Great Investment Project - 3 Bedroom Villa In The Centre Of Loulé
€ 380,000£ 326,580$ 396,781
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Loule, Central Algarve
Ownership Status: Company
Built in: 1965
144m2 Build size
€ 2,639£ 2,268$ 2,755
/ m2 build
173m2 Plot size
€ 2,197£ 1,888$ 2,294
/ m2 plot
Three bedroom villa, situated in a quiet area, in the centre of Loulé, only 2 minutes walking distance to Loulé market and all amenities. A great investment project that calls for a renovation and proposes modern living spaces in keeping with today's lifestyle. Inspired by the original 60's architecture, the new layout creates flow and upon completion provides a unique product to the market.
The new project offers 3 Bedrooms (one en-suite), an open-plan kitchen, living and dining room, all with seamless indoor/outdoor access to a sleek terrace featuring a plunge pool. Floating stairs lead to a huge rooftop lounge area made for enjoyment and relaxation.
The project design has considered everything and more for contemporary living and includes an ample storage area, laundry, office area, family bathroom, ensuite and a guest toilet, fire pit, BBQ area with bar and Jacuzzi.
The project is ready to be put out for tender. Should you prefer a turnkey project, this one could be done at the price of 625.000.
Loulé is famous throughout Portugal for hosting the biggest and most flamboyant Brazilian-style carnival each year before Easter. At carnival time the town is transformed into a mesmerising party of colour, music and dancing. The event attracts people from all over the Algarve who come to watch the processions and join in the festive atmosphere.
Loulé sits 12 km from the coastline of the 'Golden Triangle', an area which encompasses the luxury resorts of Vale do Lobo and Quinta do Lago.
The centre of the town is steeped in history. Its thirteenth century castle is built on an area previously settled by the Romans and its main church, Igreja Matriz de S.Clemente, was built on the site of an ancient mosque and also dates back to the thirteenth century. Loulé market hall (Mercado Municipal) is a striking landmark and an excellent example of classic Moorish architecture. It re-opened in early 2007 after a long period of renovation. Browse the town’s cobbled streets and you will see how Loulé has gained a reputation as the craft capital of the Algarve. Local handicrafts include ceramics, copperware, leatherwear, embroidered linen and tableware, quilts and lace, many of which can be purchased at the colourful Saturday gypsy market.
Some perks of owning property in Loule: Faro Airport is just 20 minutes’ drive away and is served by several low-cost airlines, it is traditional Algarve combined with modern living, just 10 minutes’ drive to the 'Golden Triangle' town of Almancil, easy access to excellent road and rail networks, close to world-renowned golf courses, a wide choice of local leisure activities for all ages including art galleries, swimming pools and a sports pavilion, a wealth of restaurants and bars serving international cuisine, traditional markets, numerous supermarkets, English-speaking banks, pharmacies, local health centres and other amenities. A new major retail outlet with Ikea and 110 shops, opening in 2017, is a short drive away, plenty of entertainment for the children in and around the area including Roma mini golf park in Vilamoura, Aquashow waterpark near Quarteira and the renowned Zoomarine centre in Albufeira.
If you are seeking a property in an authentic country town in the foothills of the Algarve mountains then search no further than Loulé. This town is one of the oldest in the region and is located just 18 km (11 miles) northwest of Faro.
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