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What is the cost of a plot with an approved project for a farmhouse near Olhão?

Plot in Olhão

ref. TV1693
495.000€
  • NA
  • 138m2
  • 18.000m2
  • Building Plot

The cost of this unique plot near Olhão, available for £495,000, includes an approved project for a farmhouse featuring nine en-suite rooms. Nestled on a spacious 1.8-hectare agricultural site, this opportunity is ideal for buyers looking to invest in rural tourism or a bespoke private home. The existing structure, an old farmhouse in a state of ruin, offers immense potential for renovation or complete redevelopment into a stunning family residence. Located just 5 km from Olhão, you can enjoy local amenities such as supermarkets, restaurants, and cafes, alongside the beautiful beaches just 3 km away. The approved project allows for a significant construction area of 1,500 m², providing ample space for your vision. The property is surrounded by traditional agricultural features, including a large well and established fruit trees, enhancing its appeal for horticultural enthusiasts. With a serene countryside setting and the convenience of being so close to the sea, this parcel presents a fantastic investment opportunity. It's accessible via a shared driveway, providing privacy and tranquillity away from the hustle and bustle of urban living. Whether you're looking to create a luxury holiday retreat or a functional family home, this property is a must-see. Explore this opportunity today before it's gone—contact us for more details!

Usage
Residential
Type
Plot
Town
Olhão
Parish
Quelfes
Municipality
Olhão, Faro
Region
Algarve (East)
Floors
2
Living Area
138 m²
Surface area
178 m²
Plot Area
18.000 m²
Driveway
well, Mains electric
Fruit Trees
Panoramic View, Countryside View
Building Plots
• Living Area: 138 m², Construction area: 178 m² – existing farmhouse
• Plot: 18,000 m²
• Year of Construction: pre-1951
• Project specifications available on request
• The price includes the plot and the approved project but not the construction of the building
• Short drive to town and all amenities
• Distance to the nearest beach 3 km

This property has enormous potential, with an existing old farmhouse (in ruins), other buildings and surviving, traditional agricultural features set in a large fertile agricultural plot of 18,000 m2, with only a few neighbours.

The existing ruin offers the opportunity to create a new house or to renovate and extend the traditional farmhouse. Recently, a project has been approved by the local council for a 1,500m2 construction including nine en-suite rooms, roof terraces and basement garage.

The ruin is located at the highest point of the diamond-shaped plot, in the northerly corner with the land sloping gently away from a ridge along the eastern boundary and descending in terraces to a brook that runs along western edge of the property. Access is via a 50m shared driveway from the tarmac road and, at the other end of the plot, a private path.

The land was used as a productive family farm with a mix of established trees including figs, olives, carobs, nêsperas, orchards of citrus and almonds, vegetable patches, arboriculture and watercourse beds. The surviving well, nora and cisterna are remarkable features, which could be restored, or the cisterna could be converted into a swimming pool.

The property would make an idyllic rural retreat for a family home or a fantastic agro-tourism or holiday project. Please contact our agency for more details.

Amenities

• Mains electricity, telephone and mains water for connection nearby
• Fertile land with established trees, orchards, market gardening
• Large well with good water readily available
• Other traditional agricultural features – nora, cisterna, eira and terracing

Location

• A short drive to Olhão (5 kms) with all its amenities and year-round entertainments and activities: supermarkets, banks, post office, restaurants, cafés, shops, pharmacies, medical centres, schools, newsagents, sporting facilities and public swimming pool, the famous fish market, marina, other markets and much more.
• Beaches: Praia dos Cavacos (3 kms), Praia da Fuzeta (8 kms), Praia de Faro (20 kms)
• Golf: Colina Verde (10 kms); Quinta do Lago Laranjal (23 kms); Benamor (25 kms)
• Faro International Airport: 18 kms
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