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What is the cost of building a villa and apartments in Algarve?

Plot in Parchal

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

The cost to build a villa and apartments in the Algarve can vary greatly based on your design and materials. However, with this urban development project in Parchal for €1,100,000, you acquire six residential plots, which include plans for one large two-storey villa plus five blocks of apartments with a total of 20 apartments (T2 and T3). This gives you an excellent foundation for planning your residential construction. The total area for development is 1472 m², providing ample space, making it perfect for potential homeowners and investors looking for a profitable venture. Being just 2.5 km from the beach and close to superb golf courses only adds to its appeal. Given the competitive pricing and the chance to construct in phases, this investment presents great potential for future rental income or resale. This is a unique opportunity not to be missed! For further details or inquiries on costs, please reach out 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
Enquire Now   +