Algarve, Ruin for sale with approved project for contemporary townhouse in Ferragudo village
A unique investment opportunity, available for sale in the heart of Ferragudo, located just a short walk (5 min.) from the beach and amenities, this Ruin with an approved project for a contemporary 2 storey semidetached villa of 134m2 of construction area, consisting of 2 bedrooms, 1 bathroom, open plan lounge & kitchen and terrace/patio with stunning views over the River Arade, Portimão and Monchique mountains. Easily accessible by foot or car.
This is an excellent opportunity to purchase a unique RUIN with an approved project located in the historical centre of the beautiful village of Ferragudo, within walking distance (5min.) to all amenities and beaches. With a fantastic location in one of the highest points of Ferragudo, it offers breathtaking panoramic views over the charming fishermen´s village, the Arade river, the city and Marina of Portimão, as well as the Monchique mountains.
The project was designed by an award-winning architecture firm and took into account its location on one of the highest points in the village, albeit easily accessible on foot or by car, and make the most of the stunning views.
The house was designed to maximize the existing space and bring it to life, taking advantage of its sun exposure and natural light.
The approved project foresees the construction of a contemporary and very functional semi-detached house with good ceiling height. The house is divided into 2 floors with a total construction area of 134m2 (entrance floor with 58m2 + 18m2 of patio and lower floor with 58m2).
The main entrance is at street level and opens directly onto the patio / terrace, which offers magnificent panoramic views. This patio/terrace leads through the glass windows into the open space living room and kitchen.
Taking the advantage of its high ceilings and to provide plenty of natural light, two Velux roof windows were foreseen, as well as three more windows with a breathtaking view of the river, the city of Portimão and the mountains of Monchique, the perfect picture to enjoy from the interior of your home.
The lower floor comprises of 2 bedrooms with fitted wardrobes and 1 bathroom, all with windows that provide natural light and air circulation.
Due to its location and potential, this project is an excellent investment opportunity, either as a permanent home or a holiday home.
Located on the western Algarve, Ferragudo is one of the Algarve’s most typical traditional fishing villages. Located on the banks of the River Arade, the village offers spectacular views across the river to Praia da Rocha, Portimão and upriver towards Monchique.
Gramacho & Vale de Pinta golf courses, Carvoeiro Tennis & Fitness Center, local schools as well as the Nobel School of the Algarve and the German School are all a 5 to 10 minute drive (4.5Km),
Faro airport is a 50-minute drive away.
The best way to explore the village is on foot as its charm resides in the labyrinth of cobbled streets that run around the central square, down to the waterfront and uphill to the church. In the square you can find plenty of cafés and restaurants which are ideal for a relaxing drink or meal while watching the comings and goings of the village. Follow the waterfront down to the fishing pier and you may see the fishing boats unloading their catch of the day.
Contact us for further information and to schedule a visit. Virtual viewings also available, just get in touch with us.