Townhouse for sale in Silves

A contemporary two bedroom townhouse for sale in Silves, situated within a private condominium just five kilometres from the beautiful city of Lagoa and its stunning beach.

Currently under construction, this townhouse will be spread across two floors with the ground floor comprising a spacious open plan living room and dining area with a fully fitted kitchen just off to the side. The kitchen will be equipped with top of the range appliances and will provide a fantastic space if you love to whip up a home cooked meal.

On the lower level there will also be a guest bathroom for whenever friends and family come to visit.

Upstairs, there will be two bedrooms, both equipped with their own en-suite bathrooms for convenience along with fitted wardrobes and direct access to the private terraces.

The golf course this property is situated on is for players with low handicaps potentially finding it a serious challenge to come in under par however, high handicaps with concentration) will be able to enjoy their round.

Most holes offer spectacular mountain views overlooking palm trees and olive groves, the surrounding cork and citrus farms generate a true feeling of authentic portuguese golf.

The condominium itself will be surrounded by a lovely garden and very well presented offering a communal pool and a clubhouse, where you can relax after the golf challenges.

Very well located this property is close to all local amenities such as supermarkets and cafes and in only fifteen minutes you can find yourself on Praia da Lagoa, a stunning golden beach, as well as Silves Golf Course and an international school if you are looking to relocate the whole family to the Algarve.

Whether you are wanting to enjoy a peaceful holiday in the sun while still being close to a major town or city, this property is a fantastic investment especially as Silves is popular with holidaymakers, enabling you to generate an additional income through holiday rentals or short term lets in Portugal.

Silves is one of the oldest towns in central Algarve, with its rich history, built on the banks of the River Arade. The river represented an important historic time as it was the main link between the hinterland and the coast.

Mortgage Simulation:Term / Period – 30 years / 360 months 

Purchase Price – 339 000                               
Deposit / Down Payment – 67 800 (20%)     
Finance Amount – 271 200                             
Interest Rate – 0.873%                                   
Monthly Payment – 856.56                      

Mortgage Simulation:Term / Period – 40 years / 480 months         

Purchase Price – 339 000                               
Deposit / Down Payment – 67 800 (20%)     
Finance Amount – 271 200                             
Interest Rate – 0.873%                                   
Monthly Payment- 669.58


Rental Simulation

Rates Per week
Spring (01 April – 31 May) – 890.00
Early Summer (01 – 30 June) – 950.00
Summer (01 July – 15 September) – 1,400.00
Late Summer (15 – 30 September) – 950.00
Autumn (01 – 31 October) – 890.00
Winter (01 Nov – 31 March) -600.00

Features

Air conditioning

Closed condominium