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Renovated 1-Bedroom Townhouse in the Historic Heart of Silves Discover this charming 1-bedroom townhouse, fully renovated in 2024, located in the heart of Silves, one of the most authentic and historically rich cities in the Algarve
Silves, Faro, Portugal
REF: 997188
€255,000
Description
Renovated 1-Bedroom Townhouse in the Historic Heart of Silves Discover this charming 1-bedroom townhouse, fully renovated in 2024, located in the heart of Silves, one of the most authentic and historically rich cities in the Algarve. A unique opportunity for those seeking comfort in a city full of soul and history. ✅ Property Features: ️ 1 cozy bedroom ️ Bright and comfortable living room ️ Fully equipped elevated kitchen, practical and well laid out Modern bathroom with walk-in shower Convenient storage room Outdoor terrace – perfect for relaxing moments Private area: 56 m² Prime Location – Historic Centre of Silves: Just steps from the Castle of Silves, in the heart of the medieval zone Located within the Urban Rehabilitation Area (ARU) – access to tax benefits, renovation incentives and long-term value appreciation Surrounded by cobbled streets, historic façades and rich architectural heritage ☕ Close to museums, churches, traditional restaurants, local services, cafés and craft shops ♂️ Ideal for exploring on foot, in a peaceful and authentic setting Easy access to public transport, schools, services, and the Algarve coast – Carvoeiro, Armação de Pêra ️ Silves – A Historic City with a Unique Identity Silves is more than just a place – it’s a journey through time. Once the capital of the ancient Kingdom of the Algarve, the city still preserves its Moorish-medieval essence, featuring one of the best-preserved castles in Portugal. Living here means becoming part of a living heritage, where every street tells a story. ARU Zone – Smart Renovation & Investment Being located in an ARU (Urban Rehabilitation Area) offers numerous benefits such as tax exemptions, simplified licensing, and access to public renovation support. A safe and sustainable investment in a continuously developing area. Ideal for permanent living, holiday home or tourism investment. ________________________________________ Partnership Opportunities with IAD At IAD, we collaborate with all real estate consultants and agencies. • We promote properties on more than 200 national and international portals. • If you are a property professional with a qualified buyer, do not hesitate to contact us to schedule a visit. Schedule your visit today and discover history... with comfort. We are 100% available via phone or email to provide more information or arrange a detailed visit – in person or online. Don’t miss this unique opportunity! #ref: 144383
Renovated 1-Bedroom Townhouse in the Historic Heart of Silves Discover this charming 1-bedroom townhouse, fully renovated in 2024, located in the heart of Silves, one of the most authentic and historically rich cities in the Algarve. A unique opportunity for those seeking comfort in a city full of soul and history. ✅ Property Features: ️ 1 cozy bedroom ️ Bright and comfortable living room ️ Fully equipped elevated kitchen, practical and well laid out Modern bathroom with walk-in shower Convenient storage room Outdoor terrace – perfect for relaxing moments Private area: 56 m² Prime Location – Historic Centre of Silves: Just steps from the Castle of Silves, in the heart of the medieval zone Located within the Urban Rehabilitation Area (ARU) – access to tax benefits, renovation incentives and long-term value appreciation Surrounded by cobbled streets, historic façades and rich architectural heritage ☕ Close to museums, churches, traditional restaurants, local services, cafés and craft shops ♂️ Ideal for exploring on foot, in a peaceful and authentic setting Easy access to public transport, schools, services, and the Algarve coast – Carvoeiro, Armação de Pêra ️ Silves – A Historic City with a Unique Identity Silves is more than just a place – it’s a journey through time. Once the capital of the ancient Kingdom of the Algarve, the city still preserves its Moorish-medieval essence, featuring one of the best-preserved castles in Portugal. Living here means becoming part of a living heritage, where every street tells a story. ARU Zone – Smart Renovation & Investment Being located in an ARU (Urban Rehabilitation Area) offers numerous benefits such as tax exemptions, simplified licensing, and access to public renovation support. A safe and sustainable investment in a continuously developing area. Ideal for permanent living, holiday home or tourism investment. ________________________________________ Partnership Opportunities with IAD At IAD, we collaborate with all real estate consultants and agencies. • We promote properties on more than 200 national and international portals. • If you are a property professional with a qualified buyer, do not hesitate to contact us to schedule a visit. Schedule your visit today and discover history... with comfort. We are 100% available via phone or email to provide more information or arrange a detailed visit – in person or online. Don’t miss this unique opportunity! #ref: 144383
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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 €255,000 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 |
|---|---|---|---|
| €255,000 | £210,490 | £221,368 | £10,878 |
| Property Price € | €255,000 |
| Minimum cost in the last six months | £210,490 |
| Maximum cost in the last six months | £221,368 |
| Fluctuating exchange rates over the last six months could have increased the cost of this property by | £10,878 |
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 €255,000 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 |
|---|---|---|---|
| €255,000 | £210,490 | £221,368 | £10,878 |
| Property Price € | €255,000 |
| Minimum cost in the last six months | £210,490 |
| Maximum cost in the last six months | £221,368 |
| Fluctuating exchange rates over the last six months could have increased the cost of this property by | £10,878 |
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 £10,878 more.
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