AMI 12055 - Locally based Agent
DEVELOPMENT / REFURBISHMENT OPPORTUNITY with AN APPROVED PROJECT Currently a 4 Bed Villa on a LARGE Plot Vale do Lobo / Near
Ref no: VVP913 € 1,450,000
Bedrooms 4
Bathrooms 4
Pool Yes
Built area 356m²
Plot area 8,218m²
Ownership Private
Energy rating NA

"Eastfields" represents an unusual shovel-ready refurbishment investment opportunity on a very large plot within one kilometre of Vale Do Lobo.

This fully approved project provides a very interesting opportunity either for use as an outstanding family home or as a build and sell-on investment project. The already APPROVED project is for a stunning Portuguese 2 storey Quinta-style villa.  The attractive design was created by well-known local architect Jamie Coutinho and is ready to start immediately.  This saves you circa 10-12 months waiting for planning permission and very importantly lowers the risk significantly, planning risk is already removed and from an investment standpoint, there remains only construction and market risk if the intention is to sell on the completed Villa. The much-reduced timescale is extremely attractive for a buyer looking to utilise capital in the property market.  

The design of the approved project provides for a substantial Villa of 356m2 built area, the plot size of 8218m2 is unique for a location right on the doorstep of Vale do Lobo. Jaime Coutinho has come up with a  very attractive refurbishment design with a large new wing containing an atrium kitchen/living area and stunning terraces with the perfect flow to the pool and garden area.

There is excess demand at present for this type of finished property with very little supply of newly refurbished  Villas on extremely large sites, this site genuinely makes you feel you are in the countryside but yet are only a few minutes from all the VDL/QDL infrastructure.

We believe this property is likely to attract a lot of interest.  If you would like us to Facetime you from the property we would be delighted.   We have full details available of the plans for the project, please contact us for details.

This project has a good risk/reward profile either for a self-use large family villa or as an investment opportunity and recommends early engagement if interested.

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

  • Large plot
  • Approved project
  • Ideal permanent home
  • Barbeque area
  • Electric shutters
  • Fully fitted and equipped kitchen
  • Laundry room
  • Swimming pool
  • Tennis court
  • Terraces
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Plans

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Location

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