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Which properties in Lagos have potential for expansion and income generation?

Villa in Lagos

ref. LE2362
10.998.403SEK
  • C
  • 3
  • 5
  • 156m2
  • 500m2
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This renovated villa in Lagos is an outstanding option for buyers seeking properties with potential for expansion and income generation. With 3+ bedrooms and 5 bathrooms, it offers ample space for a variety of uses, including family living or as a guesthouse. The villa is ideally situated just 2km from the beach, making it a prime location for holiday rentals or long-term leasing.
Notably, the property features a sizeable lower level, recently remodelled, which includes two expansive rooms perfectly suited for multi-purpose functionality—a ready-made gym or studio could easily be established here. Additionally, the villa has submitted plans for significant expansion, projected to enhance the living area dramatically from 156.23m² to approximately 365m², including an indoor pool and conversions of the attic into 5 en-suite bedrooms.
Investors will find the appeal in both the location, which is near local amenities and the vibrant life of Lagos, and in the potential for substantial rental income. The renovated spaces are equipped with modern amenities like underfloor heating and pre-installation for solar energy, ensuring reduced running costs and increased attractiveness to potential renters.
For those considering a lucrative investment with versatile living options, this villa is not to be missed. Contact us now to explore this property and seize an investment opportunity in the Algarve!

Usage
Residential
Type
Villa
Town
Lagos
Parish
Lagos (São Sebastião e Santa Maria)
Municipality
Lagos, Faro
Region
Algarve (West)
Construction Year
2008
Renovation Year
2024
Rooms
7
Bedrooms
3
Bathrooms
5
Floors
3
Furnished
Negotiable
Living Area
156 m²
Usable area
663 m²
Plot Area
500 m²
Tarmac, Driveway, Easy Access
Garage
Lounge/Dining
Balcony/Terrace
Fully Fitted, Fully Equipped
Storage, Basement, Music Room, Utility Room, Attic
Fitted Wardrobe
1 Family Bathroom, 1 Shower room, 3 Bathrooms
Under floor heating, AC
Cable/Satellite TV, Internet/Phone, Intercom, Pre-Installed Solar, Boiler
Mains electric, Mains water, Mains drainage
Double glazing, UVA Protection, Manual Shutters/Blinds
Panoramic View, Countryside View
• Living area 156,23m², Construction area 663,84m²
• Plot 500m²
• 3+ Bedrooms, 5 Bathrooms
• Construction 2008, Renovation 2021-2024
• Underfloor heating and AC (thermostat)
• Furnishing negotiable
• 2km from the beach

Situated in a good location - not far from the city centre of Lagos, the marina and beaches. The lower level of the property has been renovated from scratch. It offers 2 huge rooms with AC prepared for multi-functional usage (more than 100m² each) with a gym/studio, a music studio, separate bathrooms with a heatpump installed for underfloor heating and pre-installation for solar energy. The attic is prepared to convert and the project for expansion is approved by the camara and in progress.

Project includes:
• Increase of living area from 156.23 to approx 365m²
• Indoor pool of 36m²
• Attic conversion to 5 en-suite bedrooms
• Common room + roof terrace

The property currently comprises:

Entrance Level – First Floor, Renovated
• Entrance hallway
• Living/dining room with patio doors
• Modern kitchen opening to terrace
• 3 double bedrooms with patio doors
• Large utility room currently used as guest bedroom
• 1 shower room and 1 bathroom

Lower Level - Ground Floor, Renovated
• 2 huge multi-purpose rooms more than 100m² each with AC & heating pre-installation
• T0 apartment with shower room & separate entrance
• 2 large bathrooms
• Gym/fitness room with patio doors
• Music studio with technical room
• Storage
• Single Garage

Attic
• Total area 147m² with pre-installation of plumbing, electrics, water
• Technical room with heatpump, tanks, ventilation (for all 3 levels)
• Terrace

External
• Fully walled, low maintenance courtyard
• Driveway and garage
• Stairs ascending to entrance level
• Multiple terraces

This villa is a perfect holiday property and also ideal for permanent liivng. With the project - it could offer many options and also accommodate guests commercially.

Amenities

• Tinted double glazing
• Satellite TV/Internet
• Underfloor heating and AC throughout
• Pre installation for Solar water and electricity
• Mains utilities
• Pre-installation in areas for project

Location

• Distance to beach: 2km
• Distance to Golf: 4.8km
• Distance from Airport: 84km
• Distance to nearest school: 2.4km
• Distance into centre of Lagos: 5km
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