Historic Gem in Silves - Renovate Your Dream Mansion (EUR 589,000) Live in the heart of a charming medieval town! This captivating property waits in Silves, just steps from the iconic castle and bustling market

Silves, Faro, Portugal

For Sale

€589,000

REF: 889154 €589,000


6

2

204 m2

493 m2

Description

Historic Gem in Silves - Renovate Your Dream Mansion (EUR 589,000) Live in the heart of a charming medieval town! This captivating property waits in Silves, just steps from the iconic castle and bustling market. Nestled in the Western Algarve, Silves offers a captivating blend of nature, vineyards, and proximity to stunning beaches (Portimão, Ferragudo, Carvoeiro - all within 25 minutes).

Enjoy the convenience of everyday essentials like restaurants, bars, pharmacies, and supermarkets right at your doorstep. Unveiling a Rare Gem Imagine stepping back in time as you wander through this spacious home, boasting high ceilings, original architectural details, and a privileged location opposite the cathedral.

This exceptional property presents a unique opportunity to own a piece of Portuguese history. With its spacious layout and hints of former grandeur, this mansion offers the potential to create a luxurious oasis. Renovate to Reveal its Grandeur This charming 6-bedroom mansion, nestled amidst lush greenery, offers ample space for comfortable living and entertaining.

While some areas retain their original grandeur, others require renovation to restore their former glory. We anticipate renovation costs between €275,000 and €325,000, encompassing foundation reinforcement, roof repairs, a modernized kitchen, three stylish bathrooms, and a refreshing pool. Once restored, this property will be more than just a house—it will be a dream home, combining luxury, comfort, and natural beauty.

With an estimated restored value exceeding €1,100,000, it presents a remarkable investment opportunity. Imagine the Possibilities ✴️ A grand entrance: Step into a spacious foyer with soaring ceilings and elegant details. ✴️ A luxurious living area: A vast, open-plan living room seamlessly connects to a separate dining room and a modern, gourmet kitchen.

Large windows offer stunning views of the surrounding landscape. ✴️ Private retreats: Three ensuite bedrooms, each with its own private bathroom, provide comfort and privacy. ✴️ Unique touches: Mezzanines add character and create additional spaces for relaxation or study. ✴️ Outdoor paradise: A sprawling garden, spanning 493 square meters, offers endless possibilities.

Create a refreshing pool, a delightful outdoor kitchen for al fresco dining, and a serene oasis surrounded by mature fruit trees. ✴️ Hassle free parking: There is a two car garage beneath the property Unique Features - Privileged location in the heart of Silves, next to the cathedral. - Garage for two cars.

- Basement with the potential to create an additional living area such as a multi-purpose room - Beautiful original architectural details such as wooden shelters, portuguese tiles and wooden floor, ironwork door, towering glass doors and ornamental windows) Don't miss this chance to own a remarkable piece of history and create your dream home in the heart of Silves! Energy certificate E. #ref: 127949
Historic Gem in Silves - Renovate Your Dream Mansion (EUR 589,000) Live in the heart of a charming medieval town! This captivating property waits in Silves, just steps from the iconic castle and bustling market. Nestled in the Western Algarve, Silves offers a captivating blend of nature, vineyards, and proximity to stunning beaches (Portimão, Ferragudo, Carvoeiro - all within 25 minutes).

Enjoy the convenience of everyday essentials like restaurants, bars, pharmacies, and supermarkets right at your doorstep. Unveiling a Rare Gem Imagine stepping back in time as you wander through this spacious home, boasting high ceilings, original architectural details, and a privileged location opposite the cathedral.

This exceptional property presents a unique opportunity to own a piece of Portuguese history. With its spacious layout and hints of former grandeur, this mansion offers the potential to create a luxurious oasis. Renovate to Reveal its Grandeur This charming 6-bedroom mansion, nestled amidst lush greenery, offers ample space for comfortable living and entertaining.

