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Villa – Porches, Faro, Portugal

715,000 €
£647,000
  • Total area
    1,080 m²
  • Land area
    1,080 m²
  • Bathrooms
    2
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Features
  • Total rooms: 3
  • Balcony or terrace
  • Garden
  • Car parks

a traditional and spacious three bedroom villa for sale in porches, offering great potential for a renovation project to be used as a family home, vacation home in the sun or as a way of generating a rental income. this villa is a canvas if you are wanting to design and transform a home into a way that matches your own personal taste whether it be modern, chic or more a traditional style, this is an opportunity to bring this property back to life. comprising a spacious living room with dining area, fireplace and a great covered, terraced area surrounded by glass doors enabling lots of light to brighten up this space. on the ground floor there is also a pantry and large fully equipped kitchen, this area also connects to the glassed area so you could enjoy a light breakfast or evening meal while looking over the recently renovated garden. a spacious double bedroom and bathroom is on the lower level making it a great place for people to stay who can not go up to the second floor. upstairs there are an additional two bedrooms, both equipped with fitted wardrobes and access to a large terrace. a shared bathroom comes equipped with a corner bath but could be replaced for something more recent if desired. the upstairs terrace is extremely big and could potentially be used, with the right permissions, to convert into two additional bedrooms and bathrooms. outside in the garden there is a medium sized swimming pool which does need to be repaired but once complete, provides a great space to entertain family and friends especially in the summer months. a private garage is available along with an outdoor bbq. situated in a quiet residential area, this property is just a short ten minutes away from praia de nossa senhora da rocha, five minutes from porches and armação de pêra as well as being ten minutes from the international school. all of which combined gives this property an extremely enviable location as it is conveniently located between major towns and cities where there are a variety of amenities, restaurants, cafes and more! lagoa itself is a small town on the western algarve renowned for its winery production, its closeness to award winning beaches along with a great water quality and environment. the charming city centre is filled with whitewashed houses, creating the perfect backdrop for romantic walks or a favourite holiday destination.

Extra opportunities

We can help you get a Golden Visa (permit without tax residence) when buying a property worth €500,000 or more.

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    Location right down to the building, street or city

More properties

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 Porches elsewhere on our website.

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      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.

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      • 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.

      • Can I obtain income from a seaside apartment?

        Yes. You can use the purchased property yourself for holidays and lease it to tourists for the rest of the time. To avoid the hassle of finding tenants and cleaning the property, it’s a wise idea to hire a management company to do all the work – these services usually cost about 20% of the rent. Take into account the length of the tourist season in the location you choose: in certain regions it will be easy to rent apartments out all year round, while in others it might only be possible to do so during the high season.

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      • Who guarantees the transaction security?

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