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€ 620,000

5 room luxury House for sale in Lagos, Distrito de Faro

€ 620,000
175 m² 3 5

Description

4-bedroom house (which can be transformed into 2 2-bedroom houses) with patio and garden + Studio with Garden - Guaranteed Income in Montinhos da Luz, next to Praia da Luz (municipality of Lagos), in a quiet residential area, 2km from the beach, with excellent access and continuous appreciation. Main House (Ground Floor) 4 spacious rooms: living room, bedrooms, or offices, as needed, Functional kitchen, 2 bathrooms, 2 sunny balconies with sea views + private garden + patio with parking space, Potential to be divided into 2 independent dwellings (ideal for coliving, tourism, family + AL) + Independent Studio (former garage) Modern industrial style, Mezzanine with bedroom + living room with integrated kitchen, Full bathroom, exclusive garden with outdoor shower and lounge area, Separate entrance. Performance on Airbnb 2024: with a rating of 4.9 out of 5 and annual income of €35,000, which represents a gross yield of 18.82%, compared to the regional average of 5.6-5.8%. The estimated value of the Studio (sold separately) would be around €130,000, a plan that is included in the total offer. This could be the ideal 'Turnkey' package for investors. Photography, description, active Airbnb account with reservations until September included. Documentation, cleaning/maintenance contacts, all ready for a smooth transition. Immediate income from day 1. Usage Opportunities: 1- Family home. Live in the main house and monetize the studio with AL. 2- Two houses + studio. Segment into 3 units for AL. 3- Guest house or coliving. Space for unique experiences. Why this property? Excellent location in Montinhos da Luz, with constant real estate appreciation. Proven income well above the regional average (yield 18.82%). Complete solution: property, business, and operational support. Versatility in use: personal, tourism, investment, coliving. Energy Classification: C

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Details

Rooms:
5
Bedrooms:
5
Bathrooms:
3
External size:
565 m²
Size:
175 m²
Energy Rating:
C
Reference:
KWPT-019098

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