If you're seeking great investment potential, this plot near Monchique is an exceptional option. Available for €125,000, the 5,480 m² parcel of land has previously approved architectural plans for a two-bedroom house, showcasing its potential to attract future buyers or tenants. With a maximum building size of 240 m², including a basement, you can capitalize on this investment by either creating a permanent residence or a rental property. The natural beauty surrounding the plot, with magnificent views of the Serra de Monchique, makes it an alluring option for those looking to escape the hustle and bustle of city life. Located just 10 km from Monchique, it provides a perfect blend of tranquillity and accessibility, with essential amenities readily available nearby. The licensed borehole and mains electricity on site simplify development and can significantly increase the overall value of the property. Nature lovers and outdoor enthusiasts will appreciate the surrounding agricultural land, ensuring a peaceful living environment with low fire risk. Additionally, you are only 37 km away from the stunning south coast beaches and 32 km from golf courses—ideal for attracting vacationers or residents alike. This rural plot represents a unique chance for buyers with an eye on investment opportunities. Take advantage of this rare offering today; contact us for further details!
• Plot size 5480m²
• Previously approved construction size 121m² with option for 240m² with basement
• The price includes the plot only, not the construction of the building
• Licensed borehole in place
• Mains electricity in place
• Licensed within the building plan to install a septic tank -this would need to be reapplied for
• Easy access with a driveway from the road
• 37km to south coast beaches
This plot is fertile with large flat terraces. The ruin faces east in an elevated position giving all day sunshine. As the plot is surrounded by agricultural land with medronho trees it is a low fire risk area.
It can be reached from two different directions and is only about a 10-minute drive to the town.
Plans of the lapsed construction approval are available but as a new owner would have to reapply it is a good opportunity to change the design if required.
Please note that while it is very likely to get plans approved it is not guaranteed. An interested person would have to check with the town hall.
Amenities
• Mains Electricity
• Borehole
Location
10km to Monchique with all amenities including fresh market and restaurants
37km to south coast beaches
32km to golf course
87km to Faro airport
