€300,000

Located in Loulé.
Located in a highly sought-after area of Areeiro, this semi-detached property enjoys lovely sea views from its roof terrace. Set on a plot classified as 100% urban land, it offers excellent development potential, with the possibility to construct up to 450m² plus a basement and private swimming pool. This represents a genuine bargain investment opportunity, ideal for development and resale with the potential for attractive profit margins. The property is currently configured as a 3-bedroom house with one bathroom (shower and WC). It benefits from mains water connection available on the adjacent road, mains drainage, electricity, and telecommunications. Please note that the property does not have a Habitation Licence, and therefore mortgage financing is not available. Ideally located between Loulé and Almancil, the prestigious golf resorts of Quinta do Lago and Vale do Lobo, together with their beautiful golden sandy beaches, are just 15 minutes away by car. Loulé town centre is only 5 minutes away, while Faro International Airport can be reached in approximately 20 minutes. Total possible maximum construction area: 450m². Energy Rating: F #ref:X0083A