A Plot of Land with Ruin For Sale in Silves

Land for sale in São Marcos da Serra

A plot of land with a farmhouse in ruins for sale in a beautiful location in Silves. With the opportunity to rebuild the house, this plot has huge potential for the right project and would make a great investment for anyone looking to build their dream property in which to live, take holidays or rent out for a good return. 

A lovely plot of land in a beautiful setting for sale in São Marcos de Serra. Measuring 17240m2 and with a ruin to rebuild, this plot would suit those looking to create something truly unique. Benefiting from views of the surrounding countryside and with land for pasture, trees, plants, vegetables and even possibly a swimming pool, this plot has options to suit everyone and for any purpose. 

Located in the middle of the plot, the ruined farmhouse can be rebuilt up to 250sqm enabling you to create your dream property in which to live or holiday. The house that you build could also be marketed to holiday makers looking for a place to escape to that is surrounded by nature and you could get a good additional income as a result. 

Additional benefits to this plot include an independent water supply from a well, an electricity supply only 60 metres away, a small stream on the boundary and both sloped and flat land which adds interest and possibility. 

Located just 3kms away from this plot is the picturesque and traditional Portuguese village of São Marcos da Serra. With whitewashed buildings, a lovely church and a selection of shops and other services, you’ll find a lot of what you need is very close by. 35kms away is the south coast and some truly stunning beaches as well as the popular holiday resort of Albufeira which has a wide selection of shops, bars and restaurants. 

Mortgage simulation:

Purchase Price - 79 000€                                Purchase Price - 79 000€
Deposit / Down Payment - 15 800€ (20%)       Deposit / Down Payment - 15 800€ (20%)
Finance Amount - 63 200€                              Finance Amount - 63 200€
Interest Rate - 0.873%                                   Interest Rate - 0.873%
Term / Period - 30 years / 360 months             Term / Period - 40 years / 480 months
Monthly Payments - 199.61€                            Monthly Payments - 156.04€

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