Spacious 7-Bedroom Home in Lagos – Excellent Rental Potential

€1,050,000

9 Rooms
7 Bedrooms
5 Bathrooms
302 m² Total surface
302 m² Living area
175 m² Plot surface

Description

This spacious 7-bedroom property is located just a short walk from the historic center of Lagos, the beautiful Marina de Lagos, and some of the Algarve’s best beaches. The property offers easy access to local grocery stores, restaurants, bars, and a variety of sports activities. Inside, the house features an open-plan kitchen and dining area, perfect for hosting family gatherings or enjoying meals together, complemented by a large, bright living space. One of the standout features is the expansive rooftop terrace, offering plenty of potential for creating an outdoor lounge, garden, or relaxing space with stunning views of the surrounding area. This space is ideal for enjoying the sunny Algarve weather and adds significant value to the home. The property also boasts a spacious, sun-filled patio—perfect for relaxing or hosting guests. Its generous layout makes it a great fit for those seeking a family home, but it’s also a fantastic option for anyone interested in running a guest house or rental business, given Lagos’ popularity with international travelers. With more and more visitors discovering the charm of the Western Algarve, this home offers excellent potential for generating additional income through holiday rentals or short-term stays. If you’re looking for a well-located, versatile property with plenty of opportunity, this is one you won’t want to miss.

Features

Air conditionBalconyBuilt-in kitchenGaragePatioSecurity systemBuilt in wardrobeGuest toiletFurnished

Engel & Völkers Lagos

+351 282 249 517

Your advisor: Liliia Mohyrova

Property ID: W-02VFQO

Location: Lagos, Faro District

Lagos: Location, Surroundings, and Investment Opportunity Investing in property in Lagos is a compelling opportunity, given its rising popularity and the region’s robust tourism performance. With its welcoming atmosphere and growing visitor numbers, Lagos presents a promising investment in a thriving and culturally rich area. Lagos is a historic and vibrant city situated on the beautiful Western Algarve coastline, drawing visitors with its unique blend of cultural and natural attractions. Recognized by Tripadvisor for its outstanding tourism appeal, Lagos offers a wealth of attractions, including glorious beaches, a charming historic center that retains its traditional character, and picturesque cliffs. The city is ideally positioned within the Algarve, a region that has seen remarkable growth in tourism. In 2023, the Algarve's tourism industry surpassed pre-pandemic performance metrics, with visitor numbers and revenue exceeding those of 2019. This positive trend underscores the region’s appeal as a top European destination, fueled by a consistent influx of visitors and a high rate of repeat guests. The Algarve’s reputation for safety and its diverse range of activities make it an attractive choice for travelers year-round. Among the Algarve’s many offerings, Lagos stands out with its variety of nearby beaches, including options for surfing, scenic hiking trails, and stunning coastal cliffs. The city also boasts a marina with luxurious yachts, making it an ideal base for exploring the Western Algarve. Lagos combines all these features to offer a uniquely compelling destination within the region. Don't miss the chance to acquire a prime property in Lagos, a standout choice in the Algarve. Contact us today for more information or to schedule a viewing.

Commission details

Availability upon agreement. This material is based upon information which we consider reliable, but because it has been supplied by third parties, we cannot represent that it is accurate or complete and it should not be relied upon as such. This offering is subject to errors, omissions, change of price or withdrawal without notice. Taxes, notary and registry fees must be paid by purchaser, the commission by the seller as stipulated by Portuguese regulations.