Situated in the heart of Albufeiras historic Old Town, this rare redevelopment opportunity will transform an existing property into a contemporary, energy-efficient home with beautiful sea views. Designed as a complete transformation, the project combines a three-bedroom villa with an independent one-bedroom apartment, each with its own entrance, and is planned to achieve an A energy rating.

The separate one bedroom apartment is designed to offer complete independence, with an open-plan kitchen and living area, a bedroom and a separate bathroom. Access to a shared terrace and outdoor lounge creates an inviting space for relaxed al fresco living, making the apartment ideal for guests, extended family or potential rental income.

The main villa is accessed through the entrance on the right-hand side of the façade. The proposed ground-floor layout includes two bedrooms and a separate bathroom, while stairs lead down to a basement with potential for a games room or additional lounge.
On the first floor, the plans provide for a spacious open-plan kitchen, dining and living area, alongside a third bedroom and a separate bathroom. The living area opens onto a balcony and enjoys beautiful sea views, making it a particular highlight of the property. A rooftop terrace offers further outdoor space to relax and take in the coastal outlook.

Combining contemporary architecture, high energy-efficiency standards and a prime historic centre location, this project presents a particularly rare opportunity to create a modern property in Albufeiras atmospheric Old Town.

Prospective buyers have the flexibility to acquire the property in its current state and take on the completion of the project, or purchase it once the redevelopment has been completed by the current owners and builder.

At Cerro Novo, we pride ourselves on helping clients find properties that match their lifestyle and goals. With over 45 years of experience in the Algarve property market, our team provides professional guidance, local market knowledge and personalised support throughout the buying process. - REF: CN10818