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What are the best investment opportunities for residential plots in the Algarve?

Plot in Parchal

ref. LE1316
1.100.000€
  • NA
  • 2.880m2
  • 1.499m2
  • Building Plot

The Algarve is ripe with investment opportunities, and this residential development project in Parchal stands out as one of the best. With six neighbouring plots available for €1,100,000, this project includes clear plans to build a stunning two-storey villa alongside five apartment blocks, resulting in a total of 20 apartments (T2 and T3). Located just 300m from the beautiful Arade River and within easy reach of the vibrant town of Ferragudo, these plots offer exceptional potential for long-term growth. The total area of the development is 1472 m², providing ample space to maximise your investment. The area is known for its welcoming community and easy access to beaches and golf courses, making it a desirable destination for both residents and holidaymakers. Additionally, the phased construction approach ensures lower initial outlay while offering the possibility of reinvesting profits. Those looking to secure a profitable venture in a prime location should not miss this opportunity! Contact us now to explore these plots further!

Usage
Residential
Type
Plot
Town
Parchal
Parish
Estômbar e Parchal
Municipality
Lagoa, Faro
Region
Algarve (Central)
Living Area
2.880 m²
Plot Area
1.499 m²
Tarmac
Countryside View
Building Plots
• Total area: 1472 m²
• 6 plots with projects
• 1 villa
• 5 apartment blocks, 20 apartments
• The price includes the plot only, not the construction costs
• Nearest beach 2.5km

6 plots of land located a mere 300m from the Arade River. This is a quiet urbanization in the small village of Parchal which is located just behind the popular fishing town of Ferragudo. Away from hustle and bustle of the big city, and away from the confusion of the summer tourists at high season. Within walking distance of a major supermarket and a short drive to many beautiful beaches and a selection of golf courses. The big city of Portimão is also a short drive where you can find major shopping centres and other amenities.

This is a fantastic opportunity to purchase 6 neighbouring plots all with projects. The original plan was to construct and sell in phases, assuring a low initial outlay and opportunity to attain returns ready to reinvest in the following phases.

Overview of individual plots:
1. Total area 235m² with living area 280m² to construct a detached villa.
2. Total area 243m² living area 520m² over two floors, 2 x two bedroom apartments and 2 x 3 bedroom apartments.
3. Total area 243m² living area 520m² over two floors, 2 x two bedroom apartments and 2 x 3 bedroom apartments.
4. Total area 243m² living area 520m² over two floors, 2 x two bedroom apartments and 2 x 3 bedroom apartments.
5. Total area 243m² living area 520m² over two floors, 2 x two bedroom apartments and 2 x 3 bedroom apartments.
6. Total area 243m² living area 520m² over two floors, 2 x two bedroom apartments and 2 x 3 bedroom apartments.

Amenities

• Possibility to change plans
• Close to all amenities

Location

• Distance to the sea – 2km
• Nearest town 0km
• Nearest beach 2.5km
• Nearest school 500m
• Nearest golf 3km
• Distance to airport 65km
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