Constructing townhouses in central Algarve presents excellent potential returns on investment (ROI), especially with the approved project for three linked villas available in Benafim for just €180,000. The plot size of 1200m² allows for building three townhouses, each with 175m², designed to attract buyers looking for modern living spaces.
This area of Algarve has seen a steady increase in property values, driven by its attractive lifestyle and proximity to both the beach and amenities. Investing in residential properties here not only offers immediate rental opportunities, particularly appealing to holidaymakers, but it also benefits from a growing demand for quality homes in scenic locations.
With mains utilities already connected, you can minimize initial expenditure and maximize profit margins upon development completion. Future residents will appreciate the accessibility to local amenities, expansive countryside views, and easy travel to Faro Airport located 40.8km away.
Moreover, the market trends suggest a strong rental yield potential, especially during peak tourist seasons. The ability to include desirable features such as private gardens and plunge pools further enhances the marketability of each townhouse.
In conclusion, this property project in Benafim offers a lucrative pathway for investors seeking to capitalize on the burgeoning Algarve property market. Don't miss the opportunity; contact us today to discuss how to start your investment journey.
• Plot Size 1200m²
• Construction Area 600m²
• Project For 3 Townhouses with 175m² 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 24.3km
This large plot of 1200m² is located in the heart of Benafim, offering countryside views and peaceful surroundings with restaurants, cafes, pharmacy and supermarket on the doorstep. The land has been cleared and fully fenced. Water, domestic sewage, electricity, and telecommunications are available at the entrance of the plot.
The approved project consists of 3 townhouses each with a construction allowance of 175m² and all villas will have 3 bedrooms. The properties will have direct access to the main municipality road and a car porch near the entrance of each villa. The ground floor will be composed of an open plan kitchen and lounge area with access out to a back terrace with BBQ and “al fresco” eating area, 1 bedroom with en-suite bathroom and a W.C. The 1st floor will be composed of 2 bedrooms both with en-suite bathrooms and terraces. The gardens have enough space allowing installation of a plunge pool in the future. The design of the properties has modern lines of architecture and can be built to a high standard.
Land:
• Fully Fenced
• Cleared
Amenities
• Mains water, electricity, and sewage available
• Easy access
Location
• Distance to Nearest Town – 140 meters (Benafim)
• Distance to Sea – 16.6km
• Distance to Beach – 24.3km
• Distance to Nearest Golf – 22.5km
• Distance from Airport – 40.8km
• Distance to Nearest School – 700 meters
