Investing in a plot with approved plans near Monchique, such as this one priced at £125,000, provides a unique opportunity for buyers. This 5,480 m² site comes with previously approved plans for a two-bedroom house, paving the way for a straightforward construction process once reapplication is made. The plot's elevated position ensures beautiful countryside views, coupled with the convenience of being just 10 km from Monchique and 37 km from the south coast beaches. Such a location enhances the property's attractiveness for future rental opportunities or personal use. With mains electricity and a licensed borehole, the groundwork for developing a home is already established. The surrounding agricultural landscape ensures low fire risk and a peaceful living environment. This area is rapidly gaining interest among investors due to the Algarve’s rising property values. Now is the perfect time to seize the opportunity to secure this plot and begin building your ideal home. Get in touch for more information on this promising investment!
• 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
