Are you exploring investment opportunities for multi-family homes in the Algarve region? This exclusive property in Silves costs €600,000 and offers exciting potential for investors looking to generate rental income. Comprising a versatile design with features that support both family living and separate rental units, this newly built gated residence presents a valuable investment opportunity.
The townhouse includes a main dwelling with 3 bedrooms and an additional 1-bedroom apartment, plus a studio, providing multiple income possibilities. Ideal for multi-generational families or as a holiday rental, the property is equipped with modern amenities, including pre-installed air conditioning and energy-efficient features.
Lying just 1km away from Silves town centre and a short drive to the beautiful beaches of Carvoeiro (15km away), this location holds strong rental demand, ensuring consistency in cash flow. With space for outdoor relaxation and entertainment, highlighted by a large roof terrace with panoramic views, this property appeals to a range of tenants.
The estimated cost for finishing touches is below €80,000, allowing investors to customise the property according to their taste or the market demand. Given the charm of the Algarve and the rich lifestyle it offers, properties like this hold excellent potential for both appreciation and return on investment.
Don’t miss out on this opportunity – contact us now to find out more about investing in this exceptional property!
• 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
