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Fully Renovated Two-Bed House with Guest Annex near Monchique

€599,000€8,557/m²

Monchique House, West Algarve, Portugal

  • 2

    bedrooms

  • 2

    bathrooms

  • 70 m²

    interior

  • 1,080 m²

    plot

  • 24 May 2026

    listed

The Habio take

AI summary

This charming, fully renovated house features a guest annex and is just a 5-minute walk from the centre of Monchique village. Surrounded by the picturesque mountains of the Algarve, it offers a serene lifestyle while remaining close to local amenities.

  • countryside
  • investment
  • walkable
  • quiet

Highlights

  • Modern open-plan layout
  • High ceilings and large windows
  • Covered terrace with barbecue area
  • Independent guest annex for rental opportunities
  • Spacious garden with beautiful valley views

Worth knowing

  • Limited internal space with 70 m²
  • Potential parking limitations depending on local regulations

Good fit for: Best suited for those seeking a tranquil retreat with rental income potential.

Lifestyle scores

Beach
20
Walkable
70
Remote work
60
Family
50
Retirement
80
Airport access
40
Investment
70
Luxury
65
Value
75

About this place

This fully renovated property is located in the peaceful mountains of the Algarve, only a 5-minute walk from the centre of Monchique village. Surrounded by nature and beautiful green valley views, it offers privacy, comfort and a relaxed lifestyle while still being close to local cafés, shops and services.The main house has been carefully redesigned with a modern open-plan layout that makes excellent use of space and natural light. The living area feels bright and welcoming, with high ceilings of up to six metres and large windows and doors that connect the indoor and outdoor areas naturally. From the lounge and dining space, you can enjoy lovely views across the valley throughout the day.The fully equipped kitchen includes Bosch appliances and a central island with elegant American walnut cabinetry, combining practicality with quality finishes. Large sliding doors open onto the covered terrace with a barbecue area, creating an ideal space for outdoor dining and relaxing in the garden.On the ground floor there is also a service area, a separate toilet and a spacious bathroom with both a shower and a bathtub positioned to enjoy the surrounding views.Upstairs, the property offers an office area, built-in wardrobes and a sleeping space with direct access to the roof terrace. From here, the mountain scenery creates the perfect setting to start the morning quietly with a coffee or enjoy the peaceful atmosphere at the end of the day.In addition to the main house, there is a separate storage room and an independent guest annex with its own kitchen and bathroom. Currently used for guest accommodation, this space already provides good potential for short-term rental income. Thanks to its flexible layout and natural daylight, it could also work well as an art studio, workspace or wellness area.Outside, the terraced garden is framed by traditional local granite walls and filled with citrus, olive and fruit trees. A natural spring and private water well add both character and independence to the property. During the warmer months, the plunge pool, sun deck and outdoor shower offer refreshing places to relax while enjoying the peaceful mountain surroundings.

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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