The Algarve is renowned for its picturesque landscapes and vibrant culture, making this 4-bedroom renovation project an exciting opportunity for those looking to invest. Priced at €640,000, this country villa near Mexilhoeira Grande encompasses an impressive 8,000m² plot, providing a blank canvas for creating a truly bespoke living space. Investors will appreciate the surrounding natural beauty while envisioning the potential of transforming this property into a unique sanctuary or lucrative Bed & Breakfast. The spacious villa includes essential amenities and already boasts a private swimming pool and annex, which can be renovated for additional guest spaces or leisure rooms. Located within a short drive to stunning beaches and charming towns like Lagos and Portimão, this area is perfect for both relaxation and active pursuits. The market potential for a well-designed property in this region is significant due to its popularity among tourists and relative affordability. With some love and renovations, buyers can create an extraordinary retreat that aligns with the high demand for quality accommodations. Don’t miss out on this exceptional investment within the beautiful Algarve. Let’s discuss your renovation ideas and schedule a viewing!
● 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.
