Private Introduction · Portugal

Land in Silves (67682)

Plot in Silves — €790,000.

Price
From EUR 790K

Introduction

Plot of land, 2,540 sqm, with project in the final stage of approval, for the construction of a gated community comprising two groups of villas in a total of eight 2 and 3-bedroom villas, in Alcantarilha, Algarve. The land, in the centre of Alcantarilha, currently has a 5-bedroom villa, a warehouse, a cistern, several annexes and an approved project for the construction of seven 3-bedroom villas and a 2-bedroom villa in a gated community with swimming pool and private garages. Located in a residential area surrounded by villas and gated communities.Alcantarilha is a parish in the Silves municipality, in the Barrocal Algarvio, located on a small hill. The village stands out for its houses featuring a coloured bar around the windows and the doors, topped by the typical lacy chimney of the Algarve, a heritage of a past of strong Muslim occupation, and also for the famous 16th-century doors featuring popular architecture, similar to those in the historic centre of Lagos.Located in the heart of Alcantarilha and with easy access to all surrounding services, such as supermarket, restaurants, veterinarian, among others, next to EN 125 and 2-minute driving distance from the motorway, 5 minutes from Armação de Pêra beach or Zoomarine, 10 minutes from Nobel Algarve British International School, 30 minutes from Faro Airport, and 2 hours and 20 minutes from Lisbon Airport.

Why This Opportunity

  • Prime Faro location

    Located in Silves, Faro, Portugal — a sought-after part of the market.

  • Priced at €790,000

    On the market at €790,000.

  • Studio homes

    Layout up to 2540 m².

  • ~5% estimated gross yield

    Estimated 6% annual capital growth for Faro (market-level estimate).

The Area

Where it is

Getting around

  • Faro Airport (FAO)

    International gateway for the whole Algarve via the A22. [~60 km / 45 min]

  • A22 Via do Infante

    Algarve motorway giving fast east-west connections. [~10 km / 10 min]

  • Silves Railway Station

    Stop on the Linha do Algarve regional line. [~2 km from centre]

Nearby

  • Castelo de Silves

    The largest Moorish castle in the Algarve, with red sandstone ramparts. [In town]

  • Sé de Silves (Cathedral)

    Gothic cathedral beside the castle in the medieval old town. [In town]

  • Arade River & Riverside

    Historic quays with boat trips down to Portimão. [In town]

  • Amendoeira Golf Resort

    Two championship courses designed by Faldo and O'Connor Jnr. [~12 km / 15 min]

Schools

  • Nobel Algarve British International School (Lagoa)

    Flagship campus, English National and Portuguese curriculum, ages 3-18, Lagoa. [~15 km / 20 min]

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