Investing in this centrally located plot in Algarve offers significant potential, priced at €395,000 with an approved project for two villas, each featuring the option for private pools. This 1347m² plot provides ample space for development and is walking distance from key amenities, making it attractive for both residential living and vacation rentals. The two villas can be built alongside serene countryside views and easy access to local beaches, ensuring high rental demand during peak tourist months. The potential return on investment is promising, especially with adjustments to build a single larger villa or retaining the dual villa plan. With main utilities of water and sewage connections available, buyers can begin construction immediately. The area is known for its appealing lifestyle offerings and proximity to golf courses, enhancing its investment allure. This property delivers not only luxury living options but also a lucrative opportunity for developers looking to capitalise on the booming Algarve real estate market. Don't hesitate to inquire further about this investment potential!
• 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)
