3 bedroom villa
Property description & features
- 3 bedrooms
- Total area: 4200 sqm
- House area: 224 sqm
- Swimming Pool
- Condition: Used
- 2 bathrooms
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): 1,400,000€
- 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): 1,400,000€
- 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): 1,400,000€
- 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): 1,400,000€
- 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%
REF: IDH33306
Places of interest
Ideal Homes Portugal - Portugal
Alto do Semino lojas 1, 2 e 3, Urbanizacao Vila Sol Quarteira - Portugal 8125-307, Portugal
*Based on an exchange rate of 1.1937 from GBP to EUR last updated on October 12, 2024
*DISCLAIMER
Property reference IDH33306. The information displayed about this property comprises a property advertisement. OnTheMarket.com makes no warranty as to the accuracy or completeness of the advertisement or any linked or associated information, and OnTheMarket.com has no control over the content provided by the agent or developer. This property advertisement does not constitute property particulars. The information is provided and maintained by Ideal Homes Portugal - Portugal. Please contact the selling agent directly to obtain any more information.