The cost of a renovation project for a villa with an annex in the Algarve can vary significantly based on the extent of work required and the property type. This particular 4-bedroom country villa with an annex near Mexilhoeira Grande is priced at €695,000 and offers a wonderful canvas for those ready to invest in renovation. With a spacious living area of 217m² and an expansive 8,000m² plot, you’re literally buying a lot of potential.
For this villa, buyers can anticipate renovation costs that may cover updates to the kitchen, bathrooms, structural changes, and landscaping to enhance the property’s natural beauty. The potential for transformation into a cosy family home, retreat, or lucrative rental property is immense. The annex, currently utilized for various purposes, appends additional possible configurations that could enhance both usability and value.
With the villa standing just 7.8 km from the beach and only a short drive from urban conveniences, it represents a desirable location for both personal use and rental. The potential financial advantage includes increased property value post-renovation, especially in a prime tourist area like Algarve.
Investing in this renovation project could yield a significant return on investment, given the popularity of this region among both vacationers and residents. Contact us now to receive detailed information on potential renovation costs and start your journey towards making this villa your dream investment!
● Living area 217m², Construction area 217m²
● Plot 7920m²
● Year of construction 1989
● 4 Bedroom, 3 Bathrooms
● Private terraces
● Annex
● Distance to the beach 7,8km
This 4 bedroom country retreat has great potential and, with some love, attention and renovation could be the secluded dream home you have always wanted. Built in 1989, this property has an open plan layout, beautiful country views, private terraces and gardens which, with some investment into renovation offers potential as a large family home, smallholding or future opportunity as a possible B&B with the approved application by the new owner.
The property consists of:
Ground Floor
• Entrance hall
• Living/dining room with patio doors.
• Fitted and equipped open-plan kitchen
• 2 double bedrooms (1 with en-suite bathroom)
• 3rd bedroom/Study
• Family bathroom
• Patio doors to a balcony and staircase
First Floor
• Double bedroom
• En-suite bathroom
• Patio doors to a large terrace and stairs
Outside Areas
• Terraces
• BBQ
• Bread ovens
• Large natural garden
• Swimming pool and tiled surround
• Large annex
• Pergola
• Garage
Amenities
• Mains electric and water
• Septic tank
• Single glazing with manual shutters
Location
• 7.8km from the Beach
• 7km to the Sea
• 6.4km to nearest golf course (Penina)
• 3.3km to nearest school
• 75.9 km to Faro airport
• 3km to Nearest town (Mexilhoeira Grande)
•10km Lagos/13km Portimao
Other Info
• Pool, garage, annex and pergola are not registered.
• Property has a public right of way and water course, which must be maintained.
