An investment opportunity in Almancil includes two plots with plans for 15 semi-detached villas, each with a private pool. The property is available for €4,000,000 and includes 6,467m² of land plus the approved project, but not the cost of construction. It offers developers a clear residential concept in the Algarve’s Golden Triangle area. The planned homes are arranged across a proposed construction area of 3,233.50m². Each villa is designed with a basement, ground floor, first floor, rooftop and swimming pool. The development is intended for residential use. The location is Poço Novo in Almancil, within Loulé municipality. Mains water and drainage are listed as available. Easy site access is another practical advantage for a future development team. The property also contains an existing ruin. Almancil town and nearby amenities provide everyday convenience. Quinta do Lago is approximately 5km away. The beach is about 8km from the site, offering access to the Algarve coastline. Golf facilities are approximately 11km away. The sea is listed at around 5km. Faro Airport is roughly 14km away, which is useful for international owners and holiday rental guests. The nearest school is approximately 13km from the property. Countryside views may contribute to the appeal of the completed homes. The project could be considered for a sales-led development, a second-home community or a holiday rental investment, subject to all required permissions. Investors should assess construction budgets, absorption rates, operating costs and achievable rental income before committing. Contact us to discuss this Almancil development opportunity and arrange a site visit.
• Plot Size 6.467m²
• Construction Area 3.233,50m²
• The price includes the plot and the approved project but not the construction of the building
• 15 Semi-Detached Houses in the elaboration (Construction) phase
• Mains Water and Drainage
• Close to Town and Amenities
• Distance to Beach 8km
These two plots are in a prime location, minutes from the Golden Triangle.
The project consists of 15 semi-detached houses. Each villa will consist of ground floor, 1st floor, rooftop, basement and pool.
• Distance to Sea – 5km
• Distance to Beach – 8km
• Distance to Nearest Golf – 11km
• Distance from Airport – 14km
• Distance to Nearest School – 13km
• Distance to Nearest Town – 5km (Quinta Do Lago)
