If you’re curious about the cost of a rural plot near Monchique with construction potential, you’ll be pleased to know it’s currently listed at €125,000. This 5480m² plot is a fantastic investment opportunity for buyers looking to build their dream home amidst the serene beauty of the Algarve.
Located just 10 minutes from Monchique town, this plot not only offers beautiful views but also comes equipped with mains electricity and a licensed borehole, making your building process more straightforward.
Originally, there were plans approved for a two-bedroom house, which have since lapsed, paving the way for you to reapply and bring your vision to life. The plot’s soft terrain features large flat terraces, providing a fertile grounds for gardening or other outdoor activities. It’s essential to consider the potential for rental income or a resale opportunity given its idyllic location and access to numerous amenities.
As you envision your future home here, imagine being enveloped by the picturesque Serra de Monchique while enjoying the convenience of nearby beaches and amenities. Plus, with a low fire risk thanks to the surrounding agricultural land, peace of mind comes naturally.
This investment opportunity is not just about the land; it’s a lifestyle choice. Contact us today for more details or to schedule a viewing of this exceptional plot!
• 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
