Montinhos da Luz property Villa with AL license Algarve Property with rental income
Charming 3-Bedroom Villa with Licensed AL Annex – Montinhos da Luz
Live and earn in one of the Algarve’s most peaceful residential areas.
This spacious 3-bedroom villa, located in the tranquil neighbourhood of Montinhos da Luz, offers the ideal combination of comfortable living and an established rental income stream.
Situated on a generous 565 m² plot, the main house offers 145 m² of interior space, including three bedrooms, a rooftop terrace with lovely views, and ample potential to update and personalise the home to your style. While the villa would benefit from some renovation work, it presents an excellent opportunity for both homeowners and investors.
What truly sets this property apart is the 30 m² annex, fully licensed for Alojamento Local (AL), which currently generates approximately €30,000 net income per year. Whether you're looking to manage a small hospitality business, expand the existing rental setup, or convert the main house into additional AL units, the possibilities are wide open.
Key Features:
3-bedroom villa (145 m²)
Plot of 565 m²
Rooftop terrace
30 m² annex with AL license
Approx. €30,000/year net income from AL
Main house requires some renovation
Quiet residential area near Praia da Luz
This property is perfect for those seeking a live-work lifestyle, retirees looking to supplement their income, or investors wanting to grow their AL portfolio in a sought-after location close to the coast.
Property Features
-
Fireplace
-
Proximity: Beach, Golf course, Shopping, Restaurants, Open field, Hospital, Pharmacy, Public Transport, Schools, Public Swimming Pools, Playground
-
Terrace
-
Garage
-
Furnished
-
Built year: 1983
-
Drive way
-
Views: Countryside views, Mountain views, Urbanization view
-
Guest cottage
-
Main drainage
-
Walking distance to beach
-
Energetic certification: C
-
Mains water
-
Rental licence
