5 Bed Villa for sale
Monchique, Algarve, Portugal
£1,025,904 *
[€1,200,000]
Full Description
A magnificent unique five bedroom house for sale in Caldas de Monchique, situated in a peaceful location on the western hillside surrounded by lush subtropical plants and palm trees.
Originally built in 1938, the Caldas Manor interior has been completely transformed and renovated with only the original walls surrounding the property remaining. Impressive galleries soar two floors high resulting in a spectacular sight to behold, and are home to a great lounging area perfect for relaxing with the family or entertaining friends and family.
New top quality aluminium Georgian style double glazed windows and doors all fitted with antique interior style shutters have recently been fitted and a beautiful glass fronted fan assisted wood burning stove insuring that you are nice and snug in the cooler months. These upgrades will have reduced the existing energy certificate D rating to a much improved level.
On the first floor you will find an open plan living room with a dining area and fully fitted kitchen along with an entertaining area. Upstairs there are three spacious bedrooms, all equipped with their own en-suite bathrooms, cloakroom, utility room and a top terrace.
Stairs from the living room lead to the lower level which has been designed as an apartment and would be a lucrative way of making an additional income if you were to decide to rent this area out, short term or long term. This section has its own private access to the swimming pool and surrounding gardens.
Additional features with this property include solar panels which is used to heat up the water, a central heating system operated through wood burning, a satellite TV system, fibre optics internet facilities and two fireplaces. Water throughout the home is sourced from the Villa Thermal das Caldas de Monchique spa itself which is not something that can be said often with properties for sale in the Algarve.
Thermal has recently been classed as a leader in well-being spa treatments issued by the Association of Spas in Portugal.
The local news for any future buyer of Caldas Manor is that Fundação Oriente has recently sold Villa Termal Caldas de Monchique Spa Resort to a consortium which plans to invest around 10 million in renovation works in and around the resort. This will be a huge boost to Caldas and its surrounding areas, it can only increase the value of properties in the area.
The new owners also want the resort to gain a reputation for its gastronomic experiences. Caldas de Monchiques central square will be home to four new restaurants, all inspired by regional gastronomy and using local and fresh ingredients.
The first phase of the revamp has already been completed, the second stage is going to start again in September of this year.
The consortium includes The Fladgate Partnership, owner of port wine brands Taylors, Croft and Fonseca as well as of several luxury hotels including The Yeatmen in Vila Nova de Gaia near Porto.
Offering complete privacy, this property is spread across four levels and is set back from the main village square, ensuring peace and tranquillity for those who want to escape the hustle and bustle of city life while being close to all local amenities.
The idyllic spa, found in Caldas de Monchique, is thought to echo the architecture of the famous town of Sintra. Caldas was built mostly in the Victorian era and is widely known and has been treasured since Roman times for its curative thermal spring waters.
Situated in the foothills of Monchique, the magical charm of Caldas de Monchique transports you to a different era. The smell of eucalyptus trees and sub-tropical plants amid the freshness of the mountains is an idyllic combination.
Caldas is only fifteen minutes from the centre of Portimão which boasts many restaurants and shopping areas. It is also just twenty minutes from the coastal towns of Alvor and Praia da Rocha with their award winning beaches and the historic town of Silves with its Medieval Castle is also just an easy ten minute drive away.
- REF: IDH31516
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