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PORTUGAL - ALGARVE - LAGOS Looking for a high-potential property in one of the Algarve's most sought-after historic centers ? This traditional house, nestled in a quiet street in the center of Lagos, combines old charm, generous interior volumes and an exceptional location - just a stone's throw f
Lagos, Faro, Portugal
REF: 965539
€520,000
Description
PORTUGAL - ALGARVE - LAGOS Looking for a high-potential property in one of the Algarve's most sought-after historic centers ? This traditional house, nestled in a quiet street in the center of Lagos, combines old charm, generous interior volumes and an exceptional location - just a stone's throw from all amenities and the marina. Originally designed as a family home, it has been extended to optimize the interior space, perfectly suited to residential or rental use. ✅ A rare living space in the center : With 5 bedrooms, 4 bathrooms and a three-level layout, this property offers unusual accommodation capacity for the neighborhood. It's immediately habitable or rentable, while offering strong potential for value enhancement for an investor or a family wishing to modernize. Layout : First floor : Living room, large separate kitchen with two pantries, air conditioning, and bathroom with shower. This floor naturally lends itself to conversion into an open space, with a simple reconfiguration, creating a modern and convivial living area. Second floor : Three bedrooms including a suite (without window) with air conditioning, and a bathroom with shower. Top floor : Two bright bedrooms with direct access to a pleasant covered terrace, a bathroom with bathtub, and a small outdoor patio. Why invest ? Immediate profitability : As a long-term rental, for local workers for example (to whom the house is rented until February 2026). Renovation project : With some work, this house can become a tourism residence full of character, ideal for the seasonal rental market. Also great for a large family looking to live in the heart of the city, in a quiet yet ultra-central location. Prime location : everything within walking distance - market, services, school, marina, beaches, transport - with easy parking in nearby streets. A high-potential property in a strategic location. Contact us now to arrange a viewing ! The reliability of IAD in Portugal, as a subsidiary of an international group operating in France, Spain, Italy, Germany, UK, Mexico and the USA, guarantees you quality service and a complete range of services to make your project a reality. #ref: 141457
PORTUGAL - ALGARVE - LAGOS Looking for a high-potential property in one of the Algarve's most sought-after historic centers ? This traditional house, nestled in a quiet street in the center of Lagos, combines old charm, generous interior volumes and an exceptional location - just a stone's throw from all amenities and the marina. Originally designed as a family home, it has been extended to optimize the interior space, perfectly suited to residential or rental use. ✅ A rare living space in the center : With 5 bedrooms, 4 bathrooms and a three-level layout, this property offers unusual accommodation capacity for the neighborhood. It's immediately habitable or rentable, while offering strong potential for value enhancement for an investor or a family wishing to modernize. Layout : First floor : Living room, large separate kitchen with two pantries, air conditioning, and bathroom with shower. This floor naturally lends itself to conversion into an open space, with a simple reconfiguration, creating a modern and convivial living area. Second floor : Three bedrooms including a suite (without window) with air conditioning, and a bathroom with shower. Top floor : Two bright bedrooms with direct access to a pleasant covered terrace, a bathroom with bathtub, and a small outdoor patio. Why invest ? Immediate profitability : As a long-term rental, for local workers for example (to whom the house is rented until February 2026). Renovation project : With some work, this house can become a tourism residence full of character, ideal for the seasonal rental market. Also great for a large family looking to live in the heart of the city, in a quiet yet ultra-central location. Prime location : everything within walking distance - market, services, school, marina, beaches, transport - with easy parking in nearby streets. A high-potential property in a strategic location. Contact us now to arrange a viewing ! The reliability of IAD in Portugal, as a subsidiary of an international group operating in France, Spain, Italy, Germany, UK, Mexico and the USA, guarantees you quality service and a complete range of services to make your project a reality. #ref: 141457
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Currency Exchange
Lagos, Faro, 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 €520,000 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 |
|---|---|---|---|
| €520,000 | £428,428 | £451,407 | £22,979 |
| Property Price € | €520,000 |
| Minimum cost in the last six months | £428,428 |
| Maximum cost in the last six months | £451,407 |
| Fluctuating exchange rates over the last six months could have increased the cost of this property by | £22,979 |
Lagos, Faro, 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 €520,000 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 |
|---|---|---|---|
| €520,000 | £428,428 | £451,407 | £22,979 |
| Property Price € | €520,000 |
| Minimum cost in the last six months | £428,428 |
| Maximum cost in the last six months | £451,407 |
| Fluctuating exchange rates over the last six months could have increased the cost of this property by | £22,979 |
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 £22,979 more.
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