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Traditional Portuguese home with separate ruin to rebuild

In Portimão, Portimão

t1 villa,ruin,project,algarve property for sale,investment,renovation

  • 1
  • 1
  • 308 m2
140.000 €

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Traditional Portuguese home with separate ruin to rebuild

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Traditional Portuguese home with separate ruin to rebuild

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Traditional Portuguese home with separate ruin to rebuild

Property Details

  • Reference IDH30465
  • Type Ruin
  • Certification C
  • House area 57 m2
  • Land area 308 m2
  • Zone Portimão
  • City Portimão
  • Region Faro

Description

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Ruin for sale in Portimão

This typical Portuguese property boasts a fantastic location right in the centre of downtown Portimao. All amenities are within easy reach and just a short walk away. There are connections for mains gas, water and electricity in place and the front facade is currently used as a small shop space.

The property has the potential to be a wonderful family home, but requires extensive work to bring it back to life. There is also a separate ruin to be rebuilt, which makes this investment somewhat unique, as once the renovation is complete there will be two individual habitable properties, which would substantially increase the return.

Due to the location of these properties you could easily rent or sell them to people who live and work in the local area. Portimão is the largest city in the western Algarve, and was traditionally a centre for sardine fishing and processing. Today, most of that industry has been replaced by tourism, leisure, and retail, leaving Portimão as a large and residential city. Most tourists visit Portimão either for the extensive shopping or excellent public transport but there is a surprising amount to be seen within the city.

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  • Central location
  • Walk to Amenities
  • Near Markets
  • Near Medical Facilities
  • Traditional Architecture
  • Near Beach
  • Near Shopping
  • Near Schools
  • Partially Renovated

Advantages of Buying & Living in Portugal

Buying 

Ideal Homes Mortgage Department provides free brokerage consulting and can help you arrange up to 90% financing for your property purchase, at competitive rates. Depending on your circumstances you may also qualify for new residency and tax incentives, learn more here

 

Living 

 1. Over 300 days of sunshine per year
 2. International airport with cheap & easy flights to the UK & Ireland - Over 90 a day in high season
 3. High quality construction and best rising property values in Europe  
 4. Option to enjoy a holiday home and have rental returns as high as 14%
 5. Great residency programs and tax advantages
 6. Beautiful beaches and islands 
 7. Fabulous cuisine, with one of the world's largest selections of wine and seafood  
 8. Award winning golf courses, watersports and a never ending list of activities 
 9. Low cost of living with fantastic quality of life and rich culture 
10. One of the world's safest places to live

 

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