Large Detached House in Need of Renovation
This 5 bedroom, 6 bathroom detached house has been closed up for some years as a result of a court dispute which has now been resolved and the property is for sale for renovation.
Situated in 2,800 sq. metres of garden, in an upmarket development close to Alvor and surrounded by houses worth over 1 million euros, this property is a real investment for the right buyer. Before its closure, the property had previously been sold for around half a million euros and its value today, after repairs, is estimated at over €700,000. A recent quote from a local builder estmated that if the house was upgraded to modern standards as well, it would be worth 1.1 million Euros
The house comprises:
Main street entrance with automatic gates,
Hall, large living room, kitchen, 3 bedrooms, two with ensuite bathrooms, family bathrrom, cloakroom with toilet and handbasin, circular inner hall surrounding a central atrium with flower beds.
Master bedroom suite with full bathroom, roof terrace with woodland views.
Separate annexe with Living room, kitchen bedroom and bathroom and it's own separate entrance, and an adjoining door to the main house.
Large mature garden with two swimming pools, one for adults and the other for children with waterfall, well and single garage.
The building is sound and needs little or no structural work. All the glassware is intact.
The pool. though dirty, is free of leaks.
The majority of the work that is needed is new kitchen and repairs to bathroooms, minor roof repairs, cleaning and painting and clearance of the garden. For around €50,000 euros the house could be restored to its previous general condition. For a further €50,000, you could enhance to a fabulous family home.
Below is a slideshow of the house before is was closed.
For more information, please contact us by email (firstname.lastname@example.org) or through our contact page.
Price €345,000 (£300,000 approx.)