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695 000 €
House T3 in Portimão, PortimãoPortimão, Faro
House T3 in Portimão with multimedia
117 m²
3 Bedrooms
3 WC
Energy efficiency
Your Alvor Retreat: One Property, Three Homes and Infinite Potential! Have you ever imagined living just minutes from the best beaches in the Algarve, while your property generates passive income for you? This 3 bedroom villa in Alvor, complemented by two independent annexes, is the perfect definition of quality of life combined with a smart investment. With stunning panoramic views over the iconic Ria de Alvor, this property has been strategically modernized and is ready for the next chapter. The Main House: Breathtaking Comfort and View The main house has been designed to balance traditional charm with modern comfort: - 3 Spacious Bedrooms: One of them has been recently remodeled, offering a contemporary touch. - Cozy Social Area: Cozy living room equipped with fireplace, perfect for the cooler winter days. - Functionality: Equipped kitchen, 2 bathrooms and storage area. - The Ex-Libris: A spectacular panoramic terrace with direct views of the Ria de Alvor. The ideal setting for your breakfast or toast at sunset. The Annexes: Multiply Your Investment The great added value of this property lies in its versatility. With independent entrances, these spaces are authentic profitability machines: - Annex 1 (Ready to Live): A fully renovated T1 apartment, with full kitchen, modern bathroom and a bedroom with fitted wardrobes. Ready for short or long term rental! - Annex 2 (Potential Valuation): A second T1 apartment (composed of living room, bedroom and office) waiting for your personal touch. A blank canvas to rehabilitate and double your return. Exterior and Modernized Infrastructure Forget the worries of deep structural works. Efficiency and Comfort: All windows and doors have recently been replaced with modern frames. Safety in the Future: The external water and electricity infrastructures have been fully modernized, already with pre-installations made for all areas. The exterior of the property has been completely renovated with a new roof, new ceilings, new flooring and new walls. The exterior of the property has been completely renovated with a new roof, new walls and new flooring. The exterior of the property has been completely renovated with a new roof. Lifestyle: A generous plot of land with fruit trees, private garage, storage rooms and a traditional wood-burning oven to create gastronomic memories with friends and family. Alvor: Where the Charm of the Village Meets Paradise Living in Alvor is embracing the authentic Algarve lifestyle. This former fishing village has managed to maintain its unique identity, combining picturesque alleys full of history with a vibrant gastronomic and leisure offer. The property benefits from the proximity to some of the most stunning and award-winning beaches in Europe: - Alvor Beach and Três Irmãos: Long golden sands as far as the eye can see, famous for their rock formations and wooden walkways that invite relaxing walks along the ria and the sea. - Prainha: Small romantic coves carved into the cliffs, ideal for those seeking privacy. Unique Return Potential in the Market If you are looking for a secure investment, the numbers speak for themselves. The location in Alvor guarantees a very high tourist demand throughout the year. You have three highly profitable business options: Living + Return: Live in the main house and rent the two annexes (either on an AL / holiday or annual rental basis). Total Investment: Rent the three fractions independently, maximizing the annual yield. Multigenerational Family: The ideal space to welcome the extended family, maintaining the total privacy of each one. Don't miss this rare opportunity. Properties with this versatility, modernization of infrastructures and view of the Ria de Alvor are scarce in the current market. Schedule your visit today and come and discover the true potential of this property!
Additional link:https://www.primehouse.pt/imovel/25979726