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How can I invest in a bi-family residence near Silves town centre?

Townhouse in Silves

ref. LG1997
4.851.824DKK 4.478.606DKK
  • NA
  • 4
  • 6
  • 303m2
  • 212m2
  • Modern Construction

Investing in this bi-family residence near Silves town centre offers a rare opportunity for buyers seeking a unique property. Currently available for €600,000, this newly built townhouse can accommodate two or even three generations, featuring diverse living options including a separate apartment and a studio. The layout includes four bathrooms and multiple entrances, promoting privacy for all occupants. Located just a short walk from local amenities and the historic heart of Silves, this property not only provides convenience but also an enriching lifestyle surrounded by beautiful countryside views and medieval architecture. The area is perfect for families, retirees, or anyone looking for a potential rental investment. Expect substantial return rates thanks to the high rental demand in this desirable location. Moreover, the unfinished details allow new owners to personalise it to their taste. Explore this exceptional opportunity—get in touch today to schedule a tour!

Usage
Residential
Type
Townhouse
Town
Silves
Parish
Silves
Municipality
Silves, Faro
Region
Algarve (West)
Construction Year
1951
Renovation Year
2019
Rooms
9
Bedrooms
4
Bathrooms
6
Floors
2
Living Area
303 m²
Usable area
303 m²
Plot Area
212 m²
Tarmac, Easy Access
Parking outdoors
Lounge/Dining
Balcony/Terrace, Roof Terrace
Open Plan, Modern
Storage, Laundry, Office/Study
Fitted Wardrobe
4 En-Suites, 2 Family Bathrooms
Pre-Installed AC, Pre-Installation for Fireplace
Solar (Water)
Double glazing
Courtyard
Panoramic View, Countryside View, Castle View
Modern Construction
• Living area 75m2 and 228m² Construction 303m²
• Year of construction 2019 onwards
• House on two floors 3 bedrooms 4 bathrooms
• Apartment 1 bedroom 1 bathroom
• Studio open plan with bathroom
• Double glazing
• Huge roof terrace
• Laundry room
• Walled and gated
• 15km to beach at Carvoeiro

This build is almost complete, it is pre-installed for air conditioning and wood or pellet burner. The kitchens and bathrooms are plumbed, and electricity is installed. On the huge roof terrace there is pre installation for solar panels and even provision for a swimming pool. The bedrooms have dedicated wardrobe areas. It has been well thought out to be used as a two or three generation home or a home with guest rental options.

The finishing has been quoted at just under €80.000 by a constructor who is ready to work with a new owner.

Ground floor
• Entrance door to courtyard
• Right side front door to large open plan living and kitchen area
• Large family bathroom
• Office/study or spare bedroom
• Stairway to bedrooms (to be installed)
• Terrace doors to small inner courtyard
• Left side front door to apartment with open plan living and kitchen area
• Bedroom
• Large bathroom
• Office/study or second bedroom
• Terrace doors to inner courtyard
• Exterior stairway to first floor

First floor
• Three bedrooms with en-suite, one with walk in dressing area.
- All with access to terrace and stairs to roof terrace
• Laundry room
• Studio plumbed for kitchen and bathroom with the idea to put a mezzanine bedroom

Amenities

• Mains electricity, water, and sewage
• Fibre optic internet in the area

Location

1km to Silves centre with all amenities
15km to beach at Carvoeiro
8km to Silves golf course
63km to Faro airport
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