This three bedroom villa for sale in Caramujeira, Lagoa, sits on a 4,200m2 plot of land and allows for a further 15% build density taking the existing villa up to a spacious 630m2. Situated less than three kilometres from two beaches: Praia de Albandeira in Porches and Praia da Marinha, its also approximately 10 minutes from Lagoas centre with all the needed amenities.
Spread across one storey, this property comprises an entrance hallway, a kitchen with fitted appliances such as oven, dishwasher, fridge/freezer etc. A large living room with a feature fireplace and sliding doors leading out to the covered patio area and private garden.
There are three spacious bedrooms, all come with fitted wardrobes and the master bedroom has sliding doors leading out to the terrace shared with the living room.
One bathroom is situated next to the master bedroom, and the second bathroom is located closer to the other two bedrooms. Both bathrooms come equipped with walk-in showers with one having an electric towel heater.
Offering extensive private gardens with a generously sized swimming pool and outdoor BBQ/grill, this property is completely habitable as is and represents a traditional Portuguese style home but has the potential to be entirely renovated and expanded into a modern villa.
Additional features include: English style radiators, underfloor heating, manual shutters, solar panels, borehole, driveway with electric gates and an intercom system.
The current owner does have various different floor plans showing what can be done with the villa so get in touch for more information. For reference on what can be done and possible scenarios, please see the below:
Changes that can be made by law
- Plot Size: 4,200m2
- Gross Floor Area: 630m3 (15% of plot size)
- Basement Area: up to 600m2 or more
- Covered Terrace Area: 210m2 (5% of plot size)
- Nº of Floors: 2 + basement
- Borehole: Yes
- City Water: Yes
- City Electricity: Yes
Possible Renovation Scenarios:
1. New Built 600 + 600
- Purchase Price + Imt (Approx): 1,300,000
- Construction Cost: From 1,000,000 to 1,400,000
- Sale Price: From 4,500,000 to 5,100,000
- Profit Mean Value: 2,300,000
- Profit Margin Mean Value: 51%
2. Big Alteration Project
- Purchase Price + Imt (Approx): 1,300,000
- Construction Cost: From 600,000 to 800,000
- Sale Price: From 3,000,000 to 3,400,000
- Profit Mean Value: 1,200,000
- Profit Margin Mean Value: 40%
3. Small Alteration Project
- Purchase Price + Imt (Approx): 1,300,000
- Construction Cost: From 350,000 to 450,000
- Sale Price: From 2,200,000 to 2,500,000
- Profit Mean Value: 650,000
- Profit Margin Mean Value: 30%
4. Inside Refurbishment
- Purchase Price + Imt (Approx): 1,300,000
- Construction Cost: From 100,000 to 150,000
- Sale Price: From 1,700,000 to 1,900,000
- Profit Mean Value: 375,000
- Profit Margin Mean Value: 22%
Main characteristics
224 m² surface area (2411 sqFt)
2 bathrooms
4200 m² of land (45208 sqFt)
N/C
3 bedrooms
Swimming pool
Photos See all the photos
PreviousNext
Price 1,200,000 €
Price / sq metre: €/m² 5,357.14
other currency
Reference:
_idh33306
Agency: Ideal Homes Portugal
Location
This property is in Lagoa e Carvoeiro, in Lagoa (Algarve) (district Algarve).
Once you have filled out the request form, click on 'Send'. Then:
The contact details for your seller are directly listed on the next page.
An e-mail will be sent at the end of the day with all the information that you have requested,
Green-Acres.com will keep the information supplied for statistical purposes,
Your request will be sent to the seller.
Green-Acres.com does not make any other use of the information supplied other than indicated above. Note, we do not pass your email address to any third parties other than the sellers concerned.
You benefit from a right to access, to modify, to rectify and to delete you personal data (Law of 6 January 1978 relative to IT services, to files and to
liberties. To exercise them, address the: Realist - 100 boulevard du Montparnasse - 75014 Paris
The form will already be filled out in the future to make it easier to use. To delete the pre-fill facility:
Green-Acres reminds that the use of the form by professionals for the purposes of non-sollicited direct marketing (spam) is prohibited. In accordance with legal obligations, Realist records your internet address (18.221.165.246) and reserves the right to sue in the case of fraudulent use.
Site registered with CNIL with reference N° 1051448.
Need more information?
Need more information?
This property has been added to your favorites
Ne perdez pas de temps ! Contactez dès à présent l'agence Ideal Homes Portugal
Congratulations!
Request the translation of this advert
Send this page to a friend
Your email has been sent
Thank you for your interest in our services.
Contact the agency
Dial this number
+
Enter the following property code :
=
You are in contact with the agency !
Did you manage to contact the agency?
Yes
No
Can you tell us more about it?
Message service
Wrong Number
Other
Summary of the conversation
I'm waiting for information from the agency
I am planning to visit the property
I am no longer interested in this property.
The property is no longer available
Wrong listing
Display language preference
Some listings are available in several languages. Choose the display languages on these pages to your order of preference by moving them.
Languages in order of preference
Diagnosis
Live Currency Converter
Our currency converter automatically retrieves the exchange rate for all major currencies in real time.
Operation underway: please wait
Currency converter
Our currency converter automatically retrieves the exchange rate for all major currencies in real time.