Stunning 3 Bedroom semi-detached villa in the heart of Central Algarve. This villa is situated on a plot of over 1,600m2, with stunning rural views and a huge amount of natural light.
The building was originally built in the late 1800s/early 1900s and is being completely rebuilt from the ground up. The completed project will keep much of the traditional charm while bringing the building and plot into the 21st century. The architect/project manager is very well known in Portugal and is famous for high-quality projects, so any buyer can be confident it will be finished to the highest standard.
Rental potential in Boliqueime is extremely good. There are many independent villas in this area, making large sums during the summer months. This villa is very close to Vilamoura, which is the highest searched area for summer rentals in Portugal. You could easily charge over €1,500/week in high season for a property like this. The annual rental projection should be around 4-5%.
The asking price is well below its completed market value, so is an absolute steal for any investor looking at low capital real estate options.
Boliqueime is a lovely little town, part of the Loule district. It is located 10 minutes drive from Vilamoura inland to the West. Easy accessible by the National Road 125 or the highway A22. The town’s name comes from the word “bulicame” which means “thermal spring” and the origin of this town is closely connected to the Genovese, Venetians and Sicilians who used to travel in the 13th, 14th and 15th centuries to this place, for the tuna and whale fishing.
Boliquieme is a popular and sought after location not only for the locals, but also for holiday home owners or expats who want to be close to all amenities, but at the same time have more space, land, peace and privacy that a country side offers. With fertile fields and lovely valleys, Bolquieme has some great views over the ocean and a door open towards the hills at the back with many picturesque places popular for the rural and natural tourism.
Despite it’s small size, Boliqueime has a rich cultural patrimony with many appealing points for tourists, like: the traditional cobbledstone streets, the Matriz church, Sao Faustino church, a museum and the traditional wind mills and wells that used to be used for water supply back in the time.
Boliqueime is host of many religious and cultural fairs: Nossa Senhora da Dores on the 4th of August and 17th of October, São Luís e São Sebastião, in September and the São Faustino party, on the Sunday following Easter.
Excellent activities in the area are the walks in the country side, by the small rivers with crystal clear waters, the old wells and wind mills, the high points for observation of distant places and a variety of vegetation, like the wonderfully smelling Almond trees when in bloom!
Want to know more about this property?
Speak to anyone in our team and we will be happy to help. Send your enquiry through now.