€369,000

House for sale Tavira
Property photo number 1 of 16 Photos for Property. File 100767924_2345_d2ef3efcdf44269d79be70a7e00c4053.jpeg

Overview

SUMMARY: Discover an opportunity with this Tavira house for sale and available for €369,000. This could be your next ideal home or a smart investment. More details await.

A unique countryside property in Vale Verde, Santa Margarida, just approximately 6 km from the centre of Tavira, offering privacy, mature fruit trees, distant sea views and excellent potential for renovation and investment. The existing property requires a

complete renovation, providing an exciting opportunity for a new owner to create a beautiful Mediterranean home tailored to their own taste and lifestyle. The existing house has potential to be extended to approximately 250 m², subject to the necessary planning approvals. Adding further value is a separate urban area of approximately 300 m², with around 90 m² of construction indicated in the available documentation**. This creates interesting possibilities for a future second phase of development, subject to confirmation and approval by the relevant authorities. The property is particularly attractive for buyers looking beyond a conventional home. With the right vision and planning, it could become a private residence, luxury holiday home, rural tourism project, wellness or retreat concept, or a longer-term investment developed in phases. The extensive land already benefits from mature fruit trees, established planting areas and a pre-installed irrigation system**, providing an excellent foundation for creating beautiful gardens, productive fruit and vegetable areas or outdoor spaces for guests and retreats. Another important advantage is the private borehole water supply. This can significantly help to reduce ongoing water costs, particularly on a property of this size where irrigation and maintaining mature trees and gardens can otherwise represent a considerable annual expense. The existing irrigation system makes it possible to make practical use of this water resource for the land and planting areas. Electricity, sewage and drainage are also already available, adding valuable infrastructure to the property and reducing some of the work normally associated with developing a rural project. A renovation of good quality could be approached with an indicative budget of approximately €150,000-€250,000, depending on the final architectural concept, structural requirements, materials and level of finish. A more ambitious luxury tourism or wellness project could require a higher investment. The real attraction of this property is the combination of land, existing infrastructure, water resources, mature trees, urban potential and proximity to Tavira. It offers the opportunity to create something individual and distinctive rather than simply purchasing a finished property. A rare opportunity to renovate, develop and create a unique Algarve lifestyle or investment project close to Tavira. All areas, extension possibilities and potential uses are subject to verification and the necessary planning, licensing and regulatory approvals. Contact us for further information, plans, additional photographs or to arrange a private viewing. Energy Rating: F #ref:EXP 110 - EXP 110 - Everitt & Joyce Mediação Imobiliário lda

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Details

  • Beds: 4
  • Baths: 2
  • Price: €369,000
  • Reference No.: 168137665
  • Area: 270 m2

Location

Marketed by:

  • Everitt & Joyce Mediação Imobiliário lda
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