HouseLoule (Portugal)

Price :

$1,564,500

USD

Euro € EURAmerican Dollar ($ USD)British Pound (£ GBP)

Surface275 m²bedrooms5 bathrooms4 land7,485 m²

Charming 3+2 Bedroom Single-Storey Villa with Development Potential Almancil, Near São Lourenço ChurchThis remarkable villa, set on a generous 7,485m irrigated plot with a borehole and adjacent mains connection, offers an exciting opportunity for both living and investment. Originally built in 1981, the property currently features 275m of habitable space and benefits from approved planning permission for an extension to 300m, designed by renowned architect João Cabrito.Current Layout:Bedrooms: 3 main bedrooms, each with en-suite bathrooms, plus 2 additional rooms for flexible use.Bathrooms: En-suite bathrooms and a guest W.C.Living Spaces: A practical layout including a spacious living area, a laundry room, and a dispenser.Outdoor Amenities: A pool room, double garage, and mature landscaped gardens with irrigation in place.Development Opportunity:With approved plans to expand to a luxurious 5-bedroom villa, each bedroom will feature en-suite bathrooms. The project also includes plans to increase the pool size to 12m x 6m, making it an ideal oasis for relaxation and entertaining.Key Highlights:Architectural Expertise: João Cabritos design ensures a contemporary, sophisticated transformation while respecting the propertys charm.Consultation Expertise: Luis Negoçio has provided valuable insights for the refurbishment process.Investment Potential: With an estimated refurbishment cost of 400k, the expected resale value of the completed project is approximately 2.3M, based on the outstanding standard of previous refurbishments by the current owners.This villa is a rare find, combining immediate livability with incredible potential for enhancement. Situated in the desirable Almancil area, near the iconic São Lourenço Church, and within easy access to top Algarve amenities, this property is perfect for discerning buyers or savvy investors.