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What are the options for investing in a multi-generational home in Silves?

Townhouse in Silves

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

Investing in a multi-generational home in Silves presents an exciting opportunity for thoughtful buyers looking for both space and versatility. This bi-family residence accommodates multiple generations comfortably, boasting four bedrooms and a T1+1 apartment within its generous 303m2 layout. Perfect for families wishing to maintain close connections, it allows privacy and independence within the same property.

Located within a peaceful area just 1km from Silves centre, this property features stunning rural views and is only 15km from fantastic beaches. The cleverly designed layout includes spacious living areas, multiple bathrooms, and a sizable roof terrace ideally suited for gatherings and outdoor enjoyment.

The price of €600,000 ensures investment potential not only for family living but also for future rental options, turning this home into a lucrative asset. The finishing work, estimated at under €80,000, presents an additional layer of opportunity for personalisation, appealing to those wanting to create their ideal living environment.

Opportunities like this are rare in the Algarve, especially for homes designed with multi-generational living in mind. With solid construction quality and prep work already done—such as plumbing and wiring—this property is almost ready for your finishing touches. Don’t miss the chance to invest wisely in your family’s future. Contact us today for more information or to arrange a viewing!

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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