Excellent investment opportunity in the countryside large villa on large grounds, for sale Lagos

Lagos, Portugal

For Sale

€1,360,000

REF: 711452 €1,360,000


9

9


1985

Description

This property presents an excellent investment opportunity in the countryside, featuring a large villa situated on expansive grounds. Its versatile nature makes it an ideal option for renting. Additionally, the property holds great potential for agricultural activities and animal husbandry. Located in the charming area of Bensafrim, close to Lagos, it offers a convenient setting for both alternatives.

The main house of the property has been cleverly divided into seven apartments, with a total of 10 bedrooms, providing ample accommodation options. In addition to the apartments, there is a reception area with side storage, as well as a separate caretaker apartment laundry and linen cupboards, and three garages.

The property covers nearly 9,5 hectares of land and includes a dam, borehole, and well (equipped with new pumps) for efficient water supply. There are also water deposits for water storage purposes. Mains water is connected to the house, and mains sewerage as well. Furthermore, each apartment has internet access, ensuring modern connectivity for residents or guests.

The property will be sold partially furnished, adding convenience for potential buyers. Notable renovations were carried out in 2022, including the installation of some new air conditioning units, renovated stables, fence repairs, and general maintenance. In 2016, there was an approved plan for a swimming pool, although it was not constructed within the designated timeframe.

A new project has been submitted for an 8x4 pool, and it is already approved. Once built, the pool will further enhance the property's appeal. This exceptional property offers the perfect setting for a business venture, such as a holiday rental or a bed and breakfast establishment. Alternatively, it can also cater to a large family seeking an expansive main villa by connecting the existing apartments through the removal of a few walls.

The property boasts a variety of trees, including cork trees, fig trees, almond trees, Monchique apples, citrus trees (lemon, orange, and mandarin), loquat trees, peach and apricot trees, as well as mulberry trees. This diverse array of flora adds natural beauty and potential agricultural value to the estate.

In summary, this fantastic property offers a myriad of possibilities, catering to different purposes such as investment, agriculture, animal husbandry, or providing a comfortable home for a large family. With its prime location, expansive facilities, and natural beauty, it presents a unique opportunity for prospective buyers.
This property presents an excellent investment opportunity in the countryside, featuring a large villa situated on expansive grounds. Its versatile nature makes it an ideal option for renting. Additionally, the property holds great potential for agricultural activities and animal husbandry. Located in the charming area of Bensafrim, close to Lagos, it offers a convenient setting for both alternatives.

The main house of the property has been cleverly divided into seven apartments, with a total of 10 bedrooms, providing ample accommodation options. In addition to the apartments, there is a reception area with side storage, as well as a separate caretaker apartment laundry and linen cupboards, and three garages.

The property covers nearly 9,5 hectares of land and includes a dam, borehole, and well (equipped with new pumps) for efficient water supply. There are also water deposits for water storage purposes. Mains water is connected to the house, and mains sewerage as well. Furthermore, each apartment has internet access, ensuring modern connectivity for residents or guests.

The property will be sold partially furnished, adding convenience for potential buyers. Notable renovations were carried out in 2022, including the installation of some new air conditioning units, renovated stables, fence repairs, and general maintenance. In 2016, there was an approved plan for a swimming pool, although it was not constructed within the designated timeframe.

A new project has been submitted for an 8x4 pool, and it is already approved. Once built, the pool will further enhance the property's appeal. This exceptional property offers the perfect setting for a business venture, such as a holiday rental or a bed and breakfast establishment. Alternatively, it can also cater to a large family seeking an expansive main villa by connecting the existing apartments through the removal of a few walls.

The property boasts a variety of trees, including cork trees, fig trees, almond trees, Monchique apples, citrus trees (lemon, orange, and mandarin), loquat trees, peach and apricot trees, as well as mulberry trees. This diverse array of flora adds natural beauty and potential agricultural value to the estate.

In summary, this fantastic property offers a myriad of possibilities, catering to different purposes such as investment, agriculture, animal husbandry, or providing a comfortable home for a large family. With its prime location, expansive facilities, and natural beauty, it presents a unique opportunity for prospective buyers.
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Currency Exchange

Lagos, Portugal

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 €1,360,000 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
€1,360,000 £1,156,938 £1,192,094 £35,156
Property Price € €1,360,000
Minimum cost in the last six months £1,156,938
Maximum cost in the last six months £1,192,094
Fluctuating exchange rates over the last six months could have increased the cost of this property by £35,156

Lagos, Portugal

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 €1,360,000 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
€1,360,000 £1,156,938 £1,192,094 £35,156
Property Price € €1,360,000
Minimum cost in the last six months £1,156,938
Maximum cost in the last six months £1,192,094
Fluctuating exchange rates over the last six months could have increased the cost of this property by £35,156

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 £35,156 more.

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