€1,400,000
Remodeled 6-bedroom villa with 348 sqm of gross construction area, garage, heated swimming pools, and garden, situated on a plot of land measuring 2,020 sqm in Porches, Algarve.
This villa is spread over three floors and is sold furnished. On the ground floor, it offers five bedrooms, three of which are en-suite, two bathrooms, a living room, a dining room, and an open-plan kitchen. On the first floor, there is a bedroom en-suite and a large balcony. In the basement, there is a large storage room that the owner has converted into a 2+1 bedroom apartment, along with an outdoor area that includes two heated pools, a water cascade, garden, and barbecue. The villa is rented on a weekly basis, generating an income of 120,000€/year, which represents a profitability close to 10%.
Porches is a small village located between Lagoa and Albufeira, known for its famous ceramics and unique beaches with cliffs and caves. Porches was once home to a significant community of fishermen, but today tourism, rather than fishing, is the main source of income for the local population.
Located just a 5-minute drive from Nossa Senhora da Rocha Beach, supermarkets, and renowned resorts such as Vilalara and Vila Vita Parc. It is also a 10-minute drive from the Nobel International School, 50 minutes from Faro Airport, and 2 hours and 30 minutes from Lisbon.
The information provided on this webpage has been obtained from sources believed reliable, this may be subject to errors, change of price, prior sale, or withdrawal without notice. Fine Luxury Property Ltd®, it’s partners and collaborators do not guarantee the accuracy of any information contained on our websites.