We present you this old house with vaulted ceilings, full of character and authenticity, located in the center of Olhão, just 5 minutes walk from the iconic markets and the best restaurants in the Algarve region. With a great total area of 162sqm in need of renovations, this house offers you a blank canvas to customize and transform to your liking, having 110sqm of covered area, this property also offers a spacious patio of 52sqm, perfect for creating your own outdoor space, ideal for dining, socializing or simply relaxing. This house received a positive opinion from the City Hall regarding the possibility of expanding it to up to 2 more floors, with the last one having to be set back, which represents an excellent opportunity for appreciation. Prime location: 5 minutes walk from traditional shops, typical Olhão markets and the marina. Near the boarding pier for the paradisiacal islands of Armona, Culatra and Farol Just 5 minutes from the best restaurants in the Algarve. If you are looking for authenticity, location and potential, this is the ideal opportunity to invest in a property with an Algarve soul and great room for appreciation.