A large imposing detached villa in Ferragudo, overlooking the river and the Portimão skyline, in need of some renovation.
Built in the late 1990's, this house, which was the subject of a repossession order, combines style and space at a very competitive price.
The building is in excellent structural order but lack of maintenance has taken its toll cosmetically, the worst problem being hairline cracking in the outer rendering on the staircase tower, which is just a matter of regular maintenance repair and painting.
The house is surrounded by some very prestigious properties, in keeping with its own style, and should easily, once renovated, have a market value close to 1 million Euros.
It is estimated that renovations should cost around 75 - 100,000 Euros.
The property comprises:
Ground floor: Large garage, laundry room, bedroom, bathroom, office/ storeroom, games room/ cinema opening onto swimming pool and terrace, stairs to:
1st floor: Entrance hall, extremely spacious lounge, kitchen (opening onto a terrace), two bedrooms with ensuite bathrooms dressing areas, terraces, stairs to:
2nd floor: Master suite with walk-in dressing room and bathroom with circular spa bath and separate toilet.
Outside is a compact garden surrounding the house, with a swimming pool which, although currently in need of cleaning, is in good order with all the machinery working perfectly
Price: 650,000 euros (£ 570,000 approx.,) negotiable