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Restoration Project for Six-Bed Villa near Loulé

€375,000€696/m²

Loule, Central Algarve, Portugal

  • 6

    bedrooms

  • 0

    bathrooms

  • 539 m²

    interior

  • 767 m²

    plot

  • House

    property type

  • 31 May 2026

    listed

The Habio take

AI summary

This unique property offers a derelict six-bedroom villa project with extensive renovation potential, located just 3 km from the historic centre of Loulé. The site provides beautiful countryside views and distant sea glimpses, ideal for families or investors seeking a personalised home in Central Algarve.

  • quiet
  • family
  • investment
  • renovation
  • countryside
  • historic

Highlights

  • Large 539 m² build area planned
  • Quiet location with countryside views
  • Existing connections for utilities in place
  • Pending approval for swimming pool and parking
  • Close to Loulé's amenities and cultural sites
  • Easy access to Faro Airport and beaches

Worth knowing

  • Current structure is a derelict ruin
  • Renovation required before habitation],
  • buyer_fit
  • s
  • This property is best suited for investors or families looking to create their dream home through a restoration project.
  • lifestyle_tags
  • quiet
  • family
  • investment
  • renovation
  • countryside
  • historic

Good fit for: This property is best suited for investors or families looking to create their dream home through a restoration project.

Lifestyle scores

Beach
70
Walkable
50
Remote work
60
Family
80
Retirement
70
Airport access
80
Investment
75
Luxury
65
Value
80

About this place

Yellow Homes - Land and Houses Algarve presents a large ruin with character and scope for restoration. The property comprises a derelict house with several rooms and outbuildings over two levels on sloped terrain. This is an ideal project for investors or families looking to create a personalized home with without having to go through the lengthy early stages of designing and licensing a project from scratch. It lies in a very quiet area approximately 3 km from Loules historic centre. The position offers open views across the surrounding countryside with sea visible on the horizon. The existing construction has a usable area of 416.8 m2 on a plot of 767.2 m2. Mains water, electricity and sewer connections are in place, and access to the property is straightforward. A comprehensive restoration and extension project is currently pending approval at the town hall, which foresees: * Conversion into a modern six-bedroom home * A total planned build area of 539.16 m2, distributed over two above-ground floors plus a basement * A swimming pool for the future residents enjoyment * Covered parking for two vehicles. A short distance from Loule, you will have access to all services, shops, restaurants, and the citys vibrant cultural life, including the famous municipal market. Proximity to the motorway ensures quick connections to Faro, the International Airport, and the magnificent beaches of the South Algarve. Don not miss this unique opportunity to invest in a piece of the Algarve with extraordinary potential. Schedule your visit now and start building your future today.

PT

Buying property in Portugal

Full guide →

Portugal is open to foreign buyers with no restrictions on ownership. A NIF (tax number) and Portuguese bank account are required, and most buyers engage an independent lawyer to handle searches, contracts, and the public deed.

  1. 1

    Get a NIF

    Apply for a Portuguese tax number (Número de Identificação Fiscal). Non-EU residents need a fiscal representative.

  2. 2

    Open a bank account

    Open a local account to handle the deposit, taxes, and ongoing utility payments.

  3. 3

    Engage a lawyer

    Hire an independent lawyer (not the seller's) to run title and planning searches.

  4. 4

    Sign the CPCV

    Promissory contract (Contrato de Promessa de Compra e Venda) with a deposit, typically 10–30%.

  5. 5

    Final searches & funds

    Lawyer confirms clean title; you transfer the balance and pay IMT and stamp duty before completion.

  6. 6

    Escritura (deed)

    Sign the public deed at a notary or via online platform Casa Pronta. Keys handed over.

  7. 7

    Register the property

    Lawyer registers the new ownership at the Land Registry (Conservatória do Registo Predial).

The Golden Visa programme no longer accepts residential real estate as a qualifying investment (changed 2023). Mortgages are available to non-residents, typically up to 60–70% LTV.

General guidance only — confirm specifics with a qualified local lawyer or tax adviser. Reference

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