The cost of this newly built bi-family residence near Silves is just €600,000, making it an excellent investment opportunity for buyers looking to capitalise on rental potential. This spacious property includes a 3-bedroom townhouse with 4 bathrooms and an additional 1-bedroom apartment, perfect for accommodating guests or generating rental income. With a total area of 303 m², this residence is designed to cater to multi-generational living, allowing for privacy and shared common spaces. Located only 1 km from Silves' vibrant town centre, it offers a mix of rural tranquillity and urban convenience. Nearby attractions include scenic golf courses and beautiful beaches, just a short drive away. The unique design includes a massive roof terrace, where you can enjoy the panoramic views of the surrounding countryside and historic Silves castle. The property is fully equipped with essential utilities and pre-installed features for heating and cooling, ensuring comfort year-round. With an investment in this property, you could see a significant return due to the flourishing rental market in the Algarve region. Explore your opportunities today—schedule a visit and see the potential for yourself!
• 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