While some areas retain their original grandeur, others require renovation to restore their former glory. We anticipate renovation costs between €275,000 and €325,000, encompassing foundation reinforcement, roof repairs, a modernized kitchen, three stylish bathrooms, and a refreshing pool. Once restored, this property will be more than just a house—it will be a dream home, combining luxury, comfort, and natural beauty.

With an estimated restored value exceeding €1,100,000, it presents a remarkable investment opportunity. Imagine the Possibilities ✴️ A grand entrance: Step into a spacious foyer with soaring ceilings and elegant details. ✴️ A luxurious living area: A vast, open-plan living room seamlessly connects to a separate dining room and a modern, gourmet kitchen.

Large windows offer stunning views of the surrounding landscape. ✴️ Private retreats: Three ensuite bedrooms, each with its own private bathroom, provide comfort and privacy. ✴️ Unique touches: Mezzanines add character and create additional spaces for relaxation or study. ✴️ Outdoor paradise: A sprawling garden, spanning 493 square meters, offers endless possibilities.

Create a refreshing pool, a delightful outdoor kitchen for al fresco dining, and a serene oasis surrounded by mature fruit trees. ✴️ Hassle free parking: There is a two car garage beneath the property Unique Features - Privileged location in the heart of Silves, next to the cathedral. - Garage for two cars.

- Basement with the potential to create an additional living area such as a multi-purpose room - Beautiful original architectural details such as wooden shelters, portuguese tiles and wooden floor, ironwork door, towering glass doors and ornamental windows) Don't miss this chance to own a remarkable piece of history and create your dream home in the heart of Silves! Energy certificate E. #ref: 127949
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Property on Map

#127949

Currency Exchange

Silves, Faro, Portugal

Interested in this property? Don't lose out to currency fluctuations changing the price you pay...

Many overseas buyers in Portugal do not realise they can lose thousands of pounds through adverse currency exchange rate movements.

The property buying process in Portugal takes time; it could be up to six months between seeing the property of your dreams and actually taking ownership. So how much would this €589,000 property cost you?

Property Price € Minimum cost in the last six months Maximum cost in the last six months Fluctuating exchange rates over the last six months could have increased the cost of this property by
€589,000 £489,977 £506,905 £16,928
Property Price € €589,000
Minimum cost in the last six months £489,977
Maximum cost in the last six months £506,905
Fluctuating exchange rates over the last six months could have increased the cost of this property by £16,928

Silves, Faro, Portugal

Interested in this property? Don't lose out to currency fluctuations changing the price you pay...

Many overseas buyers in Portugal do not realise they can lose thousands of pounds through adverse currency exchange rate movements.

The property buying process in Portugal takes time; it could be up to six months between seeing the property of your dreams and actually taking ownership. So how much would this €589,000 property cost you?

Property Price € Minimum cost in the last six months Maximum cost in the last six months Fluctuating exchange rates over the last six months could have increased the cost of this property by
€589,000 £489,977 £506,905 £16,928
Property Price € €589,000
Minimum cost in the last six months £489,977
Maximum cost in the last six months £506,905
Fluctuating exchange rates over the last six months could have increased the cost of this property by £16,928

The exchange rate on the day you make an offer on your property in Portugal will not be the same as the rate you pay when you complete on your purchase, as currency markets move constantly. Any large rate movements may take it beyond your price range as the chart above illustrates the fluctuation and how much extra your property could have cost you.

The best way to avoid this significant risk is to plan your budget and currency strategy with an experienced currency specialist. They have been known to save you up to 4% compared to many high street banks, £4,000 for every £100,000, which soon adds up. They will also keep you up to date on market movements, help you set a rate in advance with a product called a Forward Contract - so you know exactly what you will pay for your property in sterling.

This is why we recommend Smart Currency Exchange Ltd. If exchange rate movements continue to be as unpredictable and as significant as they have been in the past then by not using Smart Currency Exchange Ltd your property could cost you £16,928 more.

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