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What investment opportunities are there for a farmhouse renovation near Olh\u00e3o?

Plot in Olhão

ref. TV1693
5.676.761NOK
  • NA
  • 138m2
  • 18.000m2
  • Building Plot

This property near Olh\u00e3o presents an exceptional investment opportunity for farmhouse renovation. Set on a vast agricultural plot of 1.8 hectares, it includes a traditional farmhouse in a state of ruin with the potential for extensive renovation or redevelopment. With an approved project paving the way for a 1,500m² construction, you can create a unique space with nine en-suite rooms, perfect for rural tourism or private residence. The property is conveniently located just 5 km from Olh\u00e3o, offering proximity to essential amenities and vibrant local culture. The plot features a mix of established trees such as figs and olives, providing charm and agricultural potential. Close to stunning beaches like Praia dos Cavacos (3 km away), this location is ideal for outdoor enthusiasts and those seeking a serene lifestyle. Additional features include traditional structures like a well and cisterna, which could be converted into a swimming pool, enhancing the property's allure for guests. If you're looking for a substantial investment in the Algarve, this farmhouse could transform into a lucrative venture. Don't miss out on this remarkable opportunity to create a bespoke property in one of Portugal's most sought-after regions. Contact us today for more information!

Usage
Residential
Type
Plot
Town
Olhão
Parish
Quelfes
Municipality
Olhão, Faro
Region
Algarve (East)
Floors
2
Living Area
138 m²
Surface area
178 m²
Plot Area
18.000 m²
Driveway
well, Mains electric
Fruit Trees
Panoramic View, Countryside View
Building Plots
• Living Area: 138 m², Construction area: 178 m² – existing farmhouse
• Plot: 18,000 m²
• Year of Construction: pre-1951
• Project specifications available on request
• The price includes the plot and the approved project but not the construction of the building
• Short drive to town and all amenities
• Distance to the nearest beach 3 km

This property has enormous potential, with an existing old farmhouse (in ruins), other buildings and surviving, traditional agricultural features set in a large fertile agricultural plot of 18,000 m2, with only a few neighbours.

The existing ruin offers the opportunity to create a new house or to renovate and extend the traditional farmhouse. Recently, a project has been approved by the local council for a 1,500m2 construction including nine en-suite rooms, roof terraces and basement garage.

The ruin is located at the highest point of the diamond-shaped plot, in the northerly corner with the land sloping gently away from a ridge along the eastern boundary and descending in terraces to a brook that runs along western edge of the property. Access is via a 50m shared driveway from the tarmac road and, at the other end of the plot, a private path.

The land was used as a productive family farm with a mix of established trees including figs, olives, carobs, nêsperas, orchards of citrus and almonds, vegetable patches, arboriculture and watercourse beds. The surviving well, nora and cisterna are remarkable features, which could be restored, or the cisterna could be converted into a swimming pool.

The property would make an idyllic rural retreat for a family home or a fantastic agro-tourism or holiday project. Please contact our agency for more details.

Amenities

• Mains electricity, telephone and mains water for connection nearby
• Fertile land with established trees, orchards, market gardening
• Large well with good water readily available
• Other traditional agricultural features – nora, cisterna, eira and terracing

Location

• A short drive to Olhão (5 kms) with all its amenities and year-round entertainments and activities: supermarkets, banks, post office, restaurants, cafés, shops, pharmacies, medical centres, schools, newsagents, sporting facilities and public swimming pool, the famous fish market, marina, other markets and much more.
• Beaches: Praia dos Cavacos (3 kms), Praia da Fuzeta (8 kms), Praia de Faro (20 kms)
• Golf: Colina Verde (10 kms); Quinta do Lago Laranjal (23 kms); Benamor (25 kms)
• Faro International Airport: 18 kms
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