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This is a great opportunity to purchase an old village house to renovate in Turkey’s charming Uzumlu village some 20 minutes from Mediterranean Fethiye. Bargain investment level for a renovation property with its 450m2 land plot.
- Investment opportunity in Uzumlu only 20 minutes from Mediterranean Fethiye
- Extend current 70m2 property to 140m2 with estimated costs of 75,000 Euros adding a second floor
- Ideal to build an authentic stone house
- Lovely holiday home or retirement spot
FACILITIES & LOCATION
Just a short walking distance from the village square and centre, this renovation project is in need of some love and attention to fully uncover the opportunity underneath – for anyone with a bit of time on their hands, read on.
What is there currently?
Currently occupying the space on this large plot of land is a small 70m2 bungalow type property. This home currently has 2 bedrooms, 1 bathroom and communal living areas such as a living room and kitchen.
Why would you invest in this?
Investing your time and renovating this bungalow in Uzumlu could see you tap into the Turkish real estate market on a whim, there is so much potential in this region, so much for you to do with this plot of land and many possibilities of what you could actually construct in its place or renovate into modern standards.
Property Turkey investment recommends:
When looking for property to renovate in Turkey, it is important to look at the wider picture, we recommend a possible renovation of the current bungalow home on the grounds – perhaps you could extend the house from 70m2 to an impressive 140m2; you could add a second floor and build an authentic and beautiful dream home abroad, perhaps a perfect holiday getaway or maybe even a nest egg with which you could retire to within a few years. There is lots of room in the outside garden area to build a private swimming pool, and gardens can be easily maintained by professionals to create a large space for children to play or for adults to relax and sunbathe in.
Using our expert knowledge of the real estate market in Turkey, we estimate that the cost in total to make the changes that we recommend would most likely cost around 75,000 Euros – taking into account the original purchase price, and the renovation period on this home, this could well prove to be a bargain in the long run.
Uzumlu is a tranquil and peaceful village area found within one of Turkey’s most popular regions – Fethiye. Offering lots of authenticity, the village is perfect for those who are looking to escape from city life into something more comfortable and perhaps live their lives at their own pace. The region is well connected with good transport links throughout Fethiye and onto neighbouring regions, while the village itself is surrounded by nature offering perfect green views indefinitely.
Renovating a property in Uzumlu could be a great choice for those looking in Turkey.