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4 Bed Villa for sale

Vale Formoso, Algarve, Portugal

£590,710 *

 [€660,000]

Property Details

  • Bedrooms: 4
  • Bathrooms: 5
  • Plot size: 2350 m2
  • Habitable space: 240 m2

Features

  • Pool
  • Garage
  • Double Glass
  • AC
  • Garden
  • Energy performance certificate – D

Full Description

A great opportunity in a great location on the hillside of Vale Formoso. This property offers a unique investment for those looking for any number of options. As it sits presently the property has two separate 'apartments', one on each floor. In each, there is a lounge, dinning area, kitchen 2 bedrooms and 2 bathrooms, plus a storage room. These are both in very good condition, with air conditioning and with the South facing aspect the living areas of both have excellent natural light and wonderful views. This configuration offers a great potential for rental / B & B income type investments.
Alternatively the property could be redesigned as a single 4 bedroom villa, this would require primarily an internal stair case and removal of one of the kitchens, along with some other tweaks with the bedroom layouts. Ultimately this would greatly enhance the value of the property with views like this, and in a such prime location this option would appeal to investors, or someone with experience in refurbishment looking to get a lot more property for their money, and unafraid of some renovations.
The plot sits at over 2,000m2 with the majority on the south facing side of the property, meaning excellent sun exposure. Presently there is a paved area, with a covered BBQ area to the side and a raise pool. Beyond this the plot is used for vegetables and fruit tree's. Again this could be landscaped depending on the new owners wishes. There is also a further garden area to the rear of the property.
Great potential and in a location that is highly desirable, this property offers an fantastic opportunity. For similar options or some ideas on what this property could be worth in either rental income, or as a renovated villa give us a call.
Energy Rating: D
#ref: VIL_1940

This property listing (ref: VIL_1940) is an advertisement supplied by Infinito Real and does not constitute property particulars. While aplaceinthesun.com (APITS Ltd.) requests all advertisers supply correct details, it does not carry out checks on the information supplied and cannot be held responsible for any inaccuracies. Aplaceinthesun.com recommends seeking independent legal advice prior to any overseas property purchase.

*Based on an exchange rate of 0.9 from Euro to GBP. This rate is updated daily and is supplied by A Place in the Sun Currency.

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