The investment potential for this countryside plot in Algarve is significant. Offered at £125,000, this 5480m² plot presents an excellent opportunity for buyers looking to build a spacious two-bedroom home near Monchique. With planning approval previously granted for a 121m² house, buyers can reapply to create their ideal living space, tapping into the growing interest in off-grid living amidst the stunning natural beauty of the Serra de Monchique.
This area boasts fertile land with large, flat terraces, perfect for gardening enthusiasts and those who desire a sustainable lifestyle. The plot features a licensed borehole and mains electricity, ensuring essential amenities for comfortable living.
Located just 10 minutes from Monchique town, with its vibrant community and markets, you have all local amenities at your feet, while the south coast beaches are only 37km away. This property also allows for easy access from multiple directions, adding to its convenience. Potential buyers should consider the low fire risk presented by the surrounding agricultural land.
These factors make it an attractive investment for individuals looking to combine a peaceful country lifestyle with modern conveniences.
Whether for a permanent residence or a holiday getaway, this plot offers a unique canvas for your dreams. Contact us now to explore this exceptional investment opportunity!
• 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
