Investing in this rural plot close to Monchique town can open doors to an idyllic lifestyle for just €125,000. This property offers previously approved plans for a two-bedroom house, an attractive feature for buyers looking to build their perfect retreat in the heart of the Algarve. Just 10 minutes from the bustling town, it provides a perfect balance of tranquility and access to local amenities.
The generous plot size of 5480 m² supports various possibilities, whether you aim for self-sustainable living or a garden oasis. Enjoy the existing licensed borehole and mains electricity that contribute to a low-maintenance living solution right from the start. With scenic views of the Serra de Monchique, you can relish all-day sunshine and picturesque landscapes.
Surrounded by agricultural land and situated in a low fire risk area, this plot presents a safe and vibrant environment for future development. The opportunity to reapply for the expired approved plans allows for tailoring your home according to personal preferences, enhancing your investment's appeal.
Plus, being only 37 km from beautiful south coast beaches offers a fantastic lifestyle change for anyone wishing to escape the city's hustle and bustle. Consider this plot's potential for rental income as property demand grows in the region. Take action now; contact us for more details and to book a viewing of this promising property!
• 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
