Individually designed rural B&B with owners accommodation

Loulé, Faro, Portugal, 8100-295

For Sale

€945,000

REF: 275478 €945,000


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7

Description

A unique B&B and holiday vacation property offering five ensuite guest bedrooms, a separate letting apartment, and owners accommodation with 2 bedrooms. Finished in a rustic style which complements the inland landscape. Large sun terraces and parking. Individually designed rural B&B with owners accommodation A great example of a live / work opportunity, nestled in the inland Algarve hills close to Loulé, yet within 20 minutes drive of various beaches, golf courses, two international marinas, and stunning old Algarve villages. There is a minimarket with a café within walking distance and daily little vans pass by selling fresh bread and fish to the locals.  Completely renovated in a rustic style, the original property was built in the 1930s, but has undergone a full program of refurbishment to reflect every comfort for guests as well as providing a lovely home for owners.

There are small garden areas, fruit trees, and a children€™s playground within the curtilage of the property. There are five, uniquely designed and decorated guest bedrooms, each with ensuite facilities. The fifth bedroom consists of two sleeping areas for families or extended groups of friends. There is also a separate one-bedroom apartment, with a south-facing sun terrace overlooking the valley, with its rolling landscape. At the front of the property is a large sun terrace, again with valley views and where guests can enjoy the peace and quiet of the inland Algarve. On the first floor is also a communal kitchen with a dining area and a wonderful terrace/solarium to have breakfast or simply pass the time, enjoy the sun and the beautiful landscape.  The property benefits from an owners villa, with two bedrooms, the master being on the top floor on the mezzanine area with ensuite facilities, the second one is currently used as an office, and a stunning open plan living/dining and kitchen area with feature heritage stained glass windows and wood-burning stove.

There is also a private sun terrace for the sole use of the owner and their family. This large and wonderfully presented property has successful trading as a Bed and Breakfast since 2013 and is rated within the top 10% of Algarve properties on Booking.com. It is around half an hour from Faro airport. We believe this property is a perfect business for a couple or small family who wish to live on-site and will continue to develop the enterprise for the burgeoning rural tourism market.

The picturesque market town of Loulé is set in the hills surrounded by scenic countryside and is well known as a cultural and artistic centre. There is a wonderful Saturday street market around the historic fish market in the centre of town with some excellent restaurants, cafes and bars. The local facilities include a good private hospital and many local shops, as well as the huge shopping centre located south of the town. There are some really impressive properties in the surrounding countryside, many with spectacular country and coastal views and often with large gardens and privacy.

Ideal for residential or holiday use there are many local Portuguese as well as all nationalities who chose this lovely area. The old character houses in the town and modern apartments surrounding the centre are ideal for anyone wanting all year round activity with things to do.   Loulé is located north-west of Faro with Faro International Airport being and the coastal Golf resorts of Quinta do Lago, Vale do Lobo and Vilamoura within 15 minutes drive. The EN125 and Via Infante Algarve motorway access is within 5 minutes and the main line train stops in the local train station.
A unique B&B and holiday vacation property offering five ensuite guest bedrooms, a separate letting apartment, and owners accommodation with 2 bedrooms. Finished in a rustic style which complements the inland landscape. Large sun terraces and parking. Individually designed rural B&B with owners accommodation A great example of a live / work opportunity, nestled in the inland Algarve hills close to Loulé, yet within 20 minutes drive of various beaches, golf courses, two international marinas, and stunning old Algarve villages. There is a minimarket with a café within walking distance and daily little vans pass by selling fresh bread and fish to the locals.  Completely renovated in a rustic style, the original property was built in the 1930s, but has undergone a full program of refurbishment to reflect every comfort for guests as well as providing a lovely home for owners.

