€475,000

This Algarvia property features five bedrooms and three bathrooms across three floors and also offers two spacious terraces. Although it requires full renovation, this charming house has many typical features presenting huge potential to be transformed into a residence, holiday home or highly attractive rental property, thanks to its prime location and excellent accessibility. Perfectly positioned to capitalise on the booming tourism market in this sought after location, the property is located just a three-minute stroll from the stunning beaches of Albufeira and mere steps from an array of vibrant restaurants, clubs and bars, grocery stores, pharmacies, and essential tourism services, a great location for a rental investment. Dont miss your chance to acquire a property with immense potential in one of the Algarves most desirable neighbourhoods. This is the perfect canvas for someone ready to undertake renovation works and maximize rental returns in Albufeira. At Cerro Novo, we pride ourselves on helping clients find properties that perfectly match their lifestyle and goals. With over 40 years of experience in the Algarve property market, our team offers professional guidance, market knowledge and personalised support at every stage of the buying process, ensuring a safe and smooth experience.