AMI 12055 - Locally based Agent
DEVELOPMENT OPPORTUNITY with AN APPROVED PROJECT Currently a 4 Bed Villa on a LARGE Plot Vale do Lobo / Near
Ref no: VVP883 € 1,450,000
Bedrooms 4
Bathrooms 4
Pool Yes
Built area 360m²
Plot area 8,218m²
Ownership Private
Energy rating ?

“Eastfields” is located just behind The Algarve International School next to the luxury Beach Resort of VALE DO LOBO. The property represents an excellent refurbishment opportunity on an unusually LARGE site, alternatively, there is an already fully APPROVED substantial renovation project. (plans available for inspection)

Onsite at the moment there is an existing substantial villa of Moorish design – set on a MASSIVE plot of circa 8218 m2.  It has a feel of being in the middle of the Algarvean Countryside yet just minutes from everything: tennis, padel, golf, beaches, restaurants, etc….  All of these facilities are literally on your doorstep. 

There are a couple of ways to consider this fantastic property : 

OPTION A. Do your own refurbishment project of the existing dwelling with some small floor plan modifications.  We would have some expert builders who would be delighted to quote to your standard of required finish. 

OPTION B. Alternatively, you can use the already APPROVED project and create a stunning Portuguese 2 story Quinta-style villa.  The attractive design was created by well-known local architect Jamie Coutinho and is ready and fully approved for you to start immediately.  This saves you circa 10-12 months waiting for planning permission and lowers the risk significantly.  Very attractive design with a large new wing containing an atrium kitchen/living area.  Stunning terraces with the perfect flow to the pool and garden area.

    Whichever option you choose … you will have the most super unique residence in a special location near to everything with enough space to cater for all your family.

    As part of this listing, we have attached the existing floor plans showing the current layout.  We have also attached a layout of the approved scheme which can be personalised internally.    Such great options … 

    This property has only just gone live on the market and we know it is going to attract a lot of interest.  If you would like us to Facetime you from the property we would be delighted.   We also have a 3D walk-through of the current house and the artist's impression of what’s possible is amazing.

    We believe this property has a good risk/reward profile either for a self-use large family villa or as an investment opportunity.

    Below is a description of the current house and its layout : 

    The main entrance hall welcomes you into a bright area, on the left is a LARGE bedroom with patio doors leading to the terrace with stairs down to the POOL area. There is also a separate bathroom, however, the hallway door can be closed which will make this a private suite.

    To the right is a guest cloakroom, and straight ahead is the OPEN PLAN living and dining area. This level also accommodates a LARGE fully fitted and equipped kitchen.

    Off from the kitchen is access to the upper level which accommodates a bedroom with a PRIVATE terrace and a bathroom.

    The lower level, accessed near the entrance hall accommodates two bedrooms, one of which has an en-suite bathroom, and the other uses a separate bathroom. Both bedrooms have patio doors leading to the POOL area.

    The POOL area is tiled and has plenty of space for sunbathing, alfresco dining, and much more.


    Check out the 3D Tour below - use your mouse to scroll in and out & click on the arrow to move through the property. 

    Let VENDICI Help You With Your Property Search!

    My name is Rebecca Nixon and I am Managing Director for VENDICI Properties – one of the largest Real Estate Agents in The Central Algarve.  We specialise in all types of properties for the complete range of budgets. We are not a large Call Centre Operation – our feet are on the ground here with an office located in between Vale do Lobo & Quinta do Lago.  We have the vital local knowledge which other Property Companies just don’t have.

    The type of service that we provide is very much focused on YOUR NEEDS. We appreciate that locating the ideal property at a good price is important but we also try to bridge the gap – helping you navigate through the legal process of “Purchasing A Property In Portugal” as well as explaining what needs to be done once you have made your purchase.

    We see ourselves as a “one stop shop” for all your property needs. We also like to believe that we offer the “Best Customer Service – 24/7 … 365”!

    Prior to your visit to the Algarve, our aim is to provide you with all the necessary information you need to help find your ideal home. We use Google Maps for all our properties with street view where possible – as well as the innovative use of You Tube Videos showing a walk-through of the properties from our own You Tube Channel.

    We cover the resorts, from Vale do Lobo to Quinta do Lago, as well as all of the urbanisations. All areas are very important to us and we would love to share all our knowledge with you on what is a very special part of The Algarve.  VENDICI have a complete suite of Local Area Guides if you are not sure of your preferred area.

    10 Good Reasons To Invest In The Central Algarve:

    1. Stunning Beaches & Local Countryside

    2. Quality Of Life / Low Cost of Living

    3. Good Proximity to Faro International Airport (15mins)

    4. Amazing Restaurants & Vineyards

    5. Personal Safety / Comfort For Your Family

    6. Sporting Haven : Golf, Tennis, Cycling, Running, Walking ...

    7. Strong Rental Investment Return

    8. All Year Round Great Weather – “The Florida Of Europe”

    9. Tax Incentives - NHR Programme / Golden Visa Programme

    10. ....Great Real Estate Advisor: VENDICI Properties.com !

    Star items

    • Approved project
    • Large plot
    • Ideal permanent home
    • Fireplace
    • Fully fitted and equipped kitchen
    • Garage
    • Open Plan Living / Dining Area
    • Swimming pool
    • Tennis court
    • Terraces
    Go to top

    Plans

    Click the plans below to view a larger version

    Go to top

    Location

    Go to top
    Contact us for more information

    Please complete the form below to contact us through the website, fields marked with an * are required


    Similar properties you might find interesting
    Go to top Back