Pink House

House to renovate with 4 bedrooms, terrace, patios and 3 entrances. Excellent investment potential in the historic center of Olhão. A property with historic identity and appreciation potential, where original charm meets the possibility of customization, in one of the most authentic locations in the Algarve. ✦ General Property Features - Traditional-style house, partially renovated - Essential elements have been renovated, including the electrical installation, plumbing, sewer network, walls, window frames and flooring - Requires additional work, ideal for a customized renovation - Southwest-facing façade, providing excellent natural light - Two-story layout with spacious, well-structured areas - Three independent entrances, offering versatile use ✦ Interior Spaces - Spacious living room with good natural light - Two kitchens allowing different functional configurations - Four bedrooms with potential to adapt to different needs - Three bathrooms practically distributed - Balanced layout that facilitates reorganization of the spaces ✦ Distinctive Elements - Preservation of original details that enhance the property’s character - Elevator connecting the two floors, ensuring comfort and accessibility - Two interior patios providing light and privacy - Ideal base for a renovation project with a unique identity ✦ Outdoor and Leisure - Large terrace with views over the typical rooftops of Olhão - Perfect space to create a leisure area or outdoor social space - Private setting in the city center - Excellent sun exposure throughout the day ✦ Setting and Location - Located in Downtown Olhão, a historic area with strong real estate demand - Set in a traditional environment, close to the market, marina and Ria Formosa - Surroundings with restaurants, local shops and essential services - Prime location to live, invest or develop a tourism project - Urban context with high attractiveness throughout the year ✦ Investment Potential - Property with high potential for appreciation after renovation - Ideal configuration for local lodging rentals or tourist operation - Possibility of creating independent units - A distinctive product in the real estate market of the Eastern Algarve For more information or to schedule a private viewing, Engel & Völkers Faro-Tavira is entirely at your disposal. Our team will be pleased to accompany you at every stage, helping you carry out your next real estate investment with confidence, security and success.