Algarve, Lagos, Portugal
- PROPERTY TYPE
Villa
- BEDROOMS
3
- BATHROOMS
2
- SIZE
1,561 sq ft
145 sq m
Key features
- 3 bedrooms
- House area: 145 sqm
- 2 bathrooms
- Fireplace
- Construction year: 1983
Description
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
Algarve, Lagos, Portugal
NEAREST AIRPORTS
Distances are straight line measurements- Faro(International)40.2 miles
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Notes
This is a property advertisement provided and maintained by Jinny Harman Villas / Luz Villa Rentals, Algarve (reference 283775_LV-136Custodio) and does not constitute property particulars. Whilst we require advertisers to act with best practice and provide accurate information, we can only publish advertisements in good faith and have not verified any claims or statements or inspected any of the properties, locations or opportunities promoted. Rightmove does not own or control and is not responsible for the properties, opportunities, website content, products or services provided or promoted by third parties and makes no warranties or representations as to the accuracy, completeness, legality, performance or suitability of any of the foregoing. We therefore accept no liability arising from any reliance made by any reader or person to whom this information is made available to. You must perform your own research and seek independent professional advice before making any decision to purchase or invest in overseas property.