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How to invest in a traditional villa with good rental returns in the Algarve?

Villa in Luz

ref. LW2398
650.000€ 620.000€
  • C
  • 3
  • 3
  • 145m2
  • 565m2
  • Alojamento Local

Investing in this traditional bungalow in Praia da Luz can provide an excellent rental return due to its established rental license. With a price tag of €620,000, the property offers 3 bedrooms and the potential to convert additional spaces into living areas for guests or family. The living area is spacious and highlighted by a fireplace, creating a warm atmosphere for vacationers seeking a home away from home. Furthermore, with a location just 3km from the beach and amenities surrounding it, the property is well-positioned for rental opportunities throughout the year. The nearby city of Lagos enhances the appeal, with its vibrant lifestyle and access to various leisure activities. The investment potential is further supported by AA promising rental market in the Algarve, ideal for buyers keen on capitalising on Portugal's growing tourism sector. Don't miss the chance to secure a property that combines traditional charm with a lucrative investment opportunity. Get in touch today to explore this fantastic offer!

Usage
Residential
Type
Villa
Town
Luz
Parish
Luz
Municipality
Lagos, Faro
Region
Algarve (West)
Construction Year
1994
Rooms
5
Bedrooms
3
Bathrooms
3
Floors
1
Furnished
Partly
Living Area
145 m²
Surface area
175 m²
Plot Area
565 m²
Tarmac, Driveway
Garage, Driveway
Lounge/Dining
Terraces
Fully Fitted, Rustic
Other Rooms 1
Storage, T0 Annex
Other Rooms 2
Kitchenette
Fitted Wardrobe, Dressing Area
1 Family Bathroom, 1 En-Suite
Cable/Satellite TV, Internet/Phone
All mains, Gas Bottle
Double glazing, Aluminium, Manual Shutters/Blinds
Walled, Trees
Roof Terrace
Countryside View
• Living area 145m², Construction area 175m²
• Plot 565m²
• 3+1 bedrooms, 2+1 bathrooms
• Garage used as guest accommodation
• Roof terrace with countryside views
• Quiet location
• Requires some renovation
• 3km from the beach

This single-storey, 3-bedroom house is located in a quiet residential area of ​​Praia da Luz and is perfect for those looking for a business opportunity or a family home. The traditional property boasts a spacious living area, three bedrooms, and two bathrooms, as well as a lovely outdoor area. The main house has a successful rental license. The property also features a fenced garden and unobstructed views over Praia da Luz and the surrounding area. Furthermore, the garage was converted and is currently used as additional space for guests or family.

Internal
• Spacious living area with fireplace
• 3+1 bedrooms with fitted wardrobes (one used as an office)
• Separate kitchen
• Garage converted into an annex

External
• Fenced garden
• Carport
• Terrace with countryside views

Amenities

• Garage converted into guest annex
• Fireplace
• Fenced garden
• Water and electricity connections
• Double glazing with shutters

Location

• Distance to the sea: 1.1 km
• Nearest beach: 3.1 km
• Nearest golf course: 7.6 km
• Faro Airport: 93 km
• Nearest school: 130 m
• Nearest town (Luz): 2 km
• Close to several private (international) schools

Other Info

The garage is registered on the plans as a garage, but not as a converted annex.
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