Stone house with views over the Mondego River | Penacova, Central Portugal Situated in the village of Penacova, on a hillside overlooking the Mondego River, this stone house offers panoramic views across one of central Portugal's most scenic river valleys — and a genuine opportunity to create something distinctive through careful renovation. Location In the heart of Penacova village, 20 km from Coimbra (a UNESCO World Heritage city) 2 minutes' walk from Cota d'Azenha, one of the region's best-known riverside restaurants Direct access to riverside walking trails The Property A traditional stone-built property spread across two floors, fully connected to mains water, electricity and sewerage. The rear section has a recently replaced roof. The layout offers good spatial proportions for remodelling, with larger rooms well suited for an open-plan living area or bedrooms with ensuite bathrooms, depending on the buyer's preferences. Ground Floor Entrance hall (3 m × 2.4 m) Bathroom (2.2 m × 1 m) Room with stone walls (5.6 m × 4.2 m) — with good proportions to be converted into a suite First Floor Covered terrace (3.3 m × 2.6 m) accessed via a stone staircase, with river views Room currently used as kitchen (3.3 m × 2.6 m) — suitable for conversion into a bathroom Open-plan living area (7.2 m × 3.8 m) with two windows facing the river — ideal for a kitchen/living/dining layout Rear bedroom (5.4 m × 3.6 m) — suitable for a master suite Adjacent bedroom on the lower floor (3.7 m × 2.3 m) with independent street access Renovation and Investment The property is suitable both as a primary residence and for short-term rental investment. A neighbouring property already operates successfully as holiday accommodation, and Penacova itself is attracting significant investment — including a new four-star spa hotel and a school project worth 7 million euros — demonstrating growing confidence in the area.