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What are the potential returns on investment for building 20 apartments in Parchal?

Plot in Parchal

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

Building 20 apartments in Parchal presents significant potential returns on investment, particularly given the rising demand for residential properties in the Algarve region. With plots available for €1,100,000, developers can harness the growing market potential by constructing five apartment blocks that consist of both T2 and T3 units, coupled with a two-storey detached villa.

This investment opportunity not only includes the base cost of the land but also leverages the strength of Parchal’s appealing location, just 2.5 km from the coastline. The proximity to the town of Ferragudo and Portimão ensures a steady influx of potential renters and owners seeking quality living space away from the tourist crowd.

The individual apartments have been designed to meet diverse market needs, with configurations that include a mix of two and three-bedroom layouts, perfect for families or short-term holiday rentals. The strategic approach to phased development also allows for lowered upfront costs while maximising returns as each phase completes.

Additionally, the area’s amenities, including supermarkets, schools, and recreational offerings, further enhance the attractiveness of such residential projects. With strong rental yields expected, particularly in the holidays and summer months, your investment in Parchal could be remarkably rewarding.

To explore this investment opportunity further and get tailored advice on project execution, contact us today!

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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