£1,124,633
€1,295,000
Villa for saleVale Formoso, 8100-267 Loulé, Portugal
About this property
Pool, Pool, Proximity: Beach, Garden, Views: Sea views
This beautiful Quinta, dating back to 1913 is waiting to be renovated to create a sea-view home with pool and extensive gardens, in a highly desirable and quiet area.
In addition, there is currently a project submitted for approval to extend the property to increase the floor area to around 240m2. Alternatively, the house could be demolished and replaced with a new property up to 450m2, plus basement, plus pool.
The property also offers further opportunity to investors, as the 3100m2 plot can be split to create additional projects. This would allow the existing house to be retained or replaced as above, plus also the opportunity to build another 450m2 property or two semi-detached homes up to 225m2 plus basements plus pools. The property is situated on a quiet no-through road, ensuring minimal traffic and a peaceful setting.
In addition, there is currently a project submitted for approval to extend the property to increase the floor area to around 240m2. Alternatively, the house could be demolished and replaced with a new property up to 450m2, plus basement, plus pool.
The property also offers further opportunity to investors, as the 3100m2 plot can be split to create additional projects. This would allow the existing house to be retained or replaced as above, plus also the opportunity to build another 450m2 property or two semi-detached homes up to 225m2 plus basements plus pools. The property is situated on a quiet no-through road, ensuring minimal traffic and a peaceful setting.
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