Building in Faro with 1 parking space

RARE OPPORTUNITY IN THE HEART OF FARO | ALTO RODES

Located in one of Faro’s most sought-after and rapidly appreciating neighborhoods, this property offers a truly unique opportunity to create your dream home or secure a highly attractive investment.

This house for renovation, situated in the prestigious Alto Rodes area, stands out thanks to a feature that is increasingly rare in today’s market: two independent entrances already registered with the tax authorities, providing exceptional flexibility for both residential and investment purposes.

The property comes with an project for a modern 3-bedroom villa (T3) with a garage, allowing you to move forward with confidence and save valuable time in the development process. An additional advantage is that the building’s structure has already been thoroughly inspected, enabling the preservation of the existing façade and walls, significantly reducing demolition costs and construction time.

The outdoor area adds even more value to this property, offering the perfect space to create a relaxing leisure area with a pergola, barbecue, and outdoor dining space—a highly desirable feature in such a central location.

Versatility is one of this property's greatest strengths. In addition to building a stunning family home, the existing layout and independent entrances create an excellent investment opportunity. The property can be developed into a studio apartment (T0) on the ground floor and a spacious 3-bedroom apartment (T3) on the upper floor, maximizing rental income potential.

Just minutes away from Faro’s iconic Old Town and Marina, the property enjoys a prime location with easy access to shops, restaurants, schools, services, public transport, and all the amenities needed for a comfortable and convenient lifestyle.

In a market where properties with these characteristics are becoming increasingly scarce, this is a standout opportunity, combining a prime location, approved development potential, and outstanding flexibility.

Whether you are looking to build an exceptional home or make a smart investment, this property offers the perfect foundation for a successful project.

Don't miss this rare opportunity. Contact me today and discover the full potential of this unique property in Alto Rodes, Faro.