Investing in a plot with project approval for luxury villas in Faro has never been easier. This plot in Loulé offers an approved project for two semi-detached villas, each measuring 242.98m², situated in a prime area of central Algarve, making it an excellent investment opportunity. Priced at €395,000, this residential plot gives you a foothold in a rapidly growing real estate market that appeals to an international clientele.
The plot comes with comprehensive utilities already in place, including mains water and drainage, and is conveniently located close to key amenities such as the Mar shopping centre. The surrounding area provides breathtaking views of the countryside and a serene environment, perfect for developing luxury villas. Investors can also modify the approved project to construct a single larger villa if desired, increasing the potential return on investment.
The proximity to beaches, golf courses, and various leisure activities makes this location even more attractive to potential buyers or renters, enhancing your investment's value. Golf enthusiasts will appreciate the nearest golf course being only about 15.4 km away, and beach access is a pleasant 12.5 km from the site. With the possibility of purchasing turn-key finished properties at €1,100,000, this makes it a valuable option for those looking for high-quality builds.
This plot isn't just about land; it represents an opportunity to create a luxurious lifestyle in Algarve's idyllic setting. Whether you are a developer or an investor, this property is sure to yield solid returns. Contact us today for further details and to schedule a viewing.
• Plot Size 1347m²
• Project for 2 villas 242,98m² each
• The price includes the plot and the approved project but not the construction of the building
• Mains Water and Drainage
• Close to Town and Amenities
• Easy Access
• Distance to Beach 12,5km
• Sold with full PIP
This plot is located walking distance from Mar shopping centre, offering fantastic views across the countryside of the Algarve and with peaceful surroundings.
The pre-approved project is for 2 semi-detached villas each with 242,98m², however with an alteration, there is an opportunity for the project to be sold as one larger detached villa (485,96m² total construction plus 131,44m² basement). There is also an opportunity to buy this as a turn key finished property for €1,100,000.
There will be on the ground floor, 2 en-suite bedrooms, living / dining room, kitchen, WC and a large terrace. On the 1st floor there will be 2 en-suite bedrooms and a large terrace. Both villas will have pool, basement and a driveway with parking.
Amenities
• Mains water, electricity and sewage
• Easy access
Location
• Distance to Sea – 8,6km
• Distance to Beach – 12,5km
• Distance to Nearest Golf – 15,4km
• Distance from Airport – 13,2km
• Distance to Nearest School – 9,1km
• Distance to Nearest Amenities – 1,4km (Mar Shopping Centre)
