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How much is an investment property with renovation potential in the Algarve?

Villa in Lagos

ref. LW2225
2.900.000€
  • B
  • 4
  • 4
  • 209m2
  • 1.681m2
  • Modern Construction

For those looking for an investment property, this 4-bedroom villa in Porto de Mós is an excellent choice with a current price of €2,900,000. The property includes extensive renovation potential, making it an attractive option for buyers wanting to customise their new home. Located just 780 meters from beautiful beaches and close to local amenities, this villa offers a unique opportunity for significant equity growth. Presently, it features spacious interiors with a practical layout designed for family living. The living area and kitchen lead directly to the outdoor spaces, which include a pool and barbecue area, perfect for entertaining. The planned renovations promise high-quality fixtures and Bosch appliances, enhancing the property's value. With a generous plot size of 1681m² and ample outdoor terraces, there’s plenty of room for further enhancements. This area of the Algarve is in high demand for both holiday rentals and permanent residences, ensuring potential for impressive ROI. Don’t miss the chance to transform this villa into your dream property. Contact us for more information about this lucrative investment opportunity!

Usage
Residential
Type
Villa
Town
Lagos
Parish
Lagos (São Sebastião e Santa Maria)
Municipality
Lagos, Faro
Region
Algarve (West)
Construction Year
2002
Renovation Year
2024
Rooms
6
Bedrooms
4
Bathrooms
4
Floors
3
Living Area
209 m²
Usable area
595 m²
Plot Area
1.681 m²
Tarmac, Electric Gates
Double Garage, Underground Garage, Parking outdoors
Lounge/Dining, Open Plan
Balcony/Terrace, Garden Terrace
Fully Fitted, Fully Equipped
Storage
Fitted Wardrobe, Dressing Area
4 En-Suites, 2 WC
AC, Under floor heating
Central Vacuum, Alarm System, Intercom, Safe
Mains electric, Mains water, Mains drainage
Double glazing, Electric Shutters/Blinds
Swimming Pool, Jacuzzi
Landscaped, Fenced
Panoramic View, Sea View, Views of surrounding houses
Modern Construction
• 4 bedrooms, 4 en-suite bathrooms
• Living area Approx 209m² Construction approx 595m²
• Footprint 175m²
• Plot area 1681m²
• Due for completion 2024
• Located in Porto de Mós, Lagos
• Distance from beach 780m

This modern property will include all you would expect from a new build villa. High standard specifications and all electrical equipment and appliances in the kitchen are Bosch. Construction work will begin on the existing property at time of purchase and will take approx 12 months.

This home has generous areas, and the layout is very functional as a family home. The outdoor space, first floor bar and terrace, and large swimming pool will make this a handsome home built for socialising and enjoyment. Would make a perfect holiday retreat or full-time family home.

The property consists of:

Ground Floor
• Entrance Hall
• Dining area
• Kitchen with access to outdoor BBQ area
• Living area with access to terrace
• 2 double bedrooms with en-suite bathrooms
• Separate WC
• Patio doors to a terrace, overlooking the pool and gardens

First Floor
• 2 double bedrooms with en-suite bathrooms
• Separate WC
• Patio doors to a large first floor terrace, with bar and sea views

Basement
• Double garage

Outside
• Enclosed double garage
• BBQ area
• Fully fenced, landscaped garden
• Large, private pool

Amenities

• Electric Gates
• Electric window blinds and blackouts
• LED Lighting
• Central Vacuum
• Underfloor heating
• Enclosed double Garage
• Alarm System
• Satelite TV

Location

• 780m from the Beach
• 2.5km to Lagos
• 3.5km to nearest golf course (Boa Vista)
• 1.3km to nearest school
• 89.2km to Faro airport
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