23m², Construction area 663,84m²
• Plot 500m²
• 3+ Bedrooms, 5 Bathrooms
• Construction 2008, Renovation 2021-2024
• Underfloor heating and AC (thermostat)
• Furnishing negotiable
• 2km from the beach

Situated in a good location - not far from the city centre of Lagos, the marina and beaches. The lower level of the property has been renovated from scratch. It offers 2 huge rooms with AC prepared for multi-functional usage (more than 100m² each) with a gym/studio, a music studio, separate bathrooms with a heatpump installed for underfloor heating and pre-installation for solar energy. The attic is prepared to convert and the project for expansion is approved by the camara and in progress.

Project includes:
• Increase of living area from 156.23 to approx 365m²
• Indoor pool of 36m²
• Attic conversion to 5 en-suite bedrooms
• Common room + roof terrace

The property currently comprises:

Entrance Level – First Floor, Renovated
• Entrance hallway
• Living/dining room with patio doors
• Modern kitchen opening to terrace
• 3 double bedrooms with patio doors
• Large utility room currently used as guest bedroom
• 1 shower room and 1 bathroom

Lower Level - Ground Floor, Renovated
• 2 huge multi-purpose rooms more than 100m² each with AC & heating pre-installation
• T0 apartment with shower room & separate entrance
• 2 large bathrooms
• Gym/fitness room with patio doors
• Music studio with technical room
• Storage
• Single Garage

Attic
• Total area 147m² with pre-installation of plumbing, electrics, water
• Technical room with heatpump, tanks, ventilation (for all 3 levels)
• Terrace

External
• Fully walled, low maintenance courtyard
• Driveway and garage
• Stairs ascending to entrance level
• Multiple terraces

This villa is a perfect holiday property and also ideal for permanent liivng. With the project - it could offer many options and also accommodate guests commercially.

Amenities

• Tinted double glazing
• Satellite TV/Internet
• Underfloor heating and AC throughout
• Pre installation for Solar water and electricity
• Mains utilities
• Pre-installation in areas for project

Location

• Distance to beach: 2km
• Distance to Golf: 4.8km
• Distance from Airport: 84km
• Distance to nearest school: 2.4km
• Distance into centre of Lagos: 5km
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