3 bedrooms Villa for sale in Lagos, Portugal No. 296981

3 bedrooms Villa in Lagos, Portugal No. 296981

$ 764 205

$ 5 270 per m²

3 Bedrooms

2 Bathrooms

145 Living space, m²

Lagos, Portugal

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Parameters

Bedrooms

Bathrooms

Living space, m²

145

296981

Type

Villa

Completion date

IV quarter, 1983

Property description

Charming 3-Bedroom Villa with Licensed AL Annex – Montinhos da Luz
Live and earn in one of the Algarve’s most peaceful residential areas.
This spacious 3-bedroom villa, located in the tranquil neighbourhood of Montinhos da Luz, offers the ideal combination of comfortable living and an established rental income stream.

Situated on a generous 565 m² plot, the main house offers 145 m² of interior space, including three bedrooms, a rooftop terrace with lovely views, and ample potential to update and personalise the home to your style. While the villa would benefit from some renovation work, it presents an excellent opportunity for both homeowners and investors.

What truly sets this property apart is the 30 m² annex, fully licensed for Alojamento Local (AL), which currently generates approximately €30,000 net income per year. Whether you're looking to manage a small hospitality business, expand the existing rental setup, or convert the main house into additional AL units, the possibilities are wide open.

Key Features:
3-bedroom villa (145 m²)

Plot of 565 m²

Rooftop terrace

30 m² annex with AL license

Approx. €30,000/year net income from AL

Main house requires some renovation

Quiet residential area near Praia da Luz

This property is perfect for those seeking a live-work lifestyle, retirees looking to supplement their income, or investors wanting to grow their AL portfolio in a sought-after location close to the coast.
REF: LV/136 Custodio

Features

Terrace

Statistics Lagos

$ 3 343

Price per m²

Quality of Life Index

Cost of living Index

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Lagos

Difference

Monthly Rent Cost

1-Room Apartment

$ 689

2-Room Apartment

$ 398

Apartment Purchase Price per m²

In the City Center

$ 3 343

Outside the City Center

$ 1 800

Crime Index

Cost of Living and Rent Index

Purchasing Power Index

Property Price to Income Ratio

116

Safety Index

Traffic CO₂ Index

8615

Traffic Inefficiency Index

396

Rent Index

Health Care Index

Groceries Index

Pollution Index

Traffic Commute Time Index

Restaurant Price Index

Climate Index

Cost of Living Index

Quality of Life Index

Traffic Index

349

Restaurants

Meal, Inexpensive Restaurant

$ 3.00

Meal for 2 People, Mid-range Restaurant, Three-course

$ 50.00

McMeal at McDonalds (or Equivalent Combo Meal)

$ 5.00

Domestic Beer (0.5 liter draught)

$ 1.00

Imported Beer (0.33 liter bottle)

$ 2.00

Coke/Pepsi (0.33 liter bottle)

$ 0.47

Water (0.33 liter bottle)

$ 0.28

Cappuccino (regular)

$ 2.30

Markets

Milk (regular), (1 liter)

$ 2.73

Loaf of Fresh White Bread (500g)

$ 1.14

Eggs (regular) (12)

$ 1.69

Local Cheese (1kg)

$ 6.27

Water (1.5 liter bottle)

$ 0.34

Bottle of Wine (Mid-Range)

$ 3.12

Domestic Beer (0.5 liter bottle)

$ 0.66

Imported Beer (0.33 liter bottle)

$ 0.91

Cigarettes 20 Pack (Marlboro)

$ 1.28

Apples (1kg)

$ 2.59

Chicken Fillets (1kg)

$ 4.08

Oranges (1kg)

$ 1.97

Potato (1kg)

$ 1.92

Lettuce (1 head)

$ 1.96

Rice (white), (1kg)

$ 1.67

Tomato (1kg)

$ 1.85

Banana (1kg)

$ 1.83

Onion (1kg)

$ 1.90

Beef Round (1kg) (or Equivalent Back Leg Red Meat)

$ 4.28

Transportation

One-way Ticket (Local Transport)

$ 0.72

Monthly Pass (Regular Price)

$ 36.35

Gasoline (1 liter)

$ 0.77

Volkswagen Golf 1.4 90 KW Trendline (Or Equivalent New Car)

$ 20 363

Taxi Start (Normal Tariff)

$ 1.22

Taxi 1km (Normal Tariff)

$ 2.20

Taxi 1hour Waiting (Normal Tariff)

$ 4.69

Toyota Corolla Sedan 1.6l 97kW Comfort (Or Equivalent New Car)

$ 20 566

Utilities (Monthly)

Basic (Electricity, Heating, Cooling, Water, Garbage) for 85m2 Apartment

$ 64.84

Internet (60 Mbps or More, Unlimited Data, Cable/ADSL)

$ 31.85

Mobile Phone Monthly Plan with Calls and 10GB+ Data

$ 9.31

Salaries And Financing

Average Monthly Net Salary (After Tax)

$ 111

Mortgage Interest Rate in Percentages (%), Yearly, for 20 Years Fixed-Rate

18%

Sports And Leisure

Fitness Club, Monthly Fee for 1 Adult

$ 31.25

Tennis Court Rent (1 Hour on Weekend)

$ 9.11

Cinema, International Release, 1 Seat

$ 5.82

Clothing And Shoes

1 Pair of Jeans (Levis 501 Or Similar)

$ 19.22

1 Summer Dress in a Chain Store (Zara, H&M, ...)

$ 27.99

1 Pair of Nike Running Shoes (Mid-Range)

$ 64.61

1 Pair of Men Leather Business Shoes

$ 57.07

Childcare

Preschool (or Kindergarten), Full Day, Private, Monthly for 1 Child

$ 549

International Primary School, Yearly for 1 Child

$ 14 368

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