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Lucrative Renovation Project in the Countryside

In Mexilhoeira Grande, Portimão

algarve property for sale,portugal property,relocate to the algarve,villa in algarve

  • 5
  • 5
  • 220 m2
489.000 €

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Lucrative Renovation Project in the Countryside

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Lucrative Renovation Project in the Countryside

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Lucrative Renovation Project in the Countryside

Property Details

  • Reference IDH30715
  • Type Villa
  • Certification F
  • Bedroom(s) 5
  • Bathroom(s) 5
  • House area 220 m2
  • Land area 1160 m2
  • Zone Mexilhoeira Grande
  • City Portimão
  • Region Faro

Description

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Villa for sale in Mexilhoeira Grande

A perfect renovation project available for purchase within the popular town of Portimão. A great investment for both long-term and short-term lets, a vacation home or somewhere for the whole family to relocate.

Offering huge potential to either restore back to its original condition, or completely transform into something unique with your own tastes and ideas. Situated within the peaceful countryside, this property is currently comprised of five bedrooms, five bathrooms, a kitchen, a living/dining room with fireplace and a terrace to enjoy wonderful Algarve country and mountain views.

With the correct permissions, you could create, or restore, a stunning property that,when completed, would fit nicely into the local rental market. This income, coupled with the capital appreciation would make for a lucrative investment.

Portimão is a large city within Western Algarve, and was traditionally a centre for sardine fishing and processing. Today, most of that industry has been replaced by tourism, leisure, and retail, leaving Portimão as a large and residential city. Most tourists visit Portimão either for the extensive shopping or excellent public transport but there is a surprising amount to be seen within the city.

The Overseas Property Show is returning to The Royal Dublin Society on April 13th & 14th - We'll be in attendance both days, get your free tickets and come to see us! 
 
For more information on any up coming shows, click here!! 
  • Fireplace
  • Storage Room
  • Manual Shutters
  • Pool
  • Garden
  • Mountain View
  • Surrounding View
  • Gated Entrance
  • Built year: 1990
  • Near Markets
  • Near Medical Facilities
  • Pet Friendly
  • Traditional Architecture
  • Near Golf Course
  • Near Beach
  • Near Shopping
  • Near Schools
  • Terrace
  • Garage
  • Parking Space
  • Private Parking

Advantages of Buying & Living in Portugal

Buying 

Ideal Homes Mortgage Department provides free brokerage consulting and can help you arrange up to 80% financing for your property purchase, at competitive rates. Depending on your circumstances you may also qualify for new residency and tax incentives, learn more here

 

Living 

 1. Over 300 days of sunshine per year
 2. International airport with cheap & easy flights to the UK & Ireland - Over 90 a day in high season
 3. High quality construction and best rising property values in Europe  
 4. Option to enjoy a holiday home and have rental returns as high as 14%
 5. Great residency programs and tax advantages
 6. Beautiful beaches and islands 
 7. Fabulous cuisine, with one of the world's largest selections of wine and seafood  
 8. Award winning golf courses, watersports and a never ending list of activities 
 9. Low cost of living with fantastic quality of life and rich culture 
10. One of the world's safest places to live

 

More Info... 

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