This 4-bedroom villa in Arão presents an excellent investment opportunity for buyers looking to capitalize on the thriving Algarve property market. Priced at €640,000, reduced from €695,000, it sits on an extensive 8,000m² plot with considerable potential for renovation. The spacious 217m² villa includes four bedrooms and three bathrooms, ideal for family living or as a rental property with the added benefit of an annex for guests. Located just a short drive of 7.8 km from pristine beaches and popular tourist attractions in Lagos, this villa benefits from a prime location within the Algarve region. The area offers beautiful countryside views, ample outdoor space, and private terraces—perfect for relaxation or entertaining. With the region's popularity as a holiday destination, this property holds great potential for excellent rental income. Buyers can transform the existing structure into a dream home while also benefiting from the opportunity to apply for a B&B licence. Don’t wait for this amazing investment to slip away, schedule a viewing today to see its full potential firsthand!
● 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.
