River Front: Grand luxury 4/5-bed waterfront villa, giant 'tropical lagoon' pool, great swimming river

You may never see another opportunity like this: on an island in a great swimming river with almost 140 mtrs of river frontage, this stylish villa, beautifully restored, with an amazing giant 'tropical lagoon' pool, made from and surrounded by white sand, and with a sloping beach - the only one of its kind in Portugal.

There are two other buildings on the island (same owners, also for sale), but there is a total embargo in Portugal on any new building by a river. It cannot be overstated that this is a very rare asset indeed.

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Access is by a kilometre-long track through the forest, so you really do have your own ‘Lost World’ here – yet only c. 8 mins from town and 25 from the medieval university city of Coimbra, Portugal's third city.

The villas are approached by two bridges, one in oriental-style red iron, the other an ancient stone arch, across a lovely old canal, which disappears intriguingly into a tunnel of trees.

This gorgeous, dreamy setting makes for easy and successful tourist rentals, as well as a wonderful place in which to live. The river shimmering in the morning sunlight is a profound delight.

The villa ('Papyrus') is constructed from solid stone over a metre thick – no air-conditioning necessary!. It is the largest of the three. On the ground floor are: a conservatory-style dining room with glazed doors onto the beach; a big, modern fitted kitchen with island; a large pantry (bigger than many kitchens); a TV snug with glazed door to riverside garden; large study; large wet room; big entrance hall with seating and log fire; a utility room with boiler, washing machine storage cupboard and shelves; separate oil tank room with tool storage.

Upstairs is a good-size triple-aspect lounge with covered terrace overlooking pool, garden and river; bedroom 1 (double) with big en-suite bath and walk-in shower room; bedroom 2 (large double), with en-suite walk-in shower, walk-in fitted wardrobe and double aspect over river and garden; a child’s playroom (could be a single bedroom) with glazed doors out onto enormous half-covered terrace.

On the top floor is a gigantic bedroom (over 60 sq mtrs) with built-in wardrobes and cupboards and en-suite shower room – a perfect teenage den!

Quality materials throughout. Double-glazing. Oil-fired central heating. Mains water and electricity. Drainage to special ecological septic tank.

The sale includes two kayaks and a 4.2 mtr six-seater wooden rowing boat. In a few minutes these can take you downstream to the river bar (c. six minutes by foot), which serves simple snacks and has a diving platform. This is an important attraction for guests.

The size and layout of the house make it possible to runa boutique-style B & B; or it would not be at all difficult or expensivve to divide it into two apartments.

The town of Lousã is about eight minutes by car. It has several supermarkets, restaurants, schools, health centre, indoor and outdoor pools, as well as one of Portugal’s leading beauty spots, the incredible gorge at Arouce castle, just outside the town. Above it lies the magnificent Serra da Lousã, famous for its breathtaking views and ‘lost’ mountain villages.

This area has been described as Portugal’s Tuscany. Perhaps the British equivalent is the Lake District, except the waters are much warmer and clearer here, and wonderful for swimming. Some have beaches with café/restaurant, others you (and your guests) might have all to yourself.

Under construction is a new Metro system to link the town with the medieval university city of Coimbra, regional capital and Portugal’s third city. It has every modern facility, including fast trains and motorway to Porto and Lisbon. Once the Metro is functioning, prices can go one way only. Infrastructure is excellent, there are many expats in the area already and English is widely spoken.

The Portuguese are very welcoming to foreigners, to the extent of tax exemption for ten years on income derived anywhere within the EU. There is also free, modern health care to EU citizens. Add to that Europe’s most benign climate, Western Europe’s lowest cost of living and rate of crime, and you will see that the quality of life here is hard to beat at any time; but there is simply no better time than now to invest.

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