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Algarve Villa for sale
Lagos | Ref: 4902
Bedrooms:  8
Year:  1986
Plot Area:  690 m2
Price:  695,000.00 | £599 138
Villa with potential for holiday lettings

Forbes has nominated the Algarve as the Nº 1 place to live post Coronavirus

Large Villa for sale with high potential for holiday lettings, located in an established residential area in Lagos town, within easy reach to all local amenities and to several beaches. The property has been extended and refurbished in 2016. It is licenced for local lodging establishment (alojamento local). The PROPERTY has been CONVERTED INTO 3 self-contained APARTMENTS and the MAIN HOUSE, comprising: MAIN HOUSE with 3 bedrooms: •Separate entrance at toplevel with terrace (´first floor´ with direct street access) •Living room with fire place and dining area •2 bathrooms •Office •Kitchen •Hallway •Wooden staircase leading to a large roof terrace and 3 side terraces, one with barbecue, - extra dry storage on roof terrace 1st APARTMENT - (approx. 105 m2) WITH 2 BEDROOMS: •Separate entrance at ground floor with terrace in front and direct access to the street. •Big living room with dining area (currently in use as communal bedroom) •2 bathrooms •Kitchen area has been turned into extra bathroom facilities 2nd APARTMENT - (approx 105 m2) WITH 2 BEDROOMS •Separate entrance at ground floor with terrace in front with direct street access. •Living room (currently in use as communal bedroom) •1 bathroom •Kitchen with dining area 3rd APARTMENT - (approx. 35 m2) WITH 1 BEDROOM •Separate entrance at ground floor with terrace in front with direct street access. •Living room with kitchen and dining area •1 bathroom (accessible for the disabled and wheelchairs) EXTRA APARTMENT space next to swimming pool, partly open, fully covered (approx. 35 m2): •Currently in use as a bar and lounge room, with its separate entrance at ground floor level with a terrace in front and right next to the swimming pool. The whole house and all the 3 apartments have build in wooden cupboards in all bedrooms. All units have separate warm water facilities, sufficient electricity and water supply and air conditioning systems (7 in total and 1 spare unit). OUTSIDE, GROUND FLOOR: • LAUNDRY ROOM with washing machine and a dryer. • SHED (approx. 2 x 3 m) for storage/tools/ etc. with a small separate room for the pump of the swimming pool with its water filtering system and time clock. • There are 2 more lockable closets outside. •GAME ROOM AREA is under a roof construction which makes it accessible all year round. This space can also be used as a covered parking for 4 cars instead. SWIMMING POOL: • The pool has a depth ranging from 90 – 190 cm and measures approx. 3,50 x 7,50 m. The property is rented out and having tenants. It is possible taking over the rental contract, (or you can end the rent with a 6 month notice).

Portugal Property How to Choose the Right Real Estate

How to Choose the Right Portugal Real Estate for You

Portugal Real Estate has been attracting investors from different parts of world.  

Portugal is not only a perfect place for those looking to live close to nature, but also for those who are seeking for opportunities to grow their trade. However, a major decision like this needs to be deliberated thoroughly. Your investment can turn into a burden if the property will not prove right for you.

Why Buy a Property in Portugal

Portugal is a region in the southernmost part of Europe. For example the Algarve It is not just any region, but the third richest in the country. About 10 million tourists spend their vacation in Algarve each year. The town of Lagos in particular, are popular for its gorgeous beaches, verdant pastures, and spectacular historical sites.

The climate is mild, with infrequent rains during the period from December to March. Summer is when all the fun begins, with most holiday-makers spending their time by the shore. Restaurants are in every corner, serving a wide range of delectable cuisines and wines. Luxury golf courses, nightlife, shopping centres, and supermarkets surround the residential areas.

Factors to Consider When Buying Portugal Real Estate

Portugal Property for sale is not limited to homes, villas, and apartments. There is a Portugal Real Estate for any budget and specification. To find the right property to buy, it will help to consider the factors below.

  • Security. Portugal is an economically stable country. There are instances of inflation, but the real estate industry remains strong. This may attribute to minimal crime rates and low cost of living. Jobs are offered from different sectors—tourism, fishing and aquaculture, manufacturing, etc. A significant portion of the population is content at working from home. Whether you are looking for a property to turn into rented accommodations, to resell for a higher price, or to make your home, you will never go wrong with Portugal property for sale.
  • Budget. Portugal Real Estate prices are lower compared to real estate prices in other European territories. But before you look for a specific property to buy, you need to set your price range first. It can be easy to get persuaded by sales talk from a real estate agent. A little more than your target price will not hurt, but once you go beyond your price range, you may not know when to stop. Stick to your budget to avoid the risks of a financial trouble.


Specifications. Determine the specifications of the property you want to buy. Look ahead in the future, and decide what you will use the property for. The number of rooms you need, the size of the kitchen, or the style of the house should be planned well. Portugal Real Estate websites can help you find the property that fits your description. You can also use a Real Estate agent if you are not comfortable about finding a property on your own. Nevertheless, you should check for his or her background first.


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