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239 500 €
House T2 in Algoz e Tunes, SilvesSilves, Faro
House T2 in Algoz e Tunes with 62 m²
62 m²
2 Bedrooms
2 WC
Energy efficiency
We present an excellent investment and property development opportunity in the heart of the charming village of Algoz, in the municipality of Silves. This urban property dates back to before 1951 (legally granting it an exemption from a usage licence) and already features a fully approved architectural project for the construction of a modern three-storey residential building, comprising three independent units. Set on a 203 m² plot of land, the project has been strategically designed to maximise usable area and ensure a high return on investment. With an imprint area of 89 m² and a total gross construction area of 255 m², the building is distributed in a smart and functional layout: - Ground Floor (Floor 0) – Unit A (Two-Bedroom Apartment with Patio and Pool) A magnificent two-bedroom (T2) apartment with a generous usable area of approximately 89 m². The social area is designed in an open-plan concept, seamlessly integrating the living room and kitchen, supported by a guest bathroom. The main selling point of this unit is its exclusive 96 m² private patio equipped with a swimming pool for private use — a true rarity and a powerful value-adding feature in today's market. - Floors 1 and 2 – Units B and C (Two One-Bedroom Duplex Apartments) The first floor provides access to two fantastic one-bedroom (T1) duplex apartments, boasting very generous areas and identical layouts, yet with opposite solar orientations: Unit B: Total area of approximately 98 m². Unit C: Total area of approximately 91 m². Both duplexes are exceptionally divided between social and private quarters: Lower Floor: Dedicated to the living and social area, featuring an open-plan living room and kitchen, alongside a guest bathroom. Upper Floor: Exclusively dedicated to rest and privacy, showcasing a master suite with a private walk-in wardrobe and a balcony, ensuring maximum comfort for its residents. Technical Specifications and Foreseen Finishes The project stands out for its choice of contemporary, low-maintenance materials that provide an elegant aesthetic as well as excellent thermal and acoustic performance: Thermal Insulation: External wall insulation using the ETICS (Capoto) system, finished in the sophisticated Alísios Blue tone. Window Frames: High-efficiency double-glazed PVC systems with a textured oak wood finish. Security and Comfort: High-security PVC entrance doors and roller shutters. Architectural Details: External metal railings and details with a copper finish, adding a modern and refined contrast to the facade. Located in a central and well-established area of Algoz, this asset benefits from its close proximity to all types of traditional local commerce, amenities, and transport links. It sits just minutes away from the main road networks (A22 and EN125) and the beaches of the central Algarve. This project is ideal for those looking to avoid the usual lengthy municipal approval processes, allowing for an immediate start to the construction works. It represents a perfect product either for the individual resale of the units (with a strong appeal for the young residential or holiday home markets) or for creating a secure income stream through the long-term rental market. To view the complete project, floor plans, and technical specifications, please contact me!