Approved Project In A Fabulous Location With Spectacular River Views

This is an exceptional opportunity to acquire a plot with existing ruin and council approved project to create your dream home in a prime location.  In the heart of the highly sought after fishing village of Ferragudo, just one row back from the small harbour inlet and steps from the hill-top church, it boasts spectacular views overlooking the river and stretching out towards the sea, and is bursting with potential.

This approved project offers the perfect blank canvas to finish a home that reflects your own style, taste, and lifestyle allowing you the opportunity to choose your own finishes and personal touches to create a truly bespoke home.

The proposed property will feature an open-plan living space on the ground entrance level with a terrace to the front overlooking the cobbled street and a terrace with steps down to the swimming pool in the back garden perfect for alfresco dining and seamless entertaining. The kitchen will have a walk in storage cupboard and there is a separate guest toilet on this level. Stairs lead down to the lower level to the three spacious bedrooms, one of which is en-suite and there is a separate shared bathroom.  From the hallway there will be access to a partially covered terrace. From the exterior of the ground level stairs lead up to a roof terrace with plunge pool offering enviable views overlooking the River Arade across to Portimão and to the Monchique Mountains in the distance - a perfect place to relax and watch the world go by.

Building costs are not included in the price.  Current estimates to build are €2,000 - €2,500 per m² . Given that this is a new build it should achieve an A energy rating or higher.

It is just a short walk through pretty cobblestone streets to the harbour filled with fishing boats and the promenade with a large variety of restaurants, coffee shops and bars. The river taxi is available to take you across the water to the marina at Portimão and Praia da Rocha with its beaches and entertainment. A few minutes walk in the other direction will take you to the beautiful castle and sandy beach (Praia Grande) with more restaurants and water activities.

With its uninterrupted, spectacular outlook, this is a unique opportunity to build a beautiful home or a lucrative rental property in a truly special setting in the heart of this charming village. Ferragudo with its cobbled streets has many excellent restaurants and cafes, a lively water front and expansive Praia Grande beach.  For additional shopping the towns of Portimão and Lagoa are just a 5 minute drive away. Gramacho golf course is 5 minutes away and Faro airport is just a 40 minute drive.