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Property Description ID:41639679
The building was orginally built in the late 1800/early 1900's and is being completely rebuilt from the ground up. The completed project will keep much of the traditional charm while bringing the building and plot into the 21st century. The architect/project manager is very well known in Portugal and is famous for High Quality projects, so any buyer can be confident it will be finished to the highest standard.
Rental potential in this areas is extremely good. There are many independant villas in this area, making large sums during the summer months. This Villa is very close to Vilamoura, which is the highest searched area for summer rentals in Portugal. You could easily charge over €1500/week in high season for a property like this. Annual rental projection should be around 5-6% per annum.
The asking price is well below its completed market value, so is an absolute steal for any investor looking at low capital realestae options. Due to the level of renovations that are taking place, the property also qualifies for the 350 Golden Visa programme.
More information can be requested on demand.
PW2014
* Beds: 3
* Baths: 3
* m2: 113
* Price Per m2: 3,761.06€
* Lot Size: 1209 m2
* District: Boliqueime
* Type: Golden Visa 350,000, House, Villa
* Property ID #: PW2014
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Important Property Information
Available Units
3 Bed House
- GBP Price: £372,037
- EUR Price: €425,000
- USD Price: $438,090
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