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Why should I invest in a property near Silves with potential rental options?

Townhouse in Silves

ref. LG1997
650.000€ 600.000€
  • NA
  • 4
  • 6
  • 303m2
  • 212m2
  • Modern Construction

Investing in this property near Silves presents a unique opportunity with fantastic rental potential. With 4 bedrooms, 6 bathrooms, and the ability to accommodate 2-3 generations, this versatile townhouse is ideal for creating a solid income stream. Located just 1km from the town centre and only 15km from beautiful beaches, it's strategically positioned to attract both long-term tenants and holidaymakers. Given the nearby Silves golf course and stunning countryside views, demand for rental accommodation in this area is consistently high. The property is almost complete, with finishing costs estimated at €80,000, allowing new owners to personalise it while enhancing its market value. Modern construction standards, energy efficiencies including pre-installed air conditioning, and a potential swimming pool all contribute to its desirability. Whether you're looking for a lucrative investment or a perfect family home, this property should not be overlooked. Invest wisely—contact us today to learn more about this exciting opportunity!

Usage
Residential
Type
Townhouse
Town
Silves
Parish
Silves
Municipality
Silves, Faro
Region
Algarve (West)
Construction Year
1951
Renovation Year
2019
Rooms
9
Bedrooms
4
Bathrooms
6
Floors
2
Living Area
303 m²
Usable area
303 m²
Plot Area
212 m²
Tarmac, Easy Access
Parking outdoors
Lounge/Dining
Balcony/Terrace, Roof Terrace
Open Plan, Modern
Storage, Laundry, Office/Study
Fitted Wardrobe
4 En-Suites, 2 Family Bathrooms
Pre-Installed AC, Pre-Installation for Fireplace
Solar (Water)
Double glazing
Courtyard
Panoramic View, Countryside View, Castle View
Modern Construction
• 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
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