Looking to invest in a property with solid rental options in Silves? You will need to consider the total investment of €600,000 for this newly built bi-family residence, which includes features perfectly suited for both personal enjoyment and rental income. With 4 bedrooms and 6 bathrooms, the property is ideal for multi-generational living or could serve as an excellent source of rental income due to its desirable location just 1km from the town centre.
Additionally, the property consists of a separate one-bedroom apartment and an open-plan studio, making it easy to house guests or tenants. The anticipated cost of finishing the interiors is around €80,000, allowing you to personalise your investment according to your tastes and preferences. With a large roof terrace that offers spectacular views over the Algarve countryside and Silves Castle, this property is not only a smart financial decision but also a place of beauty.
It’s important to note that rental properties in this area are highly sought after, particularly given Silves' charm and proximity to the beach at Carvoeiro (just 15km away). Furthermore, significant investment potential exists not only in rental returns but also in strong property appreciation. This is a rare opportunity for savvy investors looking to enter the Algarve property market. Don't hesitate to reach out for more information or to arrange a viewing!
• 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
