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Praia da Luz
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What is the cost of a bungalow with a rental license in the Algarve?

Villa in Luz

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

The cost of a bungalow with a rental license in the Algarve is currently listed at €650,000, representing a strong investment opportunity in a prime location. This particular 3-bedroom bungalow in Praia da Luz not only has a valid rental license but also shows potential for good return on investment due to its location and manageable renovation requirements. The property is strategically located just 3km from the stunning beach and is within a short drive to Lagos, which enhances its appeal to both tourists and long-term residents. Ideal for buyers looking to enter the rental market, this bungalow can serve as a family home while also working as a lucrative investment. The surrounding area offers a wealth of amenities including restaurants, shops, and recreational activities, making it a highly attractive option for renters. With a personal touch, you can transform this property into the perfect retreat or profitable holiday rental. Seize this opportunity to invest in the Algarve market today. Reach out for more information or to book your 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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