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Praia da Luz
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Villa in Luz

ref. LW2398
7.582.852NOK 7.232.874NOK
  • C
  • 3
  • 3
  • 145m2
  • 565m2
  • Alojamento Local

Investing in properties near Lagos opens up many opportunities, with this 3-bedroom bungalow in Praia da Luz being a prime example. Priced at €650,000, this property not only boasts a rental license but also features a spacious living area and a substantial outdoor space, making it ideal for both short-term and long-term rentals. The bungalow's setting in a tranquil neighbourhood offers the perfect backdrop for families or holiday-makers looking for relaxation close to the beach, just 3.1 km away. With ongoing demand in the rental market, particularly in the Algarve region, properties like this are considered beneficial investment assets that promise good returns. The property’s feasibility as both a family home and an investment property further enhances its appeal, especially due to the existing guest accommodation option created by the converted garage. Local amenities, including international schools and golf courses, enhance the quality of life and draw potential tenants. Moreover, with the cosmopolitan city of Lagos only a five-minute drive away, access to entertainment and cultural activities is just a stone's throw away. This presents a unique chance for buyers to diversify their investment portfolio. Don’t hesitate to take advantage of this fantastic opportunity—get in touch for more details on how to secure this property!

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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