Algarve, Ferragudo, Portugal
- PROPERTY TYPE
Land
- SIZE
39,826 sq ft
3,700 sq m
Description
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
Algarve, Ferragudo, Portugal
NEAREST AIRPORTS
Distances are straight line measurements- Faro(International)31.8 miles
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Notes
This is a property advertisement provided and maintained by IAD, Porto (reference 138690) 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.