$551,176

Building Plot for 12 Houses, Paderne, Albufeira

  • 25,769 Sqft
  • 1.6 Ac lot
  • Updated: November 13

About the Property

A plot of land measuring 6,440 m² situated in a quiet area with scattered development on the outskirts of Paderne, in the municipality of Albufeira.

An investment opportunity in the Algarve, with a previously approved planning application for the construction of 12 three-bedroom semi-detached houses, which has since lapsed.
The owner recently submitted a Request for Preliminary Inform
A plot of land measuring 6,440 m² situated in a quiet area with scattered development on the outskirts of Paderne, in the municipality of Albufeira.

An investment opportunity in the Algarve, with a previously approved planning application for the construction of 12 three-bedroom semi-detached houses, which has since lapsed.
The owner recently submitted a Request for Preliminary Information (PIP) to Albufeira Municipal Council, which has since been approved, confirming the planning feasibility of the development and reinforcing the security and appeal of this investment opportunity.

The plot has good access and all essential infrastructure, including electricity, mains water and sewerage.

The project envisaged the construction of 12 semi-detached houses spread over two storeys, with a total built area of 2,394.2 m² and a site area of 1,253.4 m², complemented by gardens and private outdoor areas.

The houses were designed to offer comfort and functionality, including on the ground floor an entrance hall, living room, kitchen, pantry, utility room, toilet and parking with direct access to the property, as well as small front and rear courtyards. The first floor was planned to have three bedrooms, one of which is an en-suite with a dressing area, two bathrooms and balconies off all bedrooms.

Located next to the traditional Algarve village of Paderne, where you’ll find shops selling everyday essentials, restaurants, schools, a chemist, a bank, a health centre and public transport. Just 15 minutes from Albufeira and the beautiful beaches of the Algarve.

Open to a swap for a house, subject to a price adjustment.
Energy Rating: Exempt
#ref:LV-07 (PR-065)
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  • Property type

    Land

  • Price/sqft

    $21

  • Emissions

    NI

  • Consumption

    X

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Novusmed - Mediação Imobiliária, Lda

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Novusmed - Mediação Imobiliária, Lda
Faro, Portugal
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40
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2023
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Novusmed - Mediação Imobiliária, Lda
Novusmed - Mediação Imobiliária, Lda
Alameda da Orada, Galeria comercial da Orada, Loja n.º 10, Orada (Marina de Albufeira) 8200-394 Albufeira Portugal, 8200-394, Albufeira e Olhos de Água, Faro, Portugal
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”We are an experienced, dynamic and deeply knowledgeable team in the Algarve real estate market. We are in a positi
”We are an experienced, dynamic and deeply knowledgeable team in the Algarve real estate market. We are in a position to provide the best real estate services supported by excellent professional technological means”
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Last updated
November 13
First listed
May 16
Listing reference
LV-07 (PR-065)-0518348409
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