Considering a renovation project of this charming 1920s guesthouse near Estremoz means investing in a property with significant growth potential. Located in northern Alentejo, this expansive guesthouse features 20 rooms and requires substantial renovation, currently listed at €650,000. The property spans a generous living area of 1,800 m², making it ideal for transformation into a boutique hotel or a family residence.
Sitting just 20 km from the vibrant town of Estremoz and within easy reach of Evora and the beautiful landscapes of Alentejo, this location is perfectly positioned for attracting both guests and future tenants. The property also includes additional outbuildings and ample outdoor space, which can be developed to enhance its appeal.
Renovating a property of this age allows you to retain its historical beauty while introducing modern amenities, thus maximising rental income potential. The charm of the countryside lifestyle, combined with competitive rental pricing, creates an enticing opportunity for investors looking to tap into this growing market.
Whether you envision a family home or a renovated guesthouse, the investment potential here is substantial. Seize this unique chance and contact us today to learn more about this property!
. 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
