Compact Renovation Project- An Ideal Entry Into the Portuguese Property Market A rare opportunity to put your personal stamp on a charming Portuguese home, perfectly positioned for both lifestyle and investment. Whether you're seeking a stylish lock-up-and-leave retreat, a sun-soaked bolt hole, or a compact permanent residence tailored entirely to your taste — this property delivers the canvas. A Location That Has It All Set within easy walking distance of the picturesque riverside town of Penacova, you'll enjoy immediate access to all local amenities, cafés, and the stunning Rio Mondego. The UNESCO World Heritage city of Coimbra — with its world-renowned university, vibrant culture, and excellent services — is just over 20 minutes away, while Porto International Airport is comfortably within 90 minutes, making this an effortlessly connected retreat. Infrastructure Already in Place The hard work has already begun. The property benefits from mains electricity, mains drainage, and requires only a simple connection to the mains water supply. Fast fibre broadband is available, and several neighbouring properties have already undergone full renovations — a clear sign that this pocket of Portugal is already on the move. Flexible Accommodation — Ground Floor Room Dimensions Lounge5.1m × 2.7m Kitchen / Diner / WC4.0m × 5.0m (with chimney & fireplace) Bedroom3.2m × 3.0m Small Bedroom2.9m × 2.0m Basement (accessed via a shared courtyard with potential for outdoor space) Room Dimensions Adega5.4m × 4.9m Storage Room3.5m × 2.3m Three Clear Renovation Pathways What makes this property particularly exciting is how straightforwardly it can be transformed. The internal walls between the lounge, bedroom, and small bedroom are non-structural, opening up three natural routes forward: The Modern One-Bedroom Home — Open the ground floor into a generous open-plan kitchen/dining/living space of 5.7m × 5.2m, while converting the existing kitchen/diner into a master bedroom with en-suite bathroom. The result: a sleek, contemporary compact home ready for modern living. The Expanded Two-Level Retreat — Install an internal staircase to unlock the substantial basement adega (5.4m × 4.9m), creating additional living accommodation with direct access to the courtyard — perfect as a second bedroom, studio, or entertainment space. The Investment Bolt Hole — Keep the scope tight, renovate smartly, and create a highly lettable, low-maintenance property in one of Central Portugal's most scenic and accessible locations. The Bottom Line This is a small-scale renovation with big potential — straightforward in scope, dynamic in outcome. With the bones already there and a neighbourhood already transforming around it, the only question is what you want to create.