Espiche, Algarve, Portugal
€149,000
- PROPERTY TYPE
Villa
- BEDROOMS
1
- BATHROOMS
1
- SIZE
53 sq ft
5 sq m
Key features
- 121.70 m² urban plot
- Existing ruin
- Approved apartment project
- Ground-floor T1 apartment
- First-floor T1+1 apartment
- Private garden & pool
- Private rooftop terrace
- Attic conversion potential
- Alternative villa project
- Excellent investment potential
Description
Excellent investment opportunity - Ruin with project to Rebuild
This urban plot with an existing ruin has a total area of 121.70 sq.m and already benefits from an approved architectural project for the construction of two modern apartments, offering great potential for investment, rental income or resale.
The approved project includes:
Ground Floor - T1 Apartment
Covered parking area
Open-plan living room and kitchen
1 bedroom, 1 bathroom
Private garden with swimming pool
First Floor - T1+1 Apartment
Open-plan living room and kitchen
1 bedroom, 1 bathroom, Private roof terrace
Access to the attic with a large open space, allowing the possibility of creating a second bedroom and an additional bathroom
Additional terrace area
Alternatively, the plot also had a previous project approved to develop a private villa with 3 or 4 bedrooms, garage and swimming pool, distributed over 2 or 3 floors.
A versatile property with excellent development potential, ideal for investors or for creating a bespoke home in a sought-after location. Conatct us for more details.
Internal Area 52,70 m²
Land area 121,70 m²
Energy Rating Exempt
---
Espiche is a small village that is typical to the area and has a few local amenities, but its position close to Praia da Luz and Lagos means it is increasing in popularity. While it remains much quieter than Luz it has a strong local influence with a market on the weekends, a school and a few cafes and restaurants.
VISITOR INFORMATION:
Sunpoint Properties is managed by Susana do Carmo Duarte, a professional property consultant with experience in the Western Algarve real estate business since 1995.
Sunpoint is experienced in sales of different types of properties ranging from ruins, old houses, resort properties, luxury villas.
We can also provide project management services to clients who wish to build their dream homes, helping them find the ideal site, advising with a local architect, engineer, a trustworthy quality builder, and anything else that is essential to have a property built successfully.
If you are looking for your dream home or an investment in the sunny Algarve, Susana and her team will be happy to help you.
Throughout the years, Sunpoint has established strong and long-lasting relationships with the most professional and reliable partners. They can further help make your investment project hassle-free. Such partners include but are not limited to reputable rental management companies, banks offering good mortgage conditions, legal assistance in various languages, surveyors, interior decorators, furniture kit suppliers, and last but not least a trustworthy currency exchange company with whom we have also worked for many years.
The beautiful village of Praia da Luz belongs to the municipality of Lagos, an ancient maritime town with more than 2000 years of history, situated in the south of Portugal just 30 km from Sagres and Cape St. Vincent, which is the most south-westerly point of Europe.
The Western Algarve has, without a doubt, some of the most beautiful beaches in the world and natural beauty in abundance with spectacular landscapes.
The lively city of Lagos was the centre of the world at the time of the Portuguese discoveries, around the fifteenth century and has a beautiful historical centre, with several terraces, restaurants, and shops. It is an essential place to visit.
15 km away is the Algarve International racing circuit, which hosts an annual round of the World Superbike Championship and many other racing events.
Simply deciding how you wish to spend your time here is a pleasure, from a leisurely day in town or on the beach to visiting places of interest and shopping. If it is sports and outdoor activities that you desire there is golf, swimming, surfing, kayaking, sailing, boat trips, dolphin watching, grotto tours, fishing, jet-skiing, windsurfing, jeep safaris, tennis just to mention a few.
Faro airport is only a 90-minute drive away with easy access from the A22 motorway.
The variety of property in the Western Algarve is sublime, and one will never be disappointed with the spectacular region. We have the finest selection of villas, apartments, townhouses, farmhouses, cottages and more, to suit your requirements perfectly.
This urban plot with an existing ruin has a total area of 121.70 sq.m and already benefits from an approved architectural project for the construction of two modern apartments, offering great potential for investment, rental income or resale.
