Investing in this plot in the Algarve is an excellent choice for your future home, especially given the price of €125,000 and its fantastic features. The 5480m² land is located in Alferce, delivering breathtaking countryside views and a peaceful atmosphere, perfect for residential living. Previously approved plans for a two-bedroom house create an opportunity to develop your dream home. With mains electricity and a licensed borehole in place, this property is prepared for development, ensuring convenience for future owners. The stunning Algarve region offers a vibrant community, warm climate, and beautiful landscapes, making it an ideal place to settle. The proximity to Monchique, known for its local markets and restaurants, enhances its appeal by adding lifestyle benefits. Investing here not only secures a beautiful piece of land but also places you in a region known for its potential capital appreciation. Don't miss the chance to make a wise investment—contact us today to discuss your options!
• 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
