Your Property Specialists
Farmhouse
Full Screen

What is the cost of renovating a traditional farmhouse on a large plot in Algarve?

Plot in Olhão

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

The cost of renovating this traditional farmhouse in the Algarve can vary significantly based on the extent of the renovation desired. Currently, the property is on the market for €495,000, which includes the large plot size of 1.8 hectares and the approved project for a substantial 1,500m2 construction. This renovation project allows buyers to transform the existing ruin into a desirable living space or commercial venture with nine en-suite rooms.

Given the prime location near Olhão (5 km away) and within easy reach of stunning beaches, your investment could fetch a solid return. The plot boasts fertile land, previously a productive family farm, including fruit trees and other traditional agricultural elements—ideal for creating a beautiful rustic retreat once restored.

The historical value of the farmhouse, combined with local demand for rural tourism properties, enhances its appeal. Additionally, investment in restoring the remarkable well and traditional cisterna can significantly add value.

This renovation can pave the way for creating unique holiday accommodation that will attract tourists to the region. For those seeking a charming setting in the sunny Algarve, this opportunity combines the allure of the coast with the comforts of a rural lifestyle. Don’t miss out—contact us today for details on this exciting renovation project!

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
Enquire Now   +