£415,589

(€333/sq. ft)

€490,000

Block of flats for sale
Olhão, Olhão, Portugal

    • 1,470 sq. ft

Just added
Added on 09/10/2026

About this property

    Old townhouse building | rehabilitation project

    In Olhão, a charming city in the Algarve's eastern region, this 2-storey building represents a concrete opportunity for those seeking a rehabilitation project with real potential.

    Townhouse building with approximately 170 m2, distributed across ground floor, 1st floor and rooftop, with garage, two rehabilitation options and various usage possibilities.
    Current configuration / proposal

    • Ground floor: Garage, bedroom and WC.
    • 1st floor: 2 bedrooms and WC, kitchen.
    • Rooftop: Bedroom en suite and leisure area.

    Option 1
    - 2-bedroom + studio | €660,000 with work completed

    • Ground floor (70 m2): Garage, bedroom and WC.
    • 1st floor (70 m2): Kitchen and open-plan living room, studio and WC.
    • Rooftop (30 m2): Bedroom en suite, laundry room and leisure area.
    • Space provided for platform/elevator.

    Option 2 - 1-bedroom + 2-bedroom | €650,000 with work completed
    • Two independent units with separate entrances.
    • Each unit features kitchen, living room, bedroom and WC.
    • Rooftop with bedroom en suite, WC, laundry room and leisure area.

    A versatile opportunity for personal residence or real estate investment, with two solutions for maximizing and enhancing the property's value.

    Olhão is a city with distinctive architectural character, known for its Moorish-influenced buildings and proximity to Ria Formosa, which adds particular interest to this type of property for real estate enhancement projects.

    Contact us for more information and project presentation.
    #ref: 1027140

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