Charming House with Approved Reconstruction Project in Tavira Historic Centre

In the heart of Tavira’s historic centre, you will find this single-storey house with a reconstruction project approved by Tavira Town Council, an excellent opportunity for those looking to invest in one of the most authentic and sought-after areas of the Algarve. Located within an ARU area (Urban Rehabilitation Area), this property may benefit from relevant tax advantages associated with urban rehabilitation, namely reduced VAT at 6% on the works, exemption from IMT on the purchase, and exemption from IMI after rehabilitation, subject to confirmation and the applicable legal framework. The approved project provides for a single-storey one-bedroom home, with a gross construction area of 70.66 sqm, set on a plot of 88.50 sqm. The house will comprise an open-plan living room and kitchen, bedroom, bathroom and circulation area, offering a practical, comfortable and functional layout. One of the main highlights is the outdoor patio, an increasingly rare feature in Tavira’s historic centre. This space allows for the creation of a pleasant outdoor dining area, leisure area or small private garden, adding value and quality of life to the property. The reconstruction work is already under way, giving the future owner greater flexibility. The property can be purchased in its current condition, while still allowing the possibility to choose materials and finishes, or the buyer may choose to complete the works with another contractor of their choice. The location is one of the strongest features of this property. Situated in Tavira’s historic centre, it allows you to live just a few steps from shops, restaurants, services, pedestrian areas and the departure quay for Tavira’s islands and beaches. In around 5 minutes on foot, you can reach the boat that provides access to some of the most beautiful beaches in the Algarve. Due to its location, approved project, potential for capital appreciation and benefits associated with urban rehabilitation, this house represents a rare opportunity for permanent residence, a holiday home, rental investment or resale after completion of the works. A property with enormous potential in the centre of Tavira, ideal for those looking for charm, location and future value growth.