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2 Bedroom Villa + Annex, Project Opportunity, Meia Praia - Lagos
Lagos, Faro, Portugal, 8600 302
REF: 1000392
€1,200,000
Description
This stunning 1,783 sqm plot offers exceptional potential and versatility. Currently, it features a charming 2-bedroom, 2-bathroom villa, with the master bedroom enjoying an en-suite, as well as a separate guest annex that includes a partially equipped kitchen, living room, and en-suite bathroom.
The property presents two exciting opportunities: you can either renovate and expand the existing buildings up to a covered area of 270 sqm, or start fresh and construct a brand-new villa of the sa.. Set within a generous 1,783 sqm of land, this impressive plot offers a wealth of potential for redevelopment, investment, or personal enjoyment. Currently occupying the site is a well-maintained 2-bedroom, 2-bathroom villa. The master suite comes complete with an en-suite bathroom, while a separate guest annex provides additional living space, featuring a comfortable lounge, an en-suite bathroom, and a partially equipped kitchen ideal for visitors or as an independent rental unit.
One of the key highlights of this property lies in its development flexibility. Whether you're looking to renovate and expand the existing structures or prefer to start anew with a custom-designed villa, the plot allows for construction of up to 270 sqm of covered area. This provides a fantastic opportunity to create a spacious, modern residence tailored to your specific needs and tastes.
The grounds themselves are equally appealing. Mature, well-established landscaping surrounds the property, creating a private and tranquil setting. From various points on the plot, you can take in sweeping views of the ocean a perfect backdrop to your morning coffee or evening glass of wine. A swimming pool is already in place, offering a refreshing retreat during warm days and enhancing the outdoor living experience.
Security and convenience are also well considered: the entire property is enclosed by walls and accessed through electric gates, ensuring both privacy and peace of mind. Whether you're looking for a development opportunity, a holiday home with room to grow, or a place to build your dream coastal villa, this plot offers it all.
This stunning 1,783 sqm plot offers exceptional potential and versatility. Currently, it features a charming 2-bedroom, 2-bathroom villa, with the master bedroom enjoying an en-suite, as well as a separate guest annex that includes a partially equipped kitchen, living room, and en-suite bathroom.
The property presents two exciting opportunities: you can either renovate and expand the existing buildings up to a covered area of 270 sqm, or start fresh and construct a brand-new villa of the sa.. Set within a generous 1,783 sqm of land, this impressive plot offers a wealth of potential for redevelopment, investment, or personal enjoyment. Currently occupying the site is a well-maintained 2-bedroom, 2-bathroom villa. The master suite comes complete with an en-suite bathroom, while a separate guest annex provides additional living space, featuring a comfortable lounge, an en-suite bathroom, and a partially equipped kitchen ideal for visitors or as an independent rental unit.
One of the key highlights of this property lies in its development flexibility. Whether you're looking to renovate and expand the existing structures or prefer to start anew with a custom-designed villa, the plot allows for construction of up to 270 sqm of covered area. This provides a fantastic opportunity to create a spacious, modern residence tailored to your specific needs and tastes.
The grounds themselves are equally appealing. Mature, well-established landscaping surrounds the property, creating a private and tranquil setting. From various points on the plot, you can take in sweeping views of the ocean a perfect backdrop to your morning coffee or evening glass of wine. A swimming pool is already in place, offering a refreshing retreat during warm days and enhancing the outdoor living experience.
Security and convenience are also well considered: the entire property is enclosed by walls and accessed through electric gates, ensuring both privacy and peace of mind. Whether you're looking for a development opportunity, a holiday home with room to grow, or a place to build your dream coastal villa, this plot offers it all.
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Currency Exchange
Lagos, Faro, Portugal, 8600 302
Interested in this property? Don't lose out to currency fluctuations changing the price you pay...
Many overseas buyers in Portugal do not realise they can lose thousands of pounds through adverse currency exchange rate movements.
The property buying process in Portugal takes time; it could be up to six months between seeing the property of your dreams and actually taking ownership. So how much would this €1,200,000 property cost you?
| Property Price € | Minimum cost in the last six months | Maximum cost in the last six months | Fluctuating exchange rates over the last six months could have increased the cost of this property by |
|---|---|---|---|
| €1,200,000 | £990,540 | £1,050,384 | £59,844 |
| Property Price € | €1,200,000 |
| Minimum cost in the last six months | £990,540 |
| Maximum cost in the last six months | £1,050,384 |
| Fluctuating exchange rates over the last six months could have increased the cost of this property by | £59,844 |
Lagos, Faro, Portugal, 8600 302
Interested in this property? Don't lose out to currency fluctuations changing the price you pay...
Many overseas buyers in Portugal do not realise they can lose thousands of pounds through adverse currency exchange rate movements.
The property buying process in Portugal takes time; it could be up to six months between seeing the property of your dreams and actually taking ownership. So how much would this €1,200,000 property cost you?
| Property Price € | Minimum cost in the last six months | Maximum cost in the last six months | Fluctuating exchange rates over the last six months could have increased the cost of this property by |
|---|---|---|---|
| €1,200,000 | £990,540 | £1,050,384 | £59,844 |
| Property Price € | €1,200,000 |
| Minimum cost in the last six months | £990,540 |
| Maximum cost in the last six months | £1,050,384 |
| Fluctuating exchange rates over the last six months could have increased the cost of this property by | £59,844 |
The exchange rate on the day you make an offer on your property in Portugal will not be the same as the rate you pay when you complete on your purchase, as currency markets move constantly. Any large rate movements may take it beyond your price range as the chart above illustrates the fluctuation and how much extra your property could have cost you.
The best way to avoid this significant risk is to plan your budget and currency strategy with an experienced currency specialist. They have been known to save you up to 4% compared to many high street banks, £4,000 for every £100,000, which soon adds up. They will also keep you up to date on market movements, help you set a rate in advance with a product called a Forward Contract - so you know exactly what you will pay for your property in sterling.
This is why we recommend Smart Currency Exchange Ltd. If exchange rate movements continue to be as unpredictable and as significant as they have been in the past then by not using Smart Currency Exchange Ltd your property could cost you £59,844 more.
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