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Charming 3+2 Bedroom single storey Villa with development option in Almancil nr São Lourenço Church
Loulé, Faro, Portugal, 8135-027
REF: 917513
€1,500,000
Description
Charming 3+2 Bedroom Single-Storey Villa with Development Potential Almancil, Near São Lourenço Church
This remarkable villa, set on a generous 7,485m irrigated plot with a borehole and adjacent mains connection, offers an exciting opportunity for both living and investment. Originally built in 1981, the property currently features 275m of habitable space and benefits from approved planning permission for an extension to 300m, designed by renowned architect João Cabrito.
Current Layout:
Bedrooms: 3 main bedrooms, each with en-suite bathrooms, plus 2 additional rooms for flexible use.
Bathrooms: En-suite bathrooms and a guest W.C.
Living Spaces: A practical layout including a spacious living area, a laundry room, and a dispenser.
Outdoor Amenities: A pool room, double garage, and mature landscaped gardens with irrigation in place.
Development Opportunity:
With approved plans to expand to a luxurious 5-bedroom villa, each bedroom will feature en-suite bathrooms. The project also includes plans to increase the pool size to 12m x 6m, making it an ideal oasis for relaxation and entertaining.
Key Highlights:
Architectural Expertise: João Cabrito s design ensures a contemporary, sophisticated transformation while respecting the property s charm.
Consultation Expertise: Luis Negoçio has provided valuable insights for the refurbishment process.
Investment Potential: With an estimated refurbishment cost of 400k, the expected resale value of the completed project is approximately 2.3M, based on the outstanding standard of previous refurbishments by the current owners.
This villa is a rare find, combining immediate livability with incredible potential for enhancement. Situated in the desirable Almancil area, near the iconic São Lourenço Church, and within easy access to top Algarve amenities, this property is perfect for discerning buyers or savvy investors.
Charming 3+2 Bedroom Single-Storey Villa with Development Potential Almancil, Near São Lourenço Church
This remarkable villa, set on a generous 7,485m irrigated plot with a borehole and adjacent mains connection, offers an exciting opportunity for both living and investment. Originally built in 1981, the property currently features 275m of habitable space and benefits from approved planning permission for an extension to 300m, designed by renowned architect João Cabrito.
Current Layout:
Bedrooms: 3 main bedrooms, each with en-suite bathrooms, plus 2 additional rooms for flexible use.
Bathrooms: En-suite bathrooms and a guest W.C.
Living Spaces: A practical layout including a spacious living area, a laundry room, and a dispenser.
Outdoor Amenities: A pool room, double garage, and mature landscaped gardens with irrigation in place.
Development Opportunity:
With approved plans to expand to a luxurious 5-bedroom villa, each bedroom will feature en-suite bathrooms. The project also includes plans to increase the pool size to 12m x 6m, making it an ideal oasis for relaxation and entertaining.
Key Highlights:
Architectural Expertise: João Cabrito s design ensures a contemporary, sophisticated transformation while respecting the property s charm.
Consultation Expertise: Luis Negoçio has provided valuable insights for the refurbishment process.
Investment Potential: With an estimated refurbishment cost of 400k, the expected resale value of the completed project is approximately 2.3M, based on the outstanding standard of previous refurbishments by the current owners.
This villa is a rare find, combining immediate livability with incredible potential for enhancement. Situated in the desirable Almancil area, near the iconic São Lourenço Church, and within easy access to top Algarve amenities, this property is perfect for discerning buyers or savvy investors.
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Currency Exchange
Loulé, Faro, Portugal, 8135-027
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 €1,500,000 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 |
|---|---|---|---|
| €1,500,000 | £1,235,850 | £1,289,175 | £53,325 |
| Property Price € | €1,500,000 |
| Minimum cost in the last six months | £1,235,850 |
| Maximum cost in the last six months | £1,289,175 |
| Fluctuating exchange rates over the last six months could have increased the cost of this property by | £53,325 |
Loulé, Faro, Portugal, 8135-027
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 €1,500,000 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 |
|---|---|---|---|
| €1,500,000 | £1,235,850 | £1,289,175 | £53,325 |
| Property Price € | €1,500,000 |
| Minimum cost in the last six months | £1,235,850 |
| Maximum cost in the last six months | £1,289,175 |
| Fluctuating exchange rates over the last six months could have increased the cost of this property by | £53,325 |
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 £53,325 more.
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