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What investment opportunities exist for properties in Praia da Luz?

Villa in Luz

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

Investing in properties in Praia da Luz can be highly rewarding, especially with this 3-bedroom bungalow currently on the market. The property comes with a rental licence, allowing you to benefit from immediate rental income while you explore its renovation potential. Set in the picturesque Algarve, this villa offers a blend of tranquillity and accessibility, being just 3km from the beach and a short drive from the bustling city of Lagos. Its spacious living area and outdoor amenities, including a roof terrace with stunning views, make it an attractive option for families or as a rental property. The market is ripe for investment, with demand for holiday homes steadily increasing in this sought-after location. This property not only serves as a personal retreat but also holds promise for lucrative returns, especially with custom renovations that can enhance its appeal. Discover the perfect opportunity to invest in a vibrant community and picturesque surroundings. Contact us today to learn more about this exceptional investment in Praia da Luz!

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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