€91,500

Renovation Project with Real Value-Add Potential in the Algarve Are you looking for a renovation project with a real margin for appreciation in the Algarve? We present this traditional Algarve house, located in Gião, Moncarapacho. It represents a strategic market entry for those wishing to build a custom home, combining countryside tranquility with strategic proximity to the coast. Project Potential Expanded Area: While the current structure is 77sqm, a preliminary study allows for an expansion to approximately 90sqm of total area, distributed over two floors. Approval History: The property has a history of an approved project by the Town Hall (currently expired), which clarifies viability and streamlines the process for new licensing. Suggested Layout: Ground Floor: Living room, kitchen, bedroom, and bathroom. First Floor (Setback): Additional bedroom, bathroom, and a private terrace, maximizing the use of the outdoor area. South-Facing Exposure: Excellent orientation, ensuring thermal efficiency and natural light throughout the day. Location and Access Situated in a quiet area with simplified logistics and quick access to key points: 2 km from Moncarapacho center (services and shops). 4 km from Fuseta Beach (just a 5-minute drive). 11 km from Olhão Marina. 29 km from Faro Airport. Book your visit today! At KW Flash, we offer full support in the financing process through a Credit Intermediary authorized by the Bank of Portugal. We share business with all real estate consultants with an AMI license on a 50/50 basis. This property is on an exclusive listing.