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Praia da Luz
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Why is Praia da Luz ideal for buying a renovation property with potential?

Villa in Luz

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

Praia da Luz is an ideal location for buyers interested in renovation properties, and this 3-bedroom villa holds significant potential for future value. Priced at €650,000, it not only includes a successful rental license but also offers an opportunity for investors to increase their return on investment through renovations. Set in a quiet area, this bungalow spans 145m² on a spacious 565m² plot, allowing ample space for family living or holiday rentals. The picturesque views from the roof terrace and the nearby pristine beaches just 3km away add to the allure. With ongoing demand for rental properties in the Algarve, including nearby amenities and schools, this property requires some renovation, making it perfect for buyers looking to add a personal touch. The conversion of the garage into guest accommodation adds extra value to the investment. Don't miss this opportunity to secure a property in one of the Algarve's most desirable locations. Contact us now to find out more!

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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