House T3 for sale in Faro

House T3 in Faro with virtual tour

Faro (Sé e São Pedro)

240 000 €

Buy
id. 123561012-536

125 m²

3

3

NC

Description

EXCELLENT REDEVELOPMENT OPPORTUNITY IN CENTRAL FAROPotential for a 3-Bedroom, 3-Storey Townhouse

Excellent investment opportunity in the heart of Faro, in a central and highly sought-after location, just a short walk from the city's historic centre and the iconic Largo do Carmo.

This property consists of an old building that has already been demolished, with two street frontages, offering excellent potential for the development of a new residential project.

The previously developed project envisaged a 3-bedroom townhouse distributed over three floors, providing an interesting opportunity to create a contemporary home in one of Faro's most established and sought-after areas.🏡 KEY FEATURES

  • 📍 Central location in Faro;
  • 🏗️ Existing old structure already demolished;
  • 🏠 Potential for a 3-bedroom, 3-storey townhouse, based on the previously approved project;
  • ↔️ Two frontages, a particularly valuable feature in a central urban location;
  • 📍 Walking distance to Faro city centre;
  • ⛪ Close to the iconic Largo do Carmo;
  • Excellent opportunity for private residence or investment;
  • Strong potential for value appreciation due to its location and redevelopment potential.📐 PREVIOUSLY APPROVED PROJECT

The 3D images shown in the listing, together with the areas and property layout, relate to a project that was previously approved and are provided solely to illustrate a potential development solution.

The project should not be considered currently approved. The buyer should confirm the property's current planning and development status with Faro City Council, including the possibility of resubmitting, modifying or developing a new project.⚠️ SOLD IN ITS CURRENT CONDITION

The property is sold in its current condition, with the original building already demolished.

Any future construction will be subject to the applicable planning regulations, the required legal procedures and approval by the relevant authorities.📈 AN EXCITING OPPORTUNITY IN THE HEART OF FARO

The combination of its central location, two frontages and residential redevelopment potential makes this property particularly attractive to investors and private buyers looking for a redevelopment opportunity in a high-demand area.

An opportunity to create a contemporary home in the heart of Faro, just moments from the historic city centre and the iconic Largo do Carmo. 

Details

Private Gross Area m²125
Gross Area m²- -
Total Lot Size m²58
Living Area m²125
Bedrooms3
Construction Year1951
Floor- -
WC/Bathrooms3
ElevatorNo
ParkingNo
Electric Cars ChargingNo

Energetic details

Energy efficiency

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Map

Rooms

Bathroom
Hallway
Kitchen
Bedroom
Children's Room
Living Room/Dining Room
Ensuite
Terrace
Credit Simulation
Listing Price
240 000 €
Monthly Payment (*)
0 €

(*) The monthly installment indicated corresponds to a reference value, based on a variable rate (6-month Euribor), not dispensing with a more complete and detailed financial analysis! The information resulting from these simulations is merely indicative, with the purpose of providing guidance on the estimated cost, according to the data indicated by the user. Each financial entity has its own policies and financing conditions, and are not bound by the results of this simulation.