COLL575: Quinta Elenora

Loulé, Faro

Price:

€395,000

4/5 bed Algarvian farmhouse plus ruins on 6,500m2 land with stables, tackroom, pool and greenhouse

Property Advertised by: Owner

Property Description

4/5 bed property set in unspoilt countryside with 6,500m2 (1.5 acres).

The house is a traditional Algarvian farmhouse and pains have been taken to maintain the original features and characteristics.

The main accommodation has 2 bedrooms, (both en-suite), a modern kitchen and dining area, and a living room with woodburning stove, with library/hayloft above.

Through a separate door along the patio are a further 2 bedrooms, a bathroom, and kitchen/diner. This can either be used as a guest cottage or could be easily incorporated into the main building with an additional bedroom converted from the kitchen. The accommodation of 192m2 also has a utility room currently used for washing machine and freezer etc.

The 5th bedroom/office (also en-suite) is detached from the main house (above the small barn/garage) and adjacent to the stables.

Outside the length of the main building there is a charming patio opening up onto the swimming pool with 11m x 4.5m pool (with telescopic all year pool cover and heat pump) and barbecue area. There is ample outside dining space, either on the patio or by the pool. From a balcony, which completes the privacy of the pool area, can be seen in one direction the sea in the distance and in the other direction extensive rolling views to the nearby hills, some 15-20km away.

There are 2 stables, a tack/store room and the small barn/garage and also a workroom of 32m2
Satellite TV and own water supply through a borehole. 3 phase electricity, 2 cisternas, one for main house, the other collects rainwater for irrigation to some of the land. Ample parking area. Irrigation. The property enjoys broadband connection. Electric gates. The property is  totally fenced. The current owners have planted many types of fruit trees and used some of the land for grapes and vegetables. Currently the best of the soil is being covered with membrane and pine bark for ease of weed control. If the new owner wants to return the soil to either grass or vegetables it can be done very simply.

Set in the countryside 4km from Loulé with easy access via tarmac roads, entry is up a private drive of some 120m paved with traditional calçadas (cobblestones).

We understand that there is now potential to apply for permission for considerable expansion including some 2-3000m2 for a holiday/camper van parking development.

There is an additional 1,500m2 adjoining plot if required.

Ideally situated 20 minutes away from Faro Airport, 5 minutes from Loulé, with its supermarkets and thriving market town atmosphere, 15 minutes away from beaches or golf and 8 minutes from A22 motorway for Lisbon or Spain.

<b>The ownership of the property is held in a non trading Portuguese company which renders it exempt from IMT (property purchase tax).<b> The company also enjoys the benefit of cheap rates of CGT (for non residents) if and when the property is resold. This is a unique property allowing the best of modern living in traditional, tranquil surroundings in the fabulous Algarve climate.

Property Location

For owner privacy, map may not show exact location of the property.

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