Portugal

Stone Houses with Rental Income & Expansion Potential – Central Portugal

Hidden in the peaceful village of Azenhas, in the municipality of Arganil, this unique property offers a rare opportunity to invest in one of the most authentic and unspoilt regions of Central Portugal.

The property consists of four urban plots, combining restored traditional stone houses with further development potential, making it ideal for a private retreat, holiday rentals, or a boutique rural tourism project.

Main House (T2)

The main house offers comfortable modern living while retaining its rural charm and includes:
Open-plan living room and kitchen;
Two bedrooms;
Home office;
Family bathroom;
Private garden with beautiful panoramic countryside views;
Separate guest room at the rear of the property;
Large storage area and utility/machine room on the lower floor.

Beautifully Restored Stone Cottage
Next to the main house is a charming fully restored granite cottage featuring:
One spacious en-suite bedroom with bathtub;
Open-plan kitchen and living area.
Additional Development Opportunity

The sale also includes:
A separate stone storage building;
A substantial stone ruin set on level land, offering excellent potential for reconstruction (subject to the relevant approvals), allowing the future owner to significantly increase the accommodation capacity.
Natural Setting

The land borders a small stream and benefits from access to the village's traditional well water system, creating a peaceful environment surrounded by nature.

Immediate Rental Income
Both renovated houses are currently rented, providing an immediate income stream from day one, while still offering future development opportunities.

Excellent Location
Despite its peaceful rural setting, the property is conveniently located:
Just 700 metres from Pombeiro da Beira , where you'll find restaurants, cafés, supermarket, post office, primary school, nursing home and other essential services;
Only minutes from the stunning Fronhas Dam and several beautiful river beaches, famous for swimming, kayaking and hiking;

Around 20 minutes from Arganil, the region's main town with all services and amenities.
A Rare Investment in Authentic Portugal
Whether you are looking for a profitable rental investment, a lifestyle business, a holiday retreat, or a long-term relocation project, this property offers a unique combination of immediate rental income, expansion potential, traditional architecture, and an exceptional natural setting.
Properties with this combination of character, multiple buildings, development potential and proven rental income are increasingly rare in Central Portugal.