This property is located in an amazing spot, right by the beach and boasting a fantastic sea view

Lagos, Algarve, Portugal, 8650-105

For Sale

€1,200,000

£1,012,547
REF: 434483 €1,200,000

6

2

164 m2

178 m2

Description

This property is located in an amazing spot, right by the beach and boasting a fantastic sea view. The villa is spread through two levels, each comprising a self-contained apartment with independent entrances. The access to the lower floor apartment is made through the front terrace. This accommodation comprises a hallway leading to all areas, a living room, a kitchen, 3 bedrooms and a bathroom.

At the back there is a private patio with a covered BBQ. Access to the upper level is made by a side entrance. The top floor apartment comprises a hallway leading to all areas, a living room with a balcony with great view of the beach, a kitchen, 3 bedrooms and a bathroom. The kitchen has a smaller terrace. There is a staircase connecting both apartments from outside to the private patio. Finally, there is a roof terrace with a 360 view of the village all the way to the sea. This is an opportunity to own a property by the sea with a great potential to generate an income as a holiday rental.
This property is located in an amazing spot, right by the beach and boasting a fantastic sea view. The villa is spread through two levels, each comprising a self-contained apartment with independent entrances. The access to the lower floor apartment is made through the front terrace. This accommodation comprises a hallway leading to all areas, a living room, a kitchen, 3 bedrooms and a bathroom.

At the back there is a private patio with a covered BBQ. Access to the upper level is made by a side entrance. The top floor apartment comprises a hallway leading to all areas, a living room with a balcony with great view of the beach, a kitchen, 3 bedrooms and a bathroom. The kitchen has a smaller terrace. There is a staircase connecting both apartments from outside to the private patio. Finally, there is a roof terrace with a 360 view of the village all the way to the sea. This is an opportunity to own a property by the sea with a great potential to generate an income as a holiday rental.
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Currency Exchange

Lagos, Algarve, Portugal, 8650-105

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 £1,010,616 £1,042,728 £32,112
Property Price € €1,200,000
Minimum cost in the last six months £1,010,616
Maximum cost in the last six months £1,042,728
Fluctuating exchange rates over the last six months could have increased the cost of this property by £32,112

Lagos, Algarve, Portugal, 8650-105

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 £1,010,616 £1,042,728 £32,112
Property Price € €1,200,000
Minimum cost in the last six months £1,010,616
Maximum cost in the last six months £1,042,728
Fluctuating exchange rates over the last six months could have increased the cost of this property by £32,112

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 £32,112 more.

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