5 Bedroom Villa to Renovate on Portimão Riverside area

€350,000

7 Rooms
5 Bedrooms
2 Bathrooms
186 m² Total surface
163 m² Living area
6 m² Terrace surface

Description

This property is an excellent investment opportunity in the historic area of Portimão. Located in the heart of the riverside area, and within walking distance of several services, commerce and several restaurants, this Town House presents itself as a valuable acquisition, ready for a well deserved renovation. The property has about 186 m2 of construction, distributed in 2 floors, with a patio in the back, 5 bedrooms, one of them en-suite, and another complete bathroom. On the ground floor, we also find a garage for your car, so precious in the city centre. This villa offers good areas, good natural lighting, excellent location and needs a careful renovation, but still represents a valuable investment in an area in constant appreciation. Without a doubt a unique opportunity.

Features

GarageTerraceBuilt in wardrobe

Engel & Völkers Portimao

+351 282 071 131

Your advisor: Nuno Fernandes

Property ID: W-02QMYE

Location: Portimão, Faro District

Portimão is the largest city in the Western Algarve with around 60,000 inhabitants and was once a place where boat building, sardine fishing and fish processing were the city main activities. However, over the passing of the year’s most of this industry has been replaced by tourism, entertainment and services, making it a large residential city, in perfect harmony with its historic pedestrian center and riverside areas. This evolution has transformed the city into an attractive place to shop and admire its history and proximity to the river and the sea. The old and busy fishing docks have also been transformed into a long sidewalk integrated with the wooded squares of the old city where there is no lack of cafés, bars and restaurants to enjoy the excellent gastronomy and traditional pastries, with a clear view. Just 7 minutes from the city center is the iconic Praia da Rocha with its vast beach, crystal clear water and majestic cliffs that extend to the beaches of Amado and Vau. Complementing this postcard are numerous restaurants and beach bars and a nightlife that attract thousands of tourists and curious people every year. Its hub with public transport to various destinations in Portugal and Spain make this city a must-see for travelers and the surrounding population. At a short distance you can also visit the fishing villages of Alvor, Ferragudo and Carvoeiro, the spas of Monchique, Lagos (the city of the discoveries) and also Sagres (the most western point of Europe). Faro airport is only 45 minutes away. Lisbon and Seville are roughly the same distance from Portimão (2H30).