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What is the cost of a 3-bedroom villa with a rental license in Praia da Luz?

Villa in Luz

ref. LW2398
4.855.881DKK 4.631.763DKK
  • C
  • 3
  • 3
  • 145m2
  • 565m2
  • Alojamento Local

The cost of this 3-bedroom villa in Praia da Luz is €620,000, making it an attractive investment opportunity for those seeking properties with a rental license. Located in a serene area just 3km from the nearest beach, this traditional bungalow offers great rental returns, ideal for investors and buyers looking to enter the lucrative short-term rental market. The property features a spacious living area, plus an annex that can serve as guest accommodation, enhancing its marketability. With a plot size of 565m², there is plenty of outdoor space, including a roof terrace that presents stunning countryside views. The home requires some renovations, providing an excellent chance for buyers to add value and customise it to their tastes. Situated within a short drive from the bustling city of Lagos, you'll enjoy both the tranquility of Praia da Luz and the vibrancy of city life. Perfect for families, this property is also close to local schools and amenities, giving you convenience at your doorstep. With its rental license already in place, this home is ready to start generating income or could be transformed into your dream family residence. Don’t miss this chance to invest in a promising location in the Algarve. Contact us now to schedule a viewing!

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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