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Unique Opportunity | Old Town House with Approved Project – The Charm of a Traditional Portuguese Village Just Minutes from Praia da Luz and Lagos
In the heart of the picturesque village of Espiche, on Rua 25 de Abril, you will find this character-rich ruin — the perfect canvas for those dreaming of creating a charming countryside home with soul and authenticity, just minutes from the stunning beaches of Luz and Lagos.
Set in a truly peaceful environment, this property offers the ideal setting for anyone who values proximity to the coast while enjoying the tranquillity, simplicity, and community spirit of a traditional Portuguese village.
The property comprises:
• A two-storey house in a state of ruin, ready to be restored or completely rebuilt;
• A generous outdoor area, where a stable once stood — perfect for creating a garden, vegetable patch, or relaxing lounge area with a firepit, BBQ, and enjoy al fresco dining.
• A front plot located across the street, with excellent potential: from building a spacious garage to developing a single-storey second dwelling, ideal for generating rental income or resale.
With its generous dimensions and strong development potential, this is the type of property that, once renovated, can become a welcoming retreat with plenty of privacy, a garden, swimming pool and garage — a true oasis just minutes from the beach.
The property already has an approved project for a 2-bedroom villa with a central patio, swimming pool and garden, making the process quicker and easier for those wishing to start construction. There is also the possibility of detaching the front plot and developing two separate homes, further enhancing the investment’s profitability.
Whether your goal is to embrace a calmer lifestyle close to the coast, own a charming holiday retreat, or create a project with excellent financial return, this is a rare market opportunity .
Don´t hesitate getting in touch for more information or to book your viewing!
Set in a truly peaceful environment, this property offers the ideal setting for anyone who values proximity to the coast while enjoying the tranquillity, simplicity, and community spirit of a traditional Portuguese village.
The property comprises:
• A two-storey house in a state of ruin, ready to be restored or completely rebuilt;
• A generous outdoor area, where a stable once stood — perfect for creating a garden, vegetable patch, or relaxing lounge area with a firepit, BBQ, and enjoy al fresco dining.
• A front plot located across the street, with excellent potential: from building a spacious garage to developing a single-storey second dwelling, ideal for generating rental income or resale.
With its generous dimensions and strong development potential, this is the type of property that, once renovated, can become a welcoming retreat with plenty of privacy, a garden, swimming pool and garage — a true oasis just minutes from the beach.
The property already has an approved project for a 2-bedroom villa with a central patio, swimming pool and garden, making the process quicker and easier for those wishing to start construction. There is also the possibility of detaching the front plot and developing two separate homes, further enhancing the investment’s profitability.
Whether your goal is to embrace a calmer lifestyle close to the coast, own a charming holiday retreat, or create a project with excellent financial return, this is a rare market opportunity .
Don´t hesitate getting in touch for more information or to book your viewing!
Property Features
- Proximity: Beach, Golf course, Restaurants, City, Open field, Hospital, Public Transport, Schools
- Garden
- Built year: 1951
- Floors: 2
- Energetic certification: Exempt
