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Which properties for sale in Praia da Luz are ideal for investors?

Villa in Luz

ref. LW2398
572.608£ 546.180£
  • C
  • 3
  • 3
  • 145m2
  • 565m2
  • Alojamento Local

For investors seeking prime property in Praia da Luz, this 3-bedroom bungalow with a rental license is an exceptional find. Priced at €620,000, it provides a great opportunity to tap into the Algarve's rental market. With its spacious layout and additional garage converted into guest accommodation, the potential for rental income is significant, especially given the area's popularity among tourists. This property is situated just moments away from pristine beaches and local amenities, making it an attractive option for those looking to invest in holiday rentals. Its location allows easy access to the vibrant community life in Lagos, creating added appeal for prospective renters. Buyers will appreciate the investment benefit of renovating the property to enhance its market value further. The property comes with a spacious garden and an inviting living area, perfect for family vacations. Act quickly; the demand for rental properties in this area continues to rise. Contact us now for more information and 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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