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What budget is needed to buy a 3 or 4-bedroom villa plot with planning approval in the Algarve?

Plot in Praia da Luz

ref. LW2374
310.000€
  • NA
  • 414m2

The starting budget to buy a 3 or 4-bedroom villa plot with planning approval in this Algarve development is €310,000. That price is for the plot with an approved project and does not include construction, so buyers must plan an additional building budget. The approved designs allow luxury villas with private swimming pools between Praia da Luz and Burgau. Plot sizes start at 414m² and extend to 1,059m². Approved construction areas range from 144m² to 184m². Ten plots are being offered in the small urbanisation. Six are designed for detached villas and four are linked villa opportunities. The plans include two floors above ground and one lower-ground floor. Walled gardens and private pools are included within the approved outdoor concept. The site also benefits from access to mains utilities. The nearest beach is approximately 2.6km away. Praia da Luz is about 2.4km from the development. Burgau offers an additional nearby coastal destination for beach days and dining. Shops, restaurants and local services are conveniently positioned around the villages. A school is approximately 1.5km away, making the area suitable for family use. Espiche Golf Course is around 7.6km from the plots. Faro Airport is approximately 93.2km away, which is relevant for international owners and holiday guests. Buyers should also budget for professional fees, taxes, construction, landscaping, pool completion and furnishing, with exact amounts requiring independent confirmation. Once completed, a villa could be used as a family home, holiday base or rental property, subject to local regulations and demand. A detailed feasibility review should compare the total development cost with potential resale or rental income before purchase. Contact us now for current availability, project documentation and guidance on the next steps.

Usage
Residential
Type
Plot
Town
Praia da Luz
Parish
Luz
Municipality
Lagos, Faro
Region
Algarve (West)
Floors
3
Usable area
144 m²
Plot Area
414 m²
Tarmac
Parking outdoors, Private Parking
Private
Countryside View
● Total construction area starts from 144m²
● Plot sizes start from 414m²
● 3 and 4 bedrooms available
● Located between Praia da Luz and Burgau
● 2.6 km to the nearest Beach
● Price does not include the construction

The urbanization will consist of 10 plots with contruction areas between 144m² to 184m² and between 414m² - 1059m² for total plot areas. The approved project allows the construction of 3 and 4 bedroom houses with a swimming pool, and two floors above ground and one floor below ground.

There are 6 detached villas and 4 linked villa designs/plots.
This new development will be highly sought-after, with its location being close to shops, schools, restaurants and beaches making this a great investment choice as a family or holiday home.

The property consists of:
• 2 floors above ground
• 1 lower ground floor

Outside
• Swimming pool
• Walled gardens

Amenities

• Connections to mains utilities

Location

• 2,6km from the Beach
• 2,4km to Praia da Luz
• 7,6km to nearest golf course (Espiche)
• 1,5km to nearest school
• 93,2km to Faro Airport

Other Info

Price does not include construction
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