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A plot of land for sale in Monchique , with a approved project being built

In Monchique, Monchique

Land for sale in Faro ,Algarve building plot for sale ,Portugal real estate

  • 2
  • 1
  • 100 m2
325.000 €

Description

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Villa for sale in Monchique

This villa will be built in the middle of a 3320m2 plot of land which is for sale in Monchique. This plot has an approved construction project for a 100m2 and is in a lovely and secluded area.


The construction of the house will be with natural material such as wood and cork, instead of the usual bricks.Materials from Belgium and France will be used.


The villa will consist of 2 bedrooms, kitchen, dining room, living room, 2 bathrooms, dressing room and a terrace.The house will have electricity that already exists on the land, solar panels, and a fireplace installation and will also have a connection to natural gas(which does not yet exist in this area).


The terrace may be closed by the new owners if they wish, for now it will be sold this way.


This is a unique, ecological and innovative design.


Further down the land there is also a wooden house, the land has water, which is very advantageous for irrigation as there are many fruit trees: oranges, plums, pears, avocados, apples etc.


At the top of the land there is a water tank and this tank can be extended to make a pool, from this area there is a fantastic sea view.


This plot of land is surrounded by nature making it ideal for those looking to live in the the Portuguese countryside.


Located just 15 minutes away from the picturesque market town of Monchique, it provides an escape from the busier and more touristy areas of the Algarve and has a number of historic attractions to visit. 15 minutes walk outside the centre of the town brings you to the ruined monastery of Nossa Senhora do Desterro which was destroyed by an earthquake in 1755. There are also two churches to visit, one of which contains some of the 17th century artwork rescued from the ruined monastery.


For those also looking to experience the beaches and resorts that the Algarve is famous for, the lovely town of Alvor is only half an hour away and boats a long open beach, rolling sand dunes and a variety of restaurants.


Mortgage simulation:

Purchase Price - 325 000€                                 Purchase Price - 325 000€
Deposit / Down Payment - 65 000€ (20%)          Deposit / Down Payment - 65 000€ (20%)
Finance Amount - 260 000€                               Finance Amount - 260 000€
Interest Rate - 0.873%                                      Interest Rate - 0.873%
Term / Period - 30 years / 360 months                Term / Period - 40 years / 480 months
Monthly Payments - 821.18€                              Monthly Payments - 641.93€


 

 

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Property Details

  • Reference IDH31918
  • Type Villa
  • Certification A+
  • Bedroom(s) 2
  • Bathroom(s) 1
  • House area 100 m2
  • Land area 3320 m2
  • Zone Monchique
  • Region Faro
  • Features:
  • Fruit Trees
  • Water Fountain
  • River
  • Borehole
  • Cisterna
  • Vegetable Garden
  • Mountain View
  • Ocean View
  • Surrounding View
  • Uninterrupted Views
  • Uninterrupted Views

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