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Single storey villa with sea views for sale in Praia da Luz, Lagos, Algarve
Lagos, Portugal
REF: 958660
€1,200,000
Description
Tucked away in a quiet enclave of a well-established residential area, this property offers a rare blend of privacy and community, just moments from the beach and the centre of Luz. Situated on a south-facing 1300m plot, the home enjoys ideal sun exposure, beautiful sea views, and a manageable outdoor space that s both private and easy to maintain. Entry is through electric gates onto a charming cal ada driveway, with mature trees and a well-kept lawn, all serviced by a borehole-fed irrigation system. The interior layout is both functional and inviting: a generous entrance hall leads into a spacious open-plan living and dining area, complete with a fully fitted American-style kitchen. Large sliding glass doors open directly onto the garden and pool area, where a covered terrace invites relaxed al fresco living. The bedroom wing features two comfortable double bedrooms that share a bathroom, while the large master suite overlooks the garden and includes walk-in wardrobes and an en-suite bathroom. A guest WC and laundry room complete the main level. Below, there s a garage with space for one car and ample storage plus covered exterior parking for added convenience. Modern comforts include solar panels for domestic hot water, photovoltaic panels for electricity production, air conditioning for heating and cooling, and a closed fireplace in the living room. Originally built in 1992, the home has been thoughtfully renovated and updated over the years. A rare find, this property has sold quickly both times it previously came to market.
Tucked away in a quiet enclave of a well-established residential area, this property offers a rare blend of privacy and community, just moments from the beach and the centre of Luz. Situated on a south-facing 1300m plot, the home enjoys ideal sun exposure, beautiful sea views, and a manageable outdoor space that s both private and easy to maintain. Entry is through electric gates onto a charming cal ada driveway, with mature trees and a well-kept lawn, all serviced by a borehole-fed irrigation system. The interior layout is both functional and inviting: a generous entrance hall leads into a spacious open-plan living and dining area, complete with a fully fitted American-style kitchen. Large sliding glass doors open directly onto the garden and pool area, where a covered terrace invites relaxed al fresco living. The bedroom wing features two comfortable double bedrooms that share a bathroom, while the large master suite overlooks the garden and includes walk-in wardrobes and an en-suite bathroom. A guest WC and laundry room complete the main level. Below, there s a garage with space for one car and ample storage plus covered exterior parking for added convenience. Modern comforts include solar panels for domestic hot water, photovoltaic panels for electricity production, air conditioning for heating and cooling, and a closed fireplace in the living room. Originally built in 1992, the home has been thoughtfully renovated and updated over the years. A rare find, this property has sold quickly both times it previously came to market.
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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 €1,200,000 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 | £988,680 | £1,041,708 | £53,028 |
| Property Price € | €1,200,000 |
| Minimum cost in the last six months | £988,680 |
| Maximum cost in the last six months | £1,041,708 |
| Fluctuating exchange rates over the last six months could have increased the cost of this property by | £53,028 |
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 €1,200,000 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 | £988,680 | £1,041,708 | £53,028 |
| Property Price € | €1,200,000 |
| Minimum cost in the last six months | £988,680 |
| Maximum cost in the last six months | £1,041,708 |
| Fluctuating exchange rates over the last six months could have increased the cost of this property by | £53,028 |
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 £53,028 more.
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