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What are the benefits of investing in a villa with expansion potential in Lagos?

Villa in Lagos

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

Investing in this villa with expansion potential in Lagos presents numerous benefits, particularly for savvy buyers interested in maximising their investment returns. Currently listed at €995,000, this property features 3+ bedrooms and extensive outdoor spaces, with approved plans to enhance living area to approximately 365 m². The integration of an indoor pool and five additional en-suite bedrooms can attract high-paying tourists, elevating its rental income potential significantly. Located just 2 km from the recently renovated beaches and the famous marina, this villa is positioned perfectly for both long-term living and short-term rentals. Its recent renovations ensure modernity and comfort, with features like underfloor heating and air conditioning throughout, catering to all-season living. Buyers will find value in the villa’s large multifunctional spaces which are well-suited for various uses, increasing its charm and flexibility. The proximity to local amenities, schools, and transport links adds valuable lifestyle benefits. Moreover, with the vibrant culture and leisure activities available in Lagos, investing in this villa ensures not only a luxurious lifestyle but also a promising return on investment. Don’t hesitate to seize this opportunity! Contact us to explore the potential of this villa for your future.

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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