There are small garden areas, fruit trees, and a children€™s playground within the curtilage of the property. There are five, uniquely designed and decorated guest bedrooms, each with ensuite facilities. The fifth bedroom consists of two sleeping areas for families or extended groups of friends. There is also a separate one-bedroom apartment, with a south-facing sun terrace overlooking the valley, with its rolling landscape. At the front of the property is a large sun terrace, again with valley views and where guests can enjoy the peace and quiet of the inland Algarve. On the first floor is also a communal kitchen with a dining area and a wonderful terrace/solarium to have breakfast or simply pass the time, enjoy the sun and the beautiful landscape.  The property benefits from an owners villa, with two bedrooms, the master being on the top floor on the mezzanine area with ensuite facilities, the second one is currently used as an office, and a stunning open plan living/dining and kitchen area with feature heritage stained glass windows and wood-burning stove.

There is also a private sun terrace for the sole use of the owner and their family. This large and wonderfully presented property has successful trading as a Bed and Breakfast since 2013 and is rated within the top 10% of Algarve properties on Booking.com. It is around half an hour from Faro airport. We believe this property is a perfect business for a couple or small family who wish to live on-site and will continue to develop the enterprise for the burgeoning rural tourism market.

The picturesque market town of Loulé is set in the hills surrounded by scenic countryside and is well known as a cultural and artistic centre. There is a wonderful Saturday street market around the historic fish market in the centre of town with some excellent restaurants, cafes and bars. The local facilities include a good private hospital and many local shops, as well as the huge shopping centre located south of the town. There are some really impressive properties in the surrounding countryside, many with spectacular country and coastal views and often with large gardens and privacy.

Ideal for residential or holiday use there are many local Portuguese as well as all nationalities who chose this lovely area. The old character houses in the town and modern apartments surrounding the centre are ideal for anyone wanting all year round activity with things to do.   Loulé is located north-west of Faro with Faro International Airport being and the coastal Golf resorts of Quinta do Lago, Vale do Lobo and Vilamoura within 15 minutes drive. The EN125 and Via Infante Algarve motorway access is within 5 minutes and the main line train stops in the local train station.
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Currency Exchange

Loulé, Faro, Portugal, 8100-295

Interested in this property? Don't lose out to currency fluctuations changing the price you pay...

Many overseas buyers in Portugal do not realise they can lose thousands of pounds through adverse currency exchange rate movements.

The property buying process in Portugal takes time; it could be up to six months between seeing the property of your dreams and actually taking ownership. So how much would this €945,000 property cost you?

Property Price € Minimum cost in the last six months Maximum cost in the last six months Fluctuating exchange rates over the last six months could have increased the cost of this property by
€945,000 £803,902 £827,281 £23,379
Property Price € €945,000
Minimum cost in the last six months £803,902
Maximum cost in the last six months £827,281
Fluctuating exchange rates over the last six months could have increased the cost of this property by £23,379

Loulé, Faro, Portugal, 8100-295

Interested in this property? Don't lose out to currency fluctuations changing the price you pay...

Many overseas buyers in Portugal do not realise they can lose thousands of pounds through adverse currency exchange rate movements.

The property buying process in Portugal takes time; it could be up to six months between seeing the property of your dreams and actually taking ownership. So how much would this €945,000 property cost you?

Property Price € Minimum cost in the last six months Maximum cost in the last six months Fluctuating exchange rates over the last six months could have increased the cost of this property by
€945,000 £803,902 £827,281 £23,379
Property Price € €945,000
Minimum cost in the last six months £803,902
Maximum cost in the last six months £827,281
Fluctuating exchange rates over the last six months could have increased the cost of this property by £23,379

The exchange rate on the day you make an offer on your property in Portugal will not be the same as the rate you pay when you complete on your purchase, as currency markets move constantly. Any large rate movements may take it beyond your price range as the chart above illustrates the fluctuation and how much extra your property could have cost you.

The best way to avoid this significant risk is to plan your budget and currency strategy with an experienced currency specialist. They have been known to save you up to 4% compared to many high street banks, £4,000 for every £100,000, which soon adds up. They will also keep you up to date on market movements, help you set a rate in advance with a product called a Forward Contract - so you know exactly what you will pay for your property in sterling.

This is why we recommend Smart Currency Exchange Ltd. If exchange rate movements continue to be as unpredictable and as significant as they have been in the past then by not using Smart Currency Exchange Ltd your property could cost you £23,379 more.

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