Top Architecture And Design In One Of Portugal's Hotspots

Key Information

Price:: €2,450,000
Reference:: PP174624
Type:: House
Location:: Lagos, Western Algarve
Region:: Algarve
Country:: Portugal (PT)
Bedrooms:: 3
Bathrooms:: 4
Living Area:: 239m²
Plot Size:: 900m²

Description

Plots 5, 6, and 7

Build size from 239,30 m2- 240 m2

Plot 5 is under construction.

Key in hand "turnkey" is the sum of Plot + Construction

Here is your fantastic opportunity to acquire exceptional architecture and design in one of Portugal's premier destinations. These houses boast a remarkable return on investment, an impressive rental yield, and enhance convenience with luxury.

Discover this fresh development within an exclusive community featuring nine distinct plots meticulously crafted by the same esteemed firm. Each residence embodies a unique aesthetic, promising a captivating visual journey. These plots are all situated on a scenic hill overlooking the ocean, which makes each home provide inspiring sea views.

Convenience and luxury define these properties, each boasting an underground garage equipped with elevators that ascend from ground level and make you experience a true James Bond moment every time you enter or exit your garage.

With their prime location and competitive pricing, these properties promise lucrative returns with high rental occupancy rates.

5 minutes from the historic town of Lagos

Price increase

7.7% - March 2023

4.3% - December 2023

Rental yield is between 5% and 7%.

The average annual rental occupancy is 63% (short-term)

Rental season starts around Easter, continues until the end of October, and peaks during the summer.

Enjoy the peaceful winter sun and have the great option of renting out the rest of the year. Or enjoy for yourself all year around this beautiful architecture and surroundings.

Additionally, we provide comprehensive property management services to facilitate effortless renting when you're away, ensuring a hassle-free income stream.

Get in touch with us if you need more information.

Ref: PP174624