€89,000

Investment Opportunity in the Heart of Silves' Historic Centre Single-storey ruin with a total area of 45 m², ideally located in the charming historic centre of Silves, in a privileged setting just a short walk from traditional shops, essential services, restaurants, schools, and the city's main attractions. This property presents an excellent opportunity for investors or anyone looking to create a home full of character. Offering great renovation potential, it can be transformed into a charming residence, ideal as a permanent home, holiday retreat, or an investment for short-term holiday rentals or long-term letting. A redevelopment project for the house previously existed but has since expired. It may provide a useful basis for a new planning application, subject to approval by the relevant local authorities. The property is conveniently located just 15 minutes from the stunning Algarve beaches, 5 minutes from several prestigious golf courses, 5 minutes from schools, and approximately 45 minutes from Faro International Airport. A unique opportunity to bring a renovation project to life in the historical city of Silves, one of the Algarve's most iconic and picturesque destinations. Energy Rating: Exempt #ref:V1855 - V1855 - Servesul - Sociedade de Mediação Imobiliária, Lda