Investing in this large 8,000m² plot in Mexilhoeira Grande is brimming with opportunities. Priced at €640,000, this 4-bedroom villa, in need of renovation, can be transformed into a stunning family home or a profitable B&B, given the approved plans that can be obtained by the new owner. The property spans a generous living area of 217m² and features an annex that adds versatility for prospective uses. The calm, rural setting provides a peaceful lifestyle while remaining close to the amenities of Lagos and Portimão, both within a 10-km radius. Additionally, being just 7.8km from the coast and near multiple golf courses makes this an attractive location for tourism and rentals. The property’s open-plan layout allows for various configurations that suit your investment strategy, and with the potential to create a unique retreat, this could yield great ROI. Don't miss this chance to invest in a property that promises both tranquillity and lucrative potential. Contact us for more information or to arrange a visit!
● 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.
