Investment opportunity in Alcochete: a house for renovation

€445,000

4 Rooms
3 Bedrooms
1 Bathroom
94 m² Total surface
58 m² Living area
452 m² Plot surface

Description

Located in the heart of Alcochete, one of the most charming and authentic areas of the region, this house is just a few minutes from the iconic Largo Barão de Samora Correia. This tranquil neighbourhood, with its historical charm and welcoming atmosphere, offers the perfect combination of countryside serenity and proximity to urban life. Property Description This house is situated on a plot with a total area of 452 m², offering significant potential for expansion and adaptation. The existing construction currently occupies approx. 100 m², but with the possibility of adding approximately 42 m² laterally and the construction of a new floor, the total construction area could reach up to 271 m², subject to the submission and approval of the rehabilitation and expansion project by the Alcochete City Council. The property’s architectural rehabilitation allows for the creation of a modern and spacious residence, while preserving the traditional aesthetic and typical features of the region. This expansion would enhance the use of space, making the house ideal for one or two families or for tourist accommodation, catering to the growing demand in the area. Unique Panoramic Views The house's privileged location offers breathtaking views of the Tagus River and the city of Lisbon. The sunset over the river creates a stunning natural spectacle, providing a tranquil and inspiring environment for residents. Location Advantages • Proximity to Alcochete Center: Easy access to services, shops, and infrastructure. • Accessibility: Just 30 minutes from Lisbon via fast roads and public transport, and 20 minutes from Lisbon Airport. • High Demand Area: Alcochete is increasingly sought after for both permanent residences and tourism, making this an excellent investment. • Freeport Lisboa Fashion Outlet: Located a few minutes away, this outlet is the largest in Portugal, attracting thousands of visitors annually. • Future Lisbon International Airport: The construction of the new Lisbon airport nearby will significantly boost the local economy, increasing the demand for housing and providing excellent return prospects for real estate investors. Project Objectives • Rehabilitation of the existing house, maintaining its original character and style. • Expansion of the construction area for a single-family home, multiple apartments, or a local tourism project. • Harmonious integration of the project with the surrounding environment, respecting the architectural identity of Alcochete. Conclusion This property represents an exceptional investment opportunity in Alcochete, combining architectural heritage with modern comfort and prime location. The possibility of expansion, coupled with the region’s economic development and growing demand for housing, makes this house a strategic choice for investors looking to create a unique residence or capitalize on the thriving tourism market.

Features

GardenPatioSea/Lake viewWaterfront

Engel & Völkers Lisboa MMC

+351 210 200 490

Your advisor: Odete Guerreiro

Property ID: W-02Z22T

Location: Alcochete, Alcochete

Alcochete, located on the south bank of the Tagus estuary, has origins dating back to Roman times, due to its strategic location for fishing and salt production activities. In the medieval period, it stood out as a land belonging to the Order of Santiago and a resting place for the nobility. It was also the birthplace of King Manuel I of Portugal in 1469, giving the town a significant role in national history. The culture of Alcochete is deeply linked to Ribatejo traditions, highlighting the Festa do Barrete Verde e das Salinas, which celebrates the connection to the countryside and salt. Bullfighting, popular music, and religious festivities are living expressions of local identity. The Tagus Estuary Nature Reserve, one of the most important wetlands in Europe, plays a central role in environmental preservation and the cultural identity of the region. Historically, Alcochete's economy was based on salt extraction, fishing, and agriculture. Currently, the tertiary sector assumes greater importance, with commerce, tourism, and services standing out. The Freeport Lisboa Fashion Outlet, one of the largest open-air shopping centers in Europe, contributes to local economic dynamism. The future construction of the new Lisbon airport in the Alcochete shooting range area represents a strategic opportunity for economic development, with a positive impact expected on job creation, land appreciation, and growth in the tourism sector. Alcochete stands out as a tourist destination for its natural beauty and authenticity. Its privileged location next to the Tagus Estuary Nature Reserve attracts nature tourism enthusiasts, especially bird watchers, with species such as flamingos and herons making the region an internationally recognized point of reference. The town is also known for its traditional cuisine, with specialties such as eel stew, grilled fresh fish, and seafood dishes. The gastronomic offer is complemented by a wide selection of restaurants, many of them overlooking the river, combining quality, tradition, and innovation, providing a unique experience for visitors. Local products, such as homemade bread and typical sweets, further enhance the gastronomic identity of the region.

Commission details

Availability upon agreement. This material is based upon information which we consider reliable, but because it has been supplied by third parties, we cannot represent that it is accurate or complete and it should not be relied upon as such. This offering is subject to errors, omissions, change of price or withdrawal without notice. Taxes, notary and registry fees must be paid by purchaser, the commission by the seller as stipulated by Portuguese regulations.