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Villa – Lagoa, Faro, Portugal

2,000,000 €
£1,663,000
  • Total area
    2,736 m²
  • Land area
    2,736 m²
  • Bathrooms
    5
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Features
  • Total rooms: 7
  • Balcony or terrace
  • Furnished
  • Swimming pool
  • Garden
  • Car parks

This Quinta dos Alporchinhos is located in the coastal town of Alporchinhos, very close to Armacao de Pera. It presents a great opportunity to start a B&B business, renovation/modernisation investment project or large family home. All your essentials are within a short walk, including cafés, restaurants and a choice of stunning beaches. Just a 10 minute drive away is the popular open-air Algarve Shopping complex in Guia, with cinema, food court and designer stores. Comprising a total of 7 large bedrooms, with scope to convert the annex building to a self-contained one bedroom apartment. There are 5 bathrooms, each with different traditional tiled designs and finishes, 2 of which are en-suite. Access to the property is via a long gated driveway, with many varieties of mature trees and plants. There is a garage for 1 car and covered carport, suitable for a further 3 vehicles. Upon entering the villa, there is a very light entrance hallway which leads through to 2 downstairs bedrooms, 2 bathrooms, living room with fireplace, kitchen and a third bedroom which is currently being used as a study. On the first floor there are a further 4 bedrooms, 2 bathrooms and large a private terrace which has great sun exposure. The property is the creation of well-known architect Sr. Laranjo, based locally here on the Algarve. The plot is fully fenced with outdoor areas which privacy and tranquility, complete with a number of large terraces, BBQ, private pool, fruit trees and other trees which are one-hundred years old! Some modern touches have been added to the property, including solar heated water system, security system, electric gates and air-conditioning in a number of rooms. There is also the option to purchase this property partially furnished.

Extra opportunities

The investor obtains a Portuguese residence permit by purchase of real estate worth at least €500,000. Our team at Tranio will help to make a deal remotely, collect a set of documents, and make an application.

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If this property wasn’t for you, take a look at other houses for sale in Portugal.

You can see more houses for sale in Lagoa elsewhere on our website.

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    Inna Shchukina
    Inna Shchukina,
    Senior property selection advisor
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      Ekaterina Maslova
      Ekaterina Maslova,
      Senior Residence and Citizenship Advisor
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      How to buy property with Tranio

      Enquiry

      Send us an enquiry with an approximate description of the property or investment project you’re interested in.

      Meeting the partners

      After clarifying your enquiry, we will introduce you to our partners and/or local agents.

      Offer selection

      We will help you to select suitable options. Tranio does not charge a commission for this — the property price remains the same as if you contacted our partner directly.

      Viewing tour

      You then view the property or properties you have chosen. Our partners or agents from Tranio's European offices will meet you in situ.

      Transaction closure

      Having chosen the best property, you will sign the sales or investment agreement (for development).

      FAQs

      • Can I get a mortgage abroad?

        It depends on the country. For example, German banks willingly offer mortgages to foreigners at 1.5-2 % per annum with LTV up to 70%. Spain offers less favourable terms: the minimum rate for foreigners is 2.5% per annum. The situation is different in Greece: although the law does not prohibit banks from issuing loans, in practice, Greek banks don’t issue loans to local nor foreign property buyers. You can learn about the mortgage terms in your preferred country by contacting Tranio’s local agents.

      • How does the purchase procedure work?

        The purchase procedure depends on the country where you buy property. Generally, after choosing a property you need to sign a preliminary agreement with the seller and carry out a due diligence of the property by checking the relevant documents and the property's technical condition. After that, all parties sign the sales agreement and the notary registers the transaction. As a rule, the purchase registration costs amount to approximately 10% of the property price.

      • Can a residence permit be obtained by buying property?

        In some countries it is possible. Residence-for-property purchase programmes are known as Golden Visas programmes. Greece, Spain, Latvia, and Portugal offer the most popular Golden Visas in Europe. The Greek residence permit is the cheapest and can be obtained by buying a property worth at least €250,000, while organising all of the documents costs about €19,000. Certain countries offer citizenship to property buyers — for example, an investor can get their hands on a Cypriot passport by buying a property worth at least €2M.

      • How does Tranio make money if your service is free for the clients?

        We share the commission, which the buyer or the seller (depending on the country) pays to our partners — foreign real estate agencies. The price of this service is the same as if you contacted the agency directly — this is an important condition and applies to all of our partnership agreements.

      • Who guarantees the transaction security?

        The transaction security is guaranteed by the notary who draws up the sales agreement and checks the information on the previous and current owners of the property, any outstanding restrictions, mortgage, and third-party encumbrances. Tranio is not responsible for the parties involved in the transaction.

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