The cost of this charming renovation project guesthouse in northern Alentejo is €650,000. This unique property boasts 20 spacious rooms across two floors, presenting an excellent investment opportunity for those looking to enter the hospitality market. With a living area of 1,800 m² and a construction area of 1,963 m², this historic building from the 1920s is full of potential for redevelopment and profitability.
Situated just 20 km from Estremoz and a 45-minute drive to Évora, the guesthouse location is ideal for attracting tourists seeking peace and authentic Alentejo experiences. The property requires extensive renovations but retains its old-world charm, which can be transformed into a beautiful boutique guesthouse.
The large plot size of 24,500 m² offers plenty of space for additional developments or outdoor amenities, perfect for enhancing guest enjoyment. Moreover, the surrounding area provides stunning countryside views, a significant selling point for prospective buyers.
Nearby villages provide additional local benefits, making this investment not just a property purchase but a lifestyle choice as well. The architecture and character of the building provide a rare opportunity in the market.
Investors can expect good rental returns, especially during the tourist season, making this property an exciting venture. Whether you’re an experienced investor or a first-time buyer, this property is perfect for your vision. Contact us now to discuss further or to arrange a viewing.
. Living area: 1.800 m2
. Construction Area: 1.963 m2
. 20 rooms on two floors
. 2 bathrooms
. Near village
This property was built in the 1920s and has been occupied by the same family until 2018. The main building has a footprint of more than 1000m2 but it is in need of a lot of renovation. It is ideal for a big generation family or an investor to convert it into a beautiful running guest house.
The property also has outbuildings:
Connected to an outbuilding of 63,80 m2 adjacent to the house, also with one floor, with a kitchen and two rooms. There is also a service corridor that leads to a small terrace on the first floor and to another outbuilding.
There is also a shed of 85 m2 and a barn of 113,80 m2.
Amenities
Log burner
Well
Location
20 km to Estremoz
45 minutes drive to Evora
2 hours drive to Lisbon
45 minutes to the Spanish border
Other Info
Charming old property in need of a lot of renovation
