Investing in a plot with planning permission for villas in Central Algarve is an excellent opportunity due to the region's attractive lifestyle and high rental demand. This specific plot in Loulé comes with an approved project for two semi-detached villas, each offering extensive living space and spectacular countryside views. With the Algarve being a top destination for tourists and retirees alike, the potential for profit in rental yields is substantial. The plot size is 1,347 m², conveniently located only a short drive from beautiful beaches and golf courses, making it appealing for future homebuyers. The proximity to the Mar shopping centre and essential services further enhances its value, ensuring a desirable location for potential tenants. The project allows the flexibility to create one larger detached villa if preferred, catering to a broader market. Mains water and drainage facilities are onsite, streamlining the construction process that can be customized to meet modern standards. Successful investment in this area typically results in high return rates, which is something every investor should consider. Don’t miss your chance to develop a valuable asset in one of the Algarve's most sought-after regions. Contact us now to learn more and schedule a viewing!
• 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)
