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House 40 м² in Lole, Portugal

149 798 $

3 744 $ /м²

4OiT1
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Area

40 м2

Bedrooms

1

Bathrooms

1

House in Faro. City - Lole

The adjacent one-bedroom ruin, designed for reconstruction, with ready-made architectural and engineering projects, which allows you to quickly start construction work and provides greater reliability, predictability and control at all stages of construction.

It's a possibility inspired by the principle that simplicity is the highest form of sophistication. Ideal for those looking for a house at a reasonable price just a few minutes from Lule, in an atmosphere of rural tranquility. Located in Parragil, this property retains the authentic spirit of the Algarve Barrocal and the traditional character of the region.

Living in this place allows you to enjoy the proximity to Lula, one of the most authentic and dynamic cities in the Algarve. The city is known for its historic heritage, including Lule Castle and the famous Municipal Market, as well as a rich cultural life throughout the year thanks to landmark events such as Lule Carnival, MED Festival and White Night.

The high quality of life, developed infrastructure, proximity to the beaches of the Golden Triangle and the constant growth of property values make this area especially attractive for both permanent residence and investment.

Currently, the registration procedure of the fenced courtyard with an area of 166 m2 is underway, which will provide a place for private parking and a comfortable outdoor recreation area.

The property is sold in its current condition, including already completed architectural and engineering projects. The yard registration process continues and is not a condition for the completion of the purchase and sale transaction.

Square

- Total building area: 60 m2;
- Useable area: 40 m2;
- Courtyard (registration process): 166 m2.

Distances

- 7 km to the center of Lule with the municipal market, restaurants, shops, medical center, hospital, schools and municipal services;
- 7 km to the main supermarkets (Continente, Pingo Doce and Lidl);
4 km to the A22 motorway (Via do Infante);
- 10 km to Vilamura golf courses (five 18-hole courses);
- 13 km to the marina of Vilamura;
- 17 km to Galé and Albufeira beaches;
- 20 km to the shopping center MAR Shopping Algarve;
- 30 km to Faro Airport.

Contact us for more information or arranging your viewing. Discover the potential of this unique opportunity in the heart of the Algarve Barrocal.
Energy consumption class: Seized
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Additional details

Property type

Residential Properties

Object type

House

Price

149 798 $

FAQ

In Portugal a residence permit is typically issued based on a minimum investment threshold. Applications are reviewed within 30–60 days in Lole; you will need a passport, proof of funds, and the ownership documents. Hatamatata helps prepare and submit the paperwork.
Banks in Portugal finance 50–70% of the property value for non-residents with rates of 3–5% for 20–30 years. A life insurance policy and a 30–40% down payment are usually required. Terms and programs vary by city and bank.
Expected expenses: transfer tax 0–15%, registration 0.5–2%, notary 0.5–1.5%, agent commission 0–3%. In total 2–20% on top of the purchase price. Exact rates depend on region, property type and programs.
A title search at the land registry of Portugal takes 10–15 business days. You receive ownership, encumbrance and tax clearance certificates. Documents are translated and reviewed by a lawyer before signing.
Yes. Rental income tax is 5–25% depending on the regime. In Lole short-term tourist rentals typically yield 5–8% per year. Municipal permission and income registration are usually required.
Yes. An inspection costs about 0.5–1% of the price (149 798 $) and covers structure, utilities and legal status. Hatamatata arranges a qualified engineer with an EN/RU report.
A typical transaction runs 30–90 days, averaging 45 in Lole: due diligence (10–15 days), notarization (5–7 days), registration (10–14 days), residence permit (30–60 days, if needed).

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