Algarve, Lagos, Portugal
- PROPERTY TYPE
Land
- SIZE
7,050 sq ft
655 sq m
Key features
- Total area: 655 sqm
- House area: 524 sqm
Description
Located in a very quiet area but yet only a few steps away from the beach, shops, restaurant and Padel club, this plot represent an excellent investment opportunity, either to build a large family villa or a 4 or 6 apartments building. Let's schedule a visit !
Investment Considerations:
Land Purchase: € 485 000 (€ 933/m² buildable)
Property Transfer Tax (IMT) + Stamp duty + Legal and Notary fees: ~ € 36 000 to € 42 000
Estimated Construction Cost: € 1M – € 1.5M (6 apartments + swimming pool)
Start to Finish Estimated Times: 24 to 36 Months
Projected Rental Income per Apartment: € 25 000 – € 35 000 per year*
Estimated Resale Price per Apartment: € 430 000 – € 600 000*
Total Estimated Resale : € 2.7M to € 3.4M
Unlevered Average ROI : ~ 72% - Levered Average ROI (60% LTV): ~ 180% (over 30 Months)
*Depending on floor and finishes and based on comparable products in Praia da Luz
Disclaimer: The financial figures presented in this document are for reference purposes only and do not constitute a guarantee of future performance. Each investment opportunity requires thorough due diligence and independent evaluation by qualified financial and legal professionals before any commitments are made. The decision to invest should be based on a comprehensive assessment of risks, market conditions, and project viability
REF: E122
Algarve, Lagos, Portugal
NEAREST AIRPORTS
Distances are straight line measurements- Faro(International)40.2 miles
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Notes
This is a property advertisement provided and maintained by Elyseeum, Faro (reference 284882_E122) and does not constitute property particulars. Whilst we require advertisers to act with best practice and provide accurate information, we can only publish advertisements in good faith and have not verified any claims or statements or inspected any of the properties, locations or opportunities promoted. Rightmove does not own or control and is not responsible for the properties, opportunities, website content, products or services provided or promoted by third parties and makes no warranties or representations as to the accuracy, completeness, legality, performance or suitability of any of the foregoing. We therefore accept no liability arising from any reliance made by any reader or person to whom this information is made available to. You must perform your own research and seek independent professional advice before making any decision to purchase or invest in overseas property.