Building in Faro with 1 parking space

RARE OPPORTUNITY IN THE HEART OF FARO | ALTO RODES

Located in the heart of Faro, in one of the city's most sought-after neighbourhoods with outstanding appreciation potential, this is a truly unique opportunity to build your dream home or secure a solid and distinctive investment.

Situated in the prestigious Alto Rodes area, this property for renovation stands out thanks to a feature that is becoming increasingly rare on the market: two independent entrances, already officially registered, offering exceptional flexibility for a primary residence, an investment, or a combination of both.

The property already benefits an project for a contemporary three-bedroom villa with a garage, allowing you to move forward with the construction process more quickly. Alternatively, you may adapt the existing plans or create a bespoke project tailored to your own vision, taking full advantage of the property's versatility. Another significant advantage is that the structure has been carefully inspected, making it possible to retain the existing façade and walls. This represents considerable savings in both construction costs and project timelines when compared to a complete demolition.

Outside, there is ample space to create a delightful leisure area where you can enjoy the Algarve lifestyle. Imagine a private outdoor retreat featuring a pergola, barbecue and comfortable entertaining area—an increasingly valuable asset in such a central location. Versatility is undoubtedly one of this property's greatest strengths. In addition to creating a superb single-family home, its current configuration also lends itself to an attractive investment opportunity, with the possibility of developing a studio apartment on the ground floor and a three-bedroom residence on the upper floor, maximising rental income and long-term returns.

Just a few minutes from Faro's charming Old Town and Marina, the property enjoys a prime location with easy access to restaurants, shops, schools, essential services, public transport and every convenience required for a comfortable urban lifestyle. In a market where properties with these characteristics are becoming increasingly scarce, this is an outstanding opportunity combining a premium location, excellent capital appreciation potential and exceptional development flexibility.

If you are looking for an exclusive project in the centre of Faro that combines quality of life, long-term value and excellent investment potential, this could be exactly the opportunity you have been waiting for.

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