Property details
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District
Faro (Algarve) -
County
Lagos -
Locality
São Gonçalo de Lagos
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Area
37 m²
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Price
110.000 € -
Energy Rating
ND
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Property code
A2134B
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Description
Property with Potential for Conversion into a Studio Apartment in the Historic Centre of Lagos
Located on the third and top floor of a building in the heart of Lagos' historic centre, this property represents an excellent opportunity for those seeking a renovation project with strong potential for value appreciation.
The property benefits from an approved Prior Information Request (PIP) for a change of use, allowing its conversion into a studio apartment (T0) comprising an open-plan living and sleeping area, kitchen, bathroom, and balcony.
Requiring refurbishment throughout, it offers the opportunity to create a modern, comfortable, and functional home tailored to today's market. Whether as a permanent residence, holiday home, or investment property, it offers excellent potential for capital growth and rental income.
Its prime location, just a short walk from Lagos' iconic beaches, the marina, restaurants, cafés, shops, and all essential amenities, makes this property particularly attractive for both short-term holiday rentals and long-term letting.
The building does not have a lift.
Faro International Airport is approximately one hour away, with easy access via the A22 motorway.
REF.: A2134B
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