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Praia da Luz
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What is the investment potential of a property with a rental license in the Algarve?

Villa in Luz

ref. LW2398
603.091CHF 575.256CHF
  • C
  • 3
  • 3
  • 145m2
  • 565m2
  • Alojamento Local

Investing in a property with a rental license in the Algarve, such as this villa in Praia da Luz, presents significant potential for financial returns. This spacious 3-bedroom bungalow with two bathrooms is not only residential but also offers a successful rental history, appealing to both holidaymakers and permanent residents. The strong tourism market in the Algarve leads to high demand for rental properties, especially ones close to the beach and local amenities. With properties in this area averaging strong rental yields, your investment can generate a steady income. Additionally, the beautiful surroundings, proximity to golf courses, and just a short drive to Lagos make it an attractive destination for renters. The fact that this property requires some renovation means you could increase its value further, enhancing return on investment. If you’re considering diversifying your portfolio, this opportunity could be the perfect addition. Get in touch now to learn more about your investment options!

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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