€498,000

House for sale Faro
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Overview

SUMMARY: Discover an opportunity with this Faro house for sale and available for €498,000. This could be your next ideal home or a smart investment. More details await.

Old olive oil mill full of character and history, accompanied by its adjacent private area, integrated in a set with extraordinary potential for rehabilitation. The property benefits from a direct connection to a privileged outdoor space, from where you can enjoy

one of the most breathtaking views of the Algarve, covering the vast Algarve plain to the blue of the ocean. It also has outdoor access to a generous terrace of about 100 m², perfect for creating a leisure area or contemplation of the landscape. The complex also includes two independent apartments, with side access through a picturesque staircase street typical of an Algarve village. One of the apartments is a T2 spread over two floors, while the second corresponds to a single-storey flat. The 2 bedroom flat is currently rented, offering a source of income. Composed of three distinct articles, the property needs renovation, but it has enormous potential for a charming rehabilitation project either as a single residence or as an investment for tourist accommodation. Situated in a location of great historical and cultural value, in the charming village of Estoi, known for its Milreu Roman Ruins and the elegant Estoi Palace, a romantic palace of the XIX century currently partially converted into the prestigious Pousada Palácio de Estoi. A rare opportunity to create a unique project in one of the most authentic and historic settings in the Algarve. Energy Rating: Exempt #ref:CAS 35 - CAS 35 - Central Algarve Property

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Details

  • Beds: 10
  • Baths: 0
  • Price: €498,000
  • Reference No.: 170291314
  • Area: 500 m2

Location

Marketed by:

  • Central Algarve Property
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