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Which urban development opportunities are available in the Algarve region?

Plot in Parchal

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

The Algarve region offers enticing urban development opportunities, and Parchal is at the forefront of such initiatives. Currently, you have the chance to purchase six plots in Parchal, which are approved for the construction of a large two-storey detached villa as well as five apartment blocks, accommodating a total of 20 apartments.

This strategic location stands out due to its accessibility to key amenities and proximity to beautiful beaches, with the nearest beach just 2.5 km away. These residential projects not only promise to enhance the aesthetic charm of Parchal but also aim to meet the increasing demand for quality housing in the region.

The appeal of Parchal lies in its serene environment, away from the tourist-heavy locales while still being close enough to local attractions in Ferragudo and Portimão. The configurations of the plots provide abundant space for thoughtful construction, catering to both family living and investment rental markets.

Investing in these plots means tapping into the growing potential of the Algarve as one of Portugal's most desirable locales. With planned construction flexibility, investors can tailor projects to better fit market expectations, reaping long-term benefits.

Don’t miss the chance to become part of this dynamic community. Contact us now for more details on these fantastic development opportunities!

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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