The approved project includes:
Ground Floor - T1 Apartment
Covered parking area
Open-plan living room and kitchen
1 bedroom, 1 bathroom
Private garden with swimming pool
First Floor - T1+1 Apartment
Open-plan living room and kitchen
1 bedroom, 1 bathroom, Private roof terrace
Access to the attic with a large open space, allowing the possibility of creating a second bedroom and an additional bathroom
Additional terrace area
Alternatively, the plot also had a previous project approved to develop a private villa with 3 or 4 bedrooms, garage and swimming pool, distributed over 2 or 3 floors.
A versatile property with excellent development potential, ideal for investors or for creating a bespoke home in a sought-after location. Conatct us for more details.
Internal Area 52,70 m²
Land area 121,70 m²
Energy Rating Exempt
---
Espiche is a small village that is typical to the area and has a few local amenities, but its position close to Praia da Luz and Lagos means it is increasing in popularity. While it remains much quieter than Luz it has a strong local influence with a market on the weekends, a school and a few cafes and restaurants.
VISITOR INFORMATION:
Sunpoint Properties is managed by Susana do Carmo Duarte, a professional property consultant with experience in the Western Algarve real estate business since 1995.
Sunpoint is experienced in sales of different types of properties ranging from ruins, old houses, resort properties, luxury villas.
We can also provide project management services to clients who wish to build their dream homes, helping them find the ideal site, advising with a local architect, engineer, a trustworthy quality builder, and anything else that is essential to have a property built successfully.
If you are looking for your dream home or an investment in the sunny Algarve, Susana and her team will be happy to help you.
Throughout the years, Sunpoint has established strong and long-lasting relationships with the most professional and reliable partners. They can further help make your investment project hassle-free. Such partners include but are not limited to reputable rental management companies, banks offering good mortgage conditions, legal assistance in various languages, surveyors, interior decorators, furniture kit suppliers, and last but not least a trustworthy currency exchange company with whom we have also worked for many years.
The beautiful village of Praia da Luz belongs to the municipality of Lagos, an ancient maritime town with more than 2000 years of history, situated in the south of Portugal just 30 km from Sagres and Cape St. Vincent, which is the most south-westerly point of Europe.
The Western Algarve has, without a doubt, some of the most beautiful beaches in the world and natural beauty in abundance with spectacular landscapes.
The lively city of Lagos was the centre of the world at the time of the Portuguese discoveries, around the fifteenth century and has a beautiful historical centre, with several terraces, restaurants, and shops. It is an essential place to visit.
15 km away is the Algarve International racing circuit, which hosts an annual round of the World Superbike Championship and many other racing events.
Simply deciding how you wish to spend your time here is a pleasure, from a leisurely day in town or on the beach to visiting places of interest and shopping. If it is sports and outdoor activities that you desire there is golf, swimming, surfing, kayaking, sailing, boat trips, dolphin watching, grotto tours, fishing, jet-skiing, windsurfing, jeep safaris, tennis just to mention a few.
Faro airport is only a 90-minute drive away with easy access from the A22 motorway.
The variety of property in the Western Algarve is sublime, and one will never be disappointed with the spectacular region. We have the finest selection of villas, apartments, townhouses, farmhouses, cottages and more, to suit your requirements perfectly.
Brochures
Brochure 1
Espiche, Algarve, Portugal
NEAREST AIRPORTS
Distances are straight line measurements- Faro(International)43.3 miles
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Notes
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This is a property advertisement provided and maintained by Sunpoint Properties, Praia da Luz (reference SP-V1924) and does not constitute property particulars. Whilst we require advertisers to act with best practice and provide accurate information, we can only publish advertisements in good faith and have not verified any claims or statements or inspected any of the properties, locations or opportunities promoted. Rightmove does not own or control and is not responsible for the properties, opportunities, website content, products or services provided or promoted by third parties and makes no warranties or representations as to the accuracy, completeness, legality, performance or suitability of any of the foregoing. We therefore accept no liability arising from any reliance made by any reader or person to whom this information is made available to. You must perform your own research and seek independent professional advice before making any decision to purchase or invest in overseas property.