SPACIOUS VILLA IN THE SOUGHT AFTER AREA OF VALE JUDEU This substantial property is situated on an elevated, west-facing plot of over 7000 sqm, offering extensive countryside and sea views

Loulé, Faro, Portugal

For Sale

€1,395,000

REF: 986656 €1,395,000


6

5

255 m2

7047 m2

Description

SPACIOUS VILLA IN THE SOUGHT AFTER AREA OF VALE JUDEU This substantial property is situated on an elevated, west-facing plot of over 7000 sqm, offering extensive countryside and sea views. It is located only a 6-minute drive from the marina of Vilamoura. The property allows for development possibilities up to a total built area of 2000 sqm, suitable for residential, commercial, or combined use.

Access to the villa is via a private road with electric entrance gates, leading to a Calçada driveway and a large garage with additional visitor parking at the rear. The front garden features two lawned areas, young fruit trees, natural stone retaining walls, and a large greenhouse with an integrated irrigation system.

The house has two levels. The lower ground floor opens to a terrace with a swimming pool, a covered outdoor entertaining area, and a lawned area with sea views to the South-West. This level includes a refurbished two-bedroom apartment with underfloor heating, a bathroom, an open plan kitchen, sitting room, and dining room, which can be used independently or connected to the upper level via a lift.

There is also a kitchen/utility room with an adjoining toilet and shower room on this level. The upper level features extensive terracing with panoramic views toward Vilamoura and the sea. A remodeling plan is available for this level, which currently includes an open plan living and dining room, fitted kitchen, utility room, four bedrooms, and three bathrooms.

Large windows provide natural light and access to the terrace. An attached garage and workshop can accommodate three or four cars, garden equipment, and workshop items. Additional terraced garden areas adjacent to the house await development. Independent gates provide access to these areas from the approach road.

Concept plans for expanding the property to over 2000 sqm for rural tourism have received initial approval and further details are available on request. Alternatively, the land could be used for additional gardens and outdoor activities, supported by an existing irrigation system. The extensive features of the property include air conditioning, underfloor heating, double glazing, electric shutters, electric gates with new motors recently fitted, retiled swimming pool with fully renewed filtration system, 16 section automatic irrigation system with new pump and the capability to be controlled by mobile phone, greenhouse and garden storage, borehole with new pump, mains water and fossa.

The refurbishment and expansion potential of this property can really only be fully appreciated by visiting in person, so don´t hesitate and contact me now to schedule your viewing. #ref: 142983
SPACIOUS VILLA IN THE SOUGHT AFTER AREA OF VALE JUDEU This substantial property is situated on an elevated, west-facing plot of over 7000 sqm, offering extensive countryside and sea views. It is located only a 6-minute drive from the marina of Vilamoura. The property allows for development possibilities up to a total built area of 2000 sqm, suitable for residential, commercial, or combined use.

Access to the villa is via a private road with electric entrance gates, leading to a Calçada driveway and a large garage with additional visitor parking at the rear. The front garden features two lawned areas, young fruit trees, natural stone retaining walls, and a large greenhouse with an integrated irrigation system.

The house has two levels. The lower ground floor opens to a terrace with a swimming pool, a covered outdoor entertaining area, and a lawned area with sea views to the South-West. This level includes a refurbished two-bedroom apartment with underfloor heating, a bathroom, an open plan kitchen, sitting room, and dining room, which can be used independently or connected to the upper level via a lift.

There is also a kitchen/utility room with an adjoining toilet and shower room on this level. The upper level features extensive terracing with panoramic views toward Vilamoura and the sea. A remodeling plan is available for this level, which currently includes an open plan living and dining room, fitted kitchen, utility room, four bedrooms, and three bathrooms.

Large windows provide natural light and access to the terrace. An attached garage and workshop can accommodate three or four cars, garden equipment, and workshop items. Additional terraced garden areas adjacent to the house await development. Independent gates provide access to these areas from the approach road.

Concept plans for expanding the property to over 2000 sqm for rural tourism have received initial approval and further details are available on request. Alternatively, the land could be used for additional gardens and outdoor activities, supported by an existing irrigation system. The extensive features of the property include air conditioning, underfloor heating, double glazing, electric shutters, electric gates with new motors recently fitted, retiled swimming pool with fully renewed filtration system, 16 section automatic irrigation system with new pump and the capability to be controlled by mobile phone, greenhouse and garden storage, borehole with new pump, mains water and fossa.

The refurbishment and expansion potential of this property can really only be fully appreciated by visiting in person, so don´t hesitate and contact me now to schedule your viewing. #ref: 142983
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Property on Map

#142983

Currency Exchange

Loulé, Faro, Portugal

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 €1,395,000 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
€1,395,000 £1,151,503 £1,210,986 £59,483
Property Price € €1,395,000
Minimum cost in the last six months £1,151,503
Maximum cost in the last six months £1,210,986
Fluctuating exchange rates over the last six months could have increased the cost of this property by £59,483

Loulé, Faro, Portugal

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 €1,395,000 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
€1,395,000 £1,151,503 £1,210,986 £59,483
Property Price € €1,395,000
Minimum cost in the last six months £1,151,503
Maximum cost in the last six months £1,210,986
Fluctuating exchange rates over the last six months could have increased the cost of this property by £59,483

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 £59,483 more.

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