Villa for sale in Olhão
This two-bedroom villa with 9000m2 of agricultural land is for sale in Moncarapacho, Olhão. The villa is positioned on the 1st line overlooking the Ria Formosa.
On the ground floor the property features an entrance lobby and a traditional style kitchen leading to a bright and airy living/dining room. The generously proportioned kitchen offers plenty of space for dining. There is access to a large terrace creating the perfect seating area to enjoy the country views.
This floor also features a conservatory which has the potential to be used as a laundry room and a guest bathroom. The conservatory leads to the back of the property which comprises a private parking space and access to a spacious, single garage with ample storage space. The garage has stairs leading to a further terrace with views of the Ria Formosa.
On the first floor the villa offers two bedrooms and a bathroom with a walk-in shower. The master bedroom benefits from sliding doors leading out onto a terrace.
The villa is ready to move into, however, it could benefit from a renovation, it boasts great potential making this a fantastic investment.
The property has a council permit to build 220m2 of the land area of 9000m2. This space could be used to build a pool or to extend the annexed buildings adjacent to the building.
Due to the prime location of the land it has the potential to be used for various services such as a restaurant or bed and breakfast.
Located ten minutes from the picturesque Fuseta and within close proximity to the town of Olhão, everything that you need is in close proximity. Fuseta is surrounded by the Ria Formosa Natural Park, a magnificent sight to see, home to a variety of unique bird species, breath-taking lagoons and wildlife. Faro airport is also located just a short fifteen-minute drive from the property.
Mortgage Simulation: Duration / Period: 30 years / 360 months
Purchase Price: 795,000
20% Deposit / Down Payment: 159,000
Finance: 636,000
Interest Rate: 0.9%
Monthly Payment: 2,016.54
Mortgage Simulation: Duration / Period: 40 years / 480 months
Purchase Price: 795,000
20% Deposit / Down Payment: 159,000
Finance: 636,000
Interest Rate: 0.9%
Monthly Payment: 1,578.27
Features
Air conditioning
Close to the beach
Garden
Terrace