€900,000

Lagoa

Overview

SUMMARY: Discover an opportunity with this Lagoa land for sale and available for €900,000. This could be your next ideal home or a smart investment. More details await.

Prime Development Opportunity: 3700m² Land in Central Ferragudo for 5 Luxury Villas Unlock exceptional potential

with this 3700m² parcel of land, strategically located in the heart of Ferragudo, offering a rare opportunity to develop five high-end detached villas. This prime location provides the perfect balance of tranquil residential living and immediate access to the vibrant charm of Ferragudo and the wider Algarve region. Ferragudo & Surrounding Area:
Authentic Charm: Immerse yourself in the picturesque beauty of Ferragudo, a traditional fishing village renowned for its whitewashed architecture, scenic harbor, and acclaimed dining scene. Proximity to Portimão: Enjoy the convenience of nearby Portimão, the Algarve's second-largest city, offering comprehensive amenities including beaches, nightlife, shopping, healthcare, and educational facilities. Development Potential: The land has been previously approved for a project consisting of 4 semi-detached villas and 1 detached villa. Each villa would be a T3 property of 2 storeys with a pool and two parking places. Each villa will have 266m2 total construction area and be implanted on 5 individual plots of 432 to 608m2 If building 5 villas is not what you are looking for, alternative development options are possible. In fact the City has already approved the following: - Permitted Uses: Habitation, Retail, Services, Industrial and Tourism - Density: Maximum 20 units/hectare (7 dwellings) - Construction Coefficient: 0.36 (1,332m2) - Implantation Coefficient: 0.25 (925m2) - Maximum building storeys: 2 Market Analysis: Recent real estate transactions in Ferragudo indicate strong demand for high-quality villas, with 3-bedroom properties selling between 850,000 and 1,450,000. Based on the property's prime location, proposed amenities and premium finishes, projected sales prices are estimated at 1,150,000 per villa. Financial Projections: Assuming an average construction cost of 1,600/m2, connectivity cost of 400,000 and a construction period of 18 months, this represents a potential return on investment of approximately 1.525,000 (or an annualized cash return of 25%). Investment Highlights: Prime central Ferragudo location. Potential for significant return on investment. Strong market demand for luxury villas in the region. Opportunity to create a prestigious residential development. Contact us to learn more about this exceptional investment opportunity. #ref: 138690 Energy Rating: Exempt - 138690 - IAD PORTUGAL

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Details

  • Beds: 0
  • Baths: 0
  • Price: €900,000
  • Internal Reference No.: 99479957
  • Area: 1,332 m2

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  • IAD PORTUGAL
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