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Large plot with approved project for 11 bedroom guest house, for sale Lagos, Algarve
Lagos, Portugal
REF: 733426
€1,350,000
Description
Nestled in the verdant embrace of Praia da Luz's green valley, this property for sale is a golden opportunity for those with a vision of creating a brand-new, custom-designed guest house. The natural landscape that surrounds the plot adds an extra layer of allure, promising guests a tranquil retreat in the midst of nature's beauty. What sets this property apart is the presence of an approved project, paving the way for immediate construction of an 11-bedroom guest house complete with a dining and restaurant area. The location couldn't be more perfect. Not only is this property within walking distance to the beach and the charming center of Luz, but it's also conveniently close to the Boavista golf course, making it an attractive choice for golf enthusiasts. The vibrant town of Lagos is just a short drive away. Furthermore, easy access to the west coast ensures that both the serene beaches and adventurous landscapes of this region are within reach. Whether you seek a tranquil seaside escape, an investment opportunity, or a combination of both, this property offers a canvas for your aspirations to flourish. With the approved project in place, your dream of owning and operating a thriving guest house is closer to reality than ever. Seize the moment, and let this picturesque plot be the foundation for your vision. Whether you intend to create a haven for beachgoers, golf aficionados, or those simply in search of natural beauty, this property in Praia da Luz is the blank canvas awaiting your creativity and ambition.
Nestled in the verdant embrace of Praia da Luz's green valley, this property for sale is a golden opportunity for those with a vision of creating a brand-new, custom-designed guest house. The natural landscape that surrounds the plot adds an extra layer of allure, promising guests a tranquil retreat in the midst of nature's beauty. What sets this property apart is the presence of an approved project, paving the way for immediate construction of an 11-bedroom guest house complete with a dining and restaurant area. The location couldn't be more perfect. Not only is this property within walking distance to the beach and the charming center of Luz, but it's also conveniently close to the Boavista golf course, making it an attractive choice for golf enthusiasts. The vibrant town of Lagos is just a short drive away. Furthermore, easy access to the west coast ensures that both the serene beaches and adventurous landscapes of this region are within reach. Whether you seek a tranquil seaside escape, an investment opportunity, or a combination of both, this property offers a canvas for your aspirations to flourish. With the approved project in place, your dream of owning and operating a thriving guest house is closer to reality than ever. Seize the moment, and let this picturesque plot be the foundation for your vision. Whether you intend to create a haven for beachgoers, golf aficionados, or those simply in search of natural beauty, this property in Praia da Luz is the blank canvas awaiting your creativity and ambition.
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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 €1,350,000 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 |
|---|---|---|---|
| €1,350,000 | £1,148,432 | £1,183,262 | £34,830 |
| Property Price € | €1,350,000 |
| Minimum cost in the last six months | £1,148,432 |
| Maximum cost in the last six months | £1,183,262 |
| Fluctuating exchange rates over the last six months could have increased the cost of this property by | £34,830 |
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 €1,350,000 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 |
|---|---|---|---|
| €1,350,000 | £1,148,432 | £1,183,262 | £34,830 |
| Property Price € | €1,350,000 |
| Minimum cost in the last six months | £1,148,432 |
| Maximum cost in the last six months | £1,183,262 |
| Fluctuating exchange rates over the last six months could have increased the cost of this property by | £34,830 |
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 £34,830 more.
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