Olhão, Faro 8700

For sale, traditional town house in need of complete renovation, located in the town of Olho, in a very pleasant and quiet street, Rua Joaquim Ribeiro, 5 minutes from the Baixa.Work on the property had been initiated by the previous owners, but was interrupted. Since then, a new project to renovate and extend the house with 132.06 m2 of living space on two levels, and almost 113 m2 of outside space has been drawn up by the architectural Saudade Architecture & Interiors Studio and submitted to Olho town council for approval in early February 2025.It provides for :- Level 0: a bedroom, a bathroom, a service toilet, a living space including a kitchen and storeroom/laundry, open onto the living/dining room with large bay windows overlooking a 23 m2 patio with a pool. The patio has a second entrance door at the end of an exterior corridor measuring 26 m2, which is practical for accessing the property, particularly for unloading shopping, without having to cross the house to the kitchen. There is also a utility room and storage space.- Level 1: two bedrooms with their 8 m2 terrace and a large shared bathroom, - Level 2: a vast roof top and covered summer kitchen.The staircases to the different levels are all internal.There is plenty of storage space on all levels.This price does not include the cost of the work.If you're looking for a typical house to renovate, with 3 bedrooms, a patio with swimming pool, a large rooftop and summer kitchen, in a quiet location just 5 minutes from the historic centre, then this is the house for you. Don't wait any longer to come and discover this opportunity. Energy Rating: D ref:PALC 158