Land for sale in Loulé, Portugal — €750,000

About this land

For sale is this property for investor or ambitious project. There is already a house in need of renovation, positioned in an elevated position. The house offers a continuous 270 degree panoramic view, from the ocean in the south through the countryside to the north.The plot is 1.5 hectares, 5 minutes drive from Vilamoura, with almond, olive, carob and pomegranate trees.The plo For sale is this property for investor or ambitious project. There is already a house in need of renovation, positioned in an elevated position. The house offers a continuous 270 degree panoramic view, from the ocean in the south through the countryside to the north.The plot is 1.5 hectares, 5 minutes drive from Vilamoura, with almond, olive, carob and pomegranate trees.The plot has mains water, mains drainage, electricity, a new borehole and benefits from easy double access on tarmac roads.It is an existing house in which a renovation project has been submitted to the Municipal Chamber of Loulé for the conversion and extension of the existing house.Currently, the ruin consists of:- House of 130 m2;- Land A: 9.980 m2;- Land B: 1.700 m2;- Land C: 3.600 m2;- Total property: 15.410 m2;With the new project (house to be built at the buyers' expense), the possibilities would be - House of 294,56 m2 + basement of 223,21 m2 = 517,77 m2 - Covered terraces of 54.89 m2 + open terraces of 279.64 m2There is an estimate for this project: 450.000€.The architectural project is currently at the planning consent stage.Note: This project can always be modified according to the new owner's tastes, ambitions, needs and budgetIn terms of the characteristics of the house to be built:- It has sea and hill views- Lift- Infinity pool- Access to the roof- Garage- Because of its elevated position, even the basement rooms would have a view of the countryside.There is also another plan (images: 'design project 2'). - House of 300 m2 on one level- Construction estimate: 400.000€ all inclusive, delivered turnkey If you have another project, a rural tourism can also be built with 2000m2 of closed construction area + 400m2 of covered terraces.This is a fantastic opportunity to acquire a plot of land in an ideal location and turn it into an exceptional product.Book your visit with Prestig'Imo,Your partner to build your 'happy storyExempted from the SCE, by virtue of article 4, of the decree-law no. 118/2013 of 20 August. Energy Rating: Exempt #ref:0060-80 … Read More