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What is the cost of a renovation project villa with annex in Algarve?

Villa in Arão

ref. LE2395
647.303CHF 596.077CHF
  • E
  • 4
  • 3
  • 217m2
  • 7.920m2

For those interested in a renovation project, this villa near Mexilhoeira Grande is available for €640,000, reduced from €695,000 for a quick sale. This 4-bedroom country villa boasts an expansive 8,000m² plot, perfect for those looking to invest in property opportunities in Algarve. With a total living space of 217m², it offers an open-plan layout and versatile rooms, including 3 bathrooms and a spacious annex that could serve multiple purposes, including guest accommodation or rental options. The property is ideally positioned just a short drive from the beautiful beaches and golf courses in the region, enhancing its appeal for both personal and investment use. With the potential for significant value increase through renovation, this villa presents an excellent opportunity for smart property investment in Portugal. Embrace the Algarve lifestyle with local amenities and leisure activities within close proximity. Serious buyers can take advantage of this unique offer to create their ideal home or to develop a holiday rental business. Don’t hesitate; properties like this won’t last long in today’s market. Contact us for more information!

Usage
Residential
Type
Villa
Town
Arão
Parish
Mexilhoeira Grande
Municipality
Portimão, Faro
Region
Algarve (West)
Construction Year
1989
Rooms
5
Bedrooms
4
Bathrooms
3
Floors
2
Furnished
Partly
Living Area
217 m²
Usable area
217 m²
Plot Area
7.920 m²
Country Road, Manual Entrance Gate
Driveway
Lounge/Dining
Garden Terrace, Balcony/Terrace
Open Plan, Partly fitted, Partially Equipped
Storage, Annex
1 En-Suite, 2 Bathrooms
Cable/Satellite TV, Internet/Phone
Mains electric, Mains water, Septic tank, Gas Bottle
Single Glazing, Manual Shutters/Blinds
Private
Private, Natural, Fenced
Courtyard, Bread Oven
Countryside View
● 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.
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