Properties · Ribeira Sacra

Muíño de Lamas

Monforte de Lemos, Lugo province

€ 96,000

Asking price, buyer's costs excluded · Available

About this property

A former watermill on a tributary of the Cabe, with the wheel still on the façade and a chestnut wood bordering the plot on three sides.

This is a project, not a move-in-ready home — and that's exactly why it's interesting. The structure is sound: thick granite walls, timber floor framing that's largely worth keeping, a roof that has two or three winters left in it but will need replacing. The water right on the stream is registered and transferable, rarer in Galicia than sellers like to suggest. Ideal for someone who wants a building with a story and sees the renovation as part of the appeal.

What stood out to us

  • Registered, transferable water right — legally checked by our notary
  • Load-bearing structure and walls are in good condition per the building survey
  • 1.4 hectares of chestnut and oak woodland belongs to the plot
  • Lies within a núcleo rural, which makes rehabilitation permits realistic

What we're upfront about

For every property we show, we also point out what isn't right or what needs attention — even though we're the ones selling it.

  • The roof needs full replacement within three years — budgeted at € 28,000 to € 40,000
  • No mains electricity connection; connecting here costs around € 9,000, or you go solar
  • The last 200 metres of the access road are unpaved and jointly owned with two neighbours
  • There's no habitability certificate yet; that follows only after renovation

Want to think it through first?

A thirty-minute introductory call costs nothing and comes with no obligation. We'll tell you honestly whether this property fits your plans — even if the answer is no.