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What is the investment potential of a farmhouse near the beach in Algarve?

House in Lagos

ref. LW2361
495.000€
  • F
  • 2
  • 1
  • 76m2
  • 36.320m2
  • Farm

The investment potential of this farmhouse near the beach in the Algarve is remarkable. Situated just 3km from Meia Praia Beach, this expansive property spans approximately 3.6 hectares, providing ample opportunities for various ventures, including residential or tourism projects. With the potential to expand the farmhouse to 300m² or even 600m², it can cater to the growing demand for holiday accommodation in this desirable region. The land features terraced meadows and a plethora of fruit trees, making it an attractive option for those interested in agricultural pursuits or eco-tourism. The solid structure of the farmhouse, which requires renovation, provides a blank canvas for design and expansion. Furthermore, the proximity to amenities and the centre of Lagos ensures ease of access for potential guests or residents, enhancing its rental potential. Investors will appreciate the unique opportunity to create a sustainable retreat, benefiting from stunning countryside views and abundant sunlight throughout the day. Connect with us to explore this golden opportunity in Algarve's thriving real estate market!

Usage
Residential
Type
House
Town
Lagos
Parish
Lagos (São Sebastião e Santa Maria)
Municipality
Lagos, Faro
Region
Algarve (West)
Construction Year
1947
Rooms
4
Bedrooms
2
Bathrooms
1
Floors
1
Living Area
76 m²
Usable area
76 m²
Plot Area
36.320 m²
Tarmac
Parking outdoors
Storage
Mains electric, Mains water, well, Septic tank
Single Glazing, Security Grills
Natural, Fenced, Fruit Trees
Countryside View, Panoramic View
• Living Area 76m²
• Plot Area 3.6ha
• Year of Construction Pre-1951
• 4 Divisions
• Possibility for expansion, with approval
• Distance from beach 3km

This Portuguese 2-bedroom stone farmhouse sits within 3.6 hectares of mixed land, consisting of a flat part of approx. 1.7ha with separate entrance (ideal for horses) which can be used as pastureland. Over half of the property is built in terraces with various fruit trees, including figs, olives, almonds, tangerines, grapes and oranges and many more as well as an irrigation system. A well, water tank, bread oven, and outbuildings, and could be ideal for many purposes like, touristic projects or agriculture. The views of the countryside and the Serra de Monchique are breathtaking. This property could be ideal (with the right planning permission to expand the living space to 300m² or for tourism purposes up to 600m²) for a large family, a working farm, or even a farm with rentals and animals. Sun exposure all day from sunrise to sunset. A viewing is highly recommended!

The house consists of:
• 4 Divisions
• Separate bathroom

Outside:
• 2 Stone outbuildings & animal barn next to the main house
• 5-6 tiers and approx 17,000m² of flat land
• Bread Oven
• Water pump
• Well ( registered )
• 8x8 water tank

Amenities

• Connection to mains water and electricity
• Well with pump
• 2 Entrances
• Fenced land

Location

• 3km from the Beach (Meia Praia)
• 1.7km from the marina
• 3km to Lagos centre
• 4.8km to nearest golf course (Boa Vista)
• 2.9km to nearest school
• 89km to Faro Airport

Other Info

Requires a complete renovation for various usage models
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