Villa for sale in Silves
A traditional three bedroom villa for sale in Silves, just five kilometres from the beautiful city Lagoa and its stunning beach.
Spread across two floors, the ground floor comprises an entrance hall, a bathroom and a large room which could potentially be used as a commercial space so if you are wanting to open a business, this villa would make a great investment if you are looking to generate an additional income.
In addition to this, the ground floor also comes with a spacious kitchen and another bathroom.
Upstairs comprises a living room with a feature fireplace and three bedrooms, all of which come with a lovely balcony where you can sit back and enjoy the views. Another balcony is also available on this floor.
Outside, there is a BBQ area providing a great place to entertain friends and family all throughout the year. There are even three fruit trees which would make a great contribution towards breakfasts and desserts.
This villa is well located and sits 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 are relocating 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.
The famous Castle, which is built on top of one of the largest underground aquifers in the Algarve, dates way back to the 12th century, the prime time of Moorish occupation.
Purchase Price – 270 000 Purchase Price – 270 000
Deposit / Down Payment – 54 000 (20%) Deposit / Down Payment – 54 000 (20%)
Finance Amount – 216 000 Finance Amount – 216 000
Interest Rate – 0.873% Interest Rate – 0.873%
Term / Period – 30 years / 360 months Term / Period – 40 years / 480 months
Monthly Payments – 682.21 Monthly Payments – 533.30