House buy in Fonte de Boliqueime Faro

Stunning 3 Bedroom semi-detached villa in the heart of Central Algarve. This villa is situated on a plot of over 1,600m2, with stunning rural views and a huge amount of natural light. The building was originally built in the late 1800s/early 1900s and is being completely rebuilt from the ground up. The completed project will keep much of the traditional charm while bringing the building and plot into the 21st century. The architect/project manager is very well known in Portugal and is famous for high-quality projects, so any buyer can be confident it will be finished to the highest standard. Rental potential in Boliqueime is extremely good. There are many independent villas in this area, making large sums during the summer months. This villa is very close to Vilamoura, which is the highest searched area for summer rentals in Portugal. You could easily charge over €1,500/week in high season for a property like this. The annual rental projection should be around 4-5%. The asking price is well below its completed market value, so is an absolute steal for any investor looking at low capital real estate options. Ref: PP7056 Property Features Townhouse Swimming pool 3 bedrooms 3 bathrooms Air conditioning Garden Parking Terrace/Balcony New development Features great views Near bars/restaurants Near schools Near shops Near a golf course Near the beach