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What investment opportunities exist for a farmhouse in the Algarve region?

Villa in Silves

ref. LG2289
10.033.228CNY
  • E
  • 3
  • 2
  • 142m2
  • 287.280m2
  • Farm

Investing in this farmhouse in the Algarve region opens up a wealth of opportunities for both personal enjoyment and robust financial returns. The property features a substantial 28.7 hectares of land, which includes a charming 3-bedroom, 2-bathroom farmhouse nestled in rolling hills near Silves. The uniqueness of this investment lies in the pre-approved rural tourism project, permitting development of a new tourism-focused building up to 2,000m².

With a total plot area that currently supports a functioning fruit farm comprising 12,000 medronho trees, the potential for agricultural income is significant. Ideal for those aspiring to enter the tourism sector, this property could easily attract visitors interested in rural getaways, thus enhancing rental income potential. Furthermore, a well-maintained auto-drip irrigation system ensures that the land remains fertile and productive.

Investors will also appreciate the scenic 360-degree views that the property offers, presenting an idyllic backdrop for a tourism venture. With nearby amenities such as beaches just 17 km away and Silves town only 2.8 km from the estate, this location strikes a perfect balance between rural charm and accessibility. Given these factors, the potential ROI is promising for a savvy investor looking to capitalize on the growing demand for rural tourism in the Algarve. Seize this opportunity today by contacting us for more information!

Usage
Residential
Type
Villa
Town
Silves
Parish
Silves
Municipality
Silves, Faro
Region
Algarve (West)
Construction Year
1951
Rooms
4
Bedrooms
3
Bathrooms
2
Floors
1
Living Area
142 m²
Usable area
188 m²
Plot Area
287.280 m²
Country Road
Carport, Parking outdoors
Lounge/Dining
Fully Fitted, Rustic
Storage
1 Family Bathroom, 1 En-Suite
Internet/Phone
Mains electric, Septic tank, Gas Bottle, well, 2 Boreholes
Single Glazing
Auto irrigation, Landscaped, Natural
2 Lakes, River, Water tank, Orchard
Countryside View, Panoramic View
• 3 Bedrooms, 2 Bathrooms
• Living area 142m², Construction area 188m²
• Total Plot area 287,280m²
• Applied Project for hotel up to 2000m²
• 12.000 Medronho trees
• Close to Silves
• 360º country views
• Distance from beach 17km

Located within the rolling hills of the Serra de Silves, close to the medieval town of Silves - you will find this impressive estate. The big plot has the pre-approval for a project in Rural Tourism which would replace the current house, if desired to a construction area of up to 2,000m². The summit of the estate offers 360º panoramic views. The plot has its own water supply and irrigation system featuring several terraces, medronho, pine and other fruit trees which will be ideal for agricultural or rural tourism.

House for Renovation
• 3 bedrooms, 2 bathrooms
• Pre-51 habitable country house
• Pre-approved project for hotel to replace the house with allowed 2000m²
• Next to Serra de Silves Natural Park
• Fenced garden

Exterior:
• Two natural lakes that supply water for the orchards
• River that supplies water for the garden and trees
• 12.000 medronho trees
• Carport and gravelled drive with spaces for several cars
• Pre-approval for a pool and a natural swimming lake



Amenities

• 2 boreholes and a well
• Autodrip irrigation system with 32km of pipes and own water supply
• Septic tank
• Mains electricity
• Possible to connect to mains water

Location

Location
• 17km to the nearest beach
• 9km to golf
• 2.8km to nearest school
• 63km to Faro Airport
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