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How to invest in a residential plot in the Algarve?

Plot in Lagos

ref. LE2168
8.259.770SEK
  • NA
  • 3.015m2
  • Building Plot

Investing in a residential plot in the Algarve has never been easier, especially with this stunning urban plot available for €738,000. It comes with an approved project for a 3-bedroom villa with an exceptional swimming pool, making it an appealing choice for buyers looking to establish their permanent residence or a rental investment. This 3,015 m² plot is located in a prime area near Lagos, just 1 km from the beach and within reach of essential services, offering both convenience and lifestyle benefits. The investment potential of this plot is significant, given the high demand for holiday rentals in the Algarve. With the flexibility to customise the project during construction, buyers can enhance their investment value. The approved building permit saves time on the often lengthy application process, allowing you to commence your construction quickly. Notably, city connections for water, sewage, and electricity are already in place, making this plot an even more attractive option. If you’re seeking a strategic investment in a vibrant area, this plot stands out as a top choice. Explore your options today and uncover the potential of this unique offering!

Usage
Residential
Type
Plot
Town
Lagos
Parish
Lagos (São Sebastião e Santa Maria)
Municipality
Lagos, Faro
Region
Algarve (West)
Plot Area
3.015 m²
Tarmac
Mains drainage, Mains water, Mains electric
Fenced
Countryside View, Panoramic View, Sea View
Building Plots
• Plot 3015m²
• Close to the popular city of Lagos with all amenities
• The price includes the plot and the approved project with a pool of 81m², but
not the construction
• Distance to the beach 1km

The property is located in a popular urbanization between Lagos and Portimão, not far from a golf course and the beach. It is one of 2 properties still available, out of a total of 7, located next to each other.

There is already an approved project for a 3-bedroom villa with a 20 m long pool. The size of the pool is unique in the Lagos area. The costs for the project approval are already included in the purchase price, the fees for the building license are not included in the purchase price. The building license must be applied for to begin construction.

You can also buy the plot and create your project with an architect. We can recommend architects and builders to you.

If you realize the approved project, you will save the time from application to approval of 6-8 months.

For more information, please contact us. We can explain all the options to you during an on-site visit.

Plot:
• Some Sea views
• Asphalted driveway
• City electricity, water and sewage connections are already on the property

Optionally, the villa can also be built with 4 bedrooms for an additional charge. This fourth bedroom can also be used as an office.

Amenities

• Asphalted driveway
• Mains supply is already available on the plot
• Building permit for a villa with a 20 m long pool is approved

Location

• Distance to nearest beach: 1km
• Distance to nearest school: 2km
• Distance to nearest golf course: 1km
• Distance to nearest town: 1.5km
• Distance to Faro International Airport: 80km

Other Info

Additional charge for the 4th bedroom/office approx. €4,000 per m².
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