160.000 €
1 Zimmer
Grundfläsche 145 m²
Nestled in the centre of the charming and authentic village of Espiche, this property presents a rare and exciting opportunity for forward-thinking investors. Already stripped back to bare walls, it is ready for either a cost-effective renovation or the realization of a stunning, fully approved architectural project for a contemporary 2-bedroom, 2-bathroom villa spanning 136m² across three levels. Two Investment Routes with High ROI Potential: . Refurbishment of Existing Structures: . Make use of the current footprint (51 m² main ruin + 16 m² annex) to create a delightful 1-bedroom cottage with garden, plus a versatile outbuilding ideal for use as a BBQ area, laundry or studio. Brand New Construction - Project Approved: . The fully licensed project includes: . A bright and spacious open-plan living/dining/kitchen area with high ceilings and direct access to generous terraces . Two bedrooms, including a stunning master suite with a private balcony . A rooftop terrace with a plunge pool, sun deck and landscaped planting . Private off-road parking . Underfloor heating in all main rooms, solar panels for hot water, and air conditioning throughout . Integrated garden irrigation system Set on a gentle slope, the property benefits from two levels of garden space, ideal for leisure areas or outdoor dining. The south-facing orientation ensures all-day sun, while the natural topography makes it easy to blend a small above-ground pool into the landscape. Both street-level access to the upper house and a separate gate to the garden provide practical entry points. Located in the heart of Espiche, within easy walking distance to cafés, restaurants, a local market, primary school and skate park Just 3 minutes by car from Praia da Luz and 5 minutes from the bustling town of Lagos, one of the Algarve’s most sought-after destinations Situated in an up-and-coming area, ideal for short-term rentals, holiday lets or future resale at a premium. Key Highlights for Investors . Architectural project fully approved - save time and reduce development risk . High potential for tourist rental income or luxury resale . Strategic location in a fast-appreciating market . Low-risk investment with strong upside potential This is a opportunity to tap into the Algarve’s thriving real estate market, with everything in place to move forward. Get in touch for detailed plans, financial projections, or to schedule a viewing. Excluded from the SCE, under the terms of paragraph f) of article 4 of Decree-Law no. 118/2013, of 20 August, in its current wording. #ref:CP-R2503
