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Praia da Luz
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Where can I invest in a traditional bungalow close to the beach in Western Algarve?

Villa in Luz

ref. LW2398
761.981$ 726.812$
  • C
  • 3
  • 3
  • 145m2
  • 565m2
  • Alojamento Local

Investing in a traditional bungalow in Western Algarve is a savvy choice, and this 3-bedroom property in Praia da Luz is an excellent opportunity. Located just 3.1 km from the nearest beach, this bungalow offers not only comfort but also proximity to stunning coastal views. Priced at €650,000, it features a spacious layout of 145m² and includes a rental license, ensuring potential for good returns. The quiet location allows for serene living, while the nearby vibrant town of Lagos is just a 5-minute drive away. This property, situated on a 565m² plot, includes a garage converted into guest accommodation, perfect for accommodating visitors. For buyers looking to enhance their investment, the property does require some renovation, providing a unique chance to add personal touches. With amenities nearby such as international schools and golf courses, this bungalow is perfect for families and retirees. Don't miss out on this prime investment opportunity – contact us today for more details!

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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