When it comes to investing in newly built homes in the Algarve region, this private gated residence in Silves stands out as one of the best options available. Priced at €600,000, it offers a unique opportunity for buyers looking to invest wisely. The property features T3+1 and T1+1 apartments, providing ample space and flexibility, ideal for large families or potential rental schemes. The modern design, completed in 2019, ensures low maintenance and energy efficiency, key considerations for savvy investors. Additionally, with the layout accommodating multiple generations or guest rentals, this residence could offer significant rental income, especially given the proximity to popular tourist destinations like the beach at Carvoeiro, which is just 15km away. The expansive roof terrace provides a stunning setting to enjoy the views, enhancing the property’s appeal for both landlords and tenants. Set in a peaceful area that’s also just 1km from Silves town centre, you benefit from local amenities while still enjoying tranquillity. With construction nearly complete, there's an attractive investment proposition, especially with potential finishing costs quoted below €80,000 by a reputable contractor. Don’t miss this chance to secure a top-tier investment property in the Algarve. Contact us now for more details!
• 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
