🏡 3-Bedroom Villa + Independent 1-Bedroom Annex – Maloeira, Fajã da Ovelha
UNINTERRUPTED SEA VIEWS | SOUTH-FACING SUN EXPOSURE | MIXED STRUCTURELocated in the sunniest area of Maloeira, approximately 600m above sea level, this property offers a unique rehabilitation opportunity with massive potential for appreciation and rental income.
📐 Configuration & Potential (2 Units)
The property consists of two independent structures set on firm, consolidated ground, classified for residential use:
- Main Villa (3-Bedroom): Space for 3 bedrooms, living room, dining room, and bathroom. Features a mixed stone and masonry construction with an original wood-fired oven.
- Annex Building (1-Bedroom Potential): A separate structure, ideal for creating an independent T1 for guests or generating income via short-term holiday rentals (AL).
🛠 Administrative Advantage
Depending on your final purpose and design, this rehabilitation may
not require a formal architectural project. In many cases, a simple recovery license is sufficient. The existing footprint allows you to bypass the complexity of building from scratch, simplifying the administrative process.
💧 Water Resources & Exterior (Tank/Pool)
- The Levada: The property is bordered by an active levada (irrigation channel) that provides water to all residents on the street.
- The Tank (Water Deposit): Located about 8 meters from the house, this deposit has been empty and unused for over 10 years. It can be reactivated for irrigation or, if preferred, filled with sand/aggregates to expand the flat garden area.
- Swimming Pool: Given the excellent sun exposure and the size of the plot, there is perfect potential to install a pool with panoramic views over the ocean.
💰 Key Details
- Plot Area: 492 m²
- Condition: Requires Total Renovation
- Price: €207,500 (Negotiable)