Investing in this plot in Alferce, near Monchique, presents a fabulous opportunity for building a two-bedroom home. Priced at €125,000, this 5480m² land offers beautiful country views and a peaceful setting just 10 minutes from Monchique town. Previously approved building plans can be reapplied for, allowing you to design a space that perfectly fits your vision and lifestyle. This plot is well-equipped with mains electricity and a licensed borehole, ensuring necessary utilities are at your fingertips. The scenic natural surroundings make it an appealing location for nature lovers looking for a quiet retreat. With the Algarve coastline just 37km away, you can enjoy beautiful beaches and outdoor activities while having a serene base to return to. The area boasts fertile land suitable for gardening, offering a fulfilling outdoor lifestyle. The current real estate market indicates a strong growth potential for properties in serene rural locations, enhancing its investment appeal. Alferce is characterized by a friendly community atmosphere, perfect for family-oriented individuals. Take advantage of this unique investment opportunity and secure your plot today to build your future. Contact us now for further information and to schedule a viewing!
• 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
