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Where can I buy plots for residential development in Parchal?

Plot in Parchal

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

You can buy residential development plots in Parchal, which is home to a unique urban development project. This opportunity encompasses six neighbouring plots, ideal for constructing a large, two-storey detached villa and five apartment blocks, allowing for a total of 20 apartments (T2 and T3). The plots are located just 300m from the serene Arade River, offering a quiet setting away from the hustle and bustle, yet within walking distance to essential amenities like a major supermarket. Living in Parchal means enjoying the beautiful Algarve lifestyle, with the nearest beach only 2.5 km away and plenty of prestigious golf courses nearby. These plots have a total area of 1472 m² and the price is competitive at €1,100,000. This development project provides a fantastic investment opportunity, giving you the flexibility to design according to your vision. Consider the future rental potential with such a prime location, which appeals to both families and holidaymakers alike. The original plan allows for phased construction, making it a cost-effective route for potential investors. Don't miss the chance to take advantage of these sought-after plots. Contact us today to learn more about this exceptional opportunity!

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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