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Large Plot of Land For Sale in Loulé with Approved Project

In Loulé, Loulé

loule property for sale,algarve real estate,portugal property,investment project

  • 1412.82 m2
159.000 €
Recently Reduced

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Large Plot of Land For Sale in Loulé with Approved Project

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Large Plot of Land For Sale in Loulé with Approved Project

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Large Plot of Land For Sale in Loulé with Approved Project

Description

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Land for sale in Loulé

A good sized plot of land for sale in Loulé in the quiet and residential development Quinta do Barrocoso. One of the best plots still remaining, it comes with an existing project that has already been approved for construction.


Offering a total of 1,412m2, the project will allow construction of up to 358m2, including a basement, plus a swimming pool. It is the largest of sixteen plots and is located in a cul de sac where you will be able to enjoy unobstructed views from three sides of the property.


As there is an approved project in place, you can start construction immediately or you can put together a tailor-made residence, enabling you to add your own personal style and taste to the architecture.


If you want to relocate to the Algarve or own a holiday home in the sun, you couldn’t be better located. Situated just twenty minutes from Faro airport, access to and from the property is smooth, the Algarve’s latest shopping centre, Mar Shopping, is just ten minutes away and here you will find an Ikea store, Leroy Merlin complex, designer outlet, cinema, food court and more.


Additionally, the prestigious Quinta do Lago, Vale do Labo and Vilamoura are a fifteen to twenty minute drive away and stunning, golden beaches are approximately the same. On top of this, there are a large variety of food and hardware stores just a two minute walk away and the largest hypermarket is approximately three minutes by car.


Loulé is the largest municipality in Central Algarve, highlighting festive summer nights such as the Noite Branca (White Night) enjoyed by both locals and tourists, all wearing white, converge on the streets, where a dazzling display of music, dance and traditional foods await. Transformed into a busy commercial centre, and an attractive old quarter and Moorish castle ruins, with history dating back to Roman settlements.


Mortgage Simulation - Over 20 Years
Property Value - 159,000€
30% Down Payment - 47,700€
Principal - 111,300€
Interest - 1.2%
Payment p/month - 521.85€


Mortgage Simulation - Over 30 Years
Property Value - 159,000€
30% Down Payment - 47,700€
Principal - 111,300€
Interest - 1.2%
Payment p/month - 368.30€


 

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Advantages of Buying & Living in Portugal

Buying 

Ideal Homes Mortgage Department provides free brokerage consulting and can help you arrange up to 80% financing for your property purchase, at competitive rates. Depending on your circumstances you may also qualify for new residency and tax incentives, learn more here

 

Living 

 1. Over 300 days of sunshine per year
 2. International airport with cheap & easy flights to the UK & Ireland - Over 90 a day in high season
 3. High quality construction and best rising property values in Europe  
 4. Option to enjoy a holiday home and have rental returns as high as 14%
 5. Great residency programs and tax advantages
 6. Beautiful beaches and islands 
 7. Fabulous cuisine, with one of the world's largest selections of wine and seafood  
 8. Award winning golf courses, watersports and a never ending list of activities 
 9. Low cost of living with fantastic quality of life and rich culture 
10. One of the world's safest places to live

 

More Info... 

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Property Details

  • Reference IDH31982
  • Type Land
  • House area 358 m2
  • Land area 1412.82 m2
  • Zone Loulé
  • Region Faro
  • Features:
  • Garden
  • Surrounding View
  • Central location
  • Walk to Amenities
  • Near Markets
  • Near Medical Facilities
  • Contemporary Architecture
  • Near Beach
  • Near Shopping
  • Private Parking