4,000 sqm prime land, in exclusive residential area, ideal for development of six houses.
4,000 sqm
Residential
Forested, hilly
"Intravilan" - intended for construction, whether for residential, commercial, or industrial purposes.
Current land designated for building individual homes or duplexes in newly developed or expanded sections of a town.
Land Parcel #106578+106577All utilities are at the entrance of the property, including gas, water, sewage, and electricity. Road frontage is very wide, and aprox. 60 meters
Freehold
The PUG (General Urban Plan) needs to be updated and planned to be updated in the upcoming months
€110 price per sqm.
Plots like this are rarely available for sale in this area, as most have already been developed for housing. Current market trends indicate a growing demand for residential properties, particularly for new developments. Properties in this region, including a 200 sqm house on a 1000 sqm plot, are typically priced at around €450,000, reflecting the area’s increasing property values.
This 4000 sqm plot could accommodate approximately 5 to 6 houses, presenting an excellent opportunity for investment in a market poised for continued growth. With the local infrastructure improving and amenities expanding, this location is becoming increasingly attractive to potential buyers.
This residential development offers a strong investment opportunity, featuring six 500 sqm plots with 180 sqm houses. The total land cost is €440,000, with additional infrastructure costs of €100,000. Construction costs for each house, at €800 per sqm, total €136,000. With a projected sale price of €1,850 per sqm, each house is expected to sell for €333,000, generating total revenue of €1,998,000. The total investment of €1,356,000 results in an estimated profit of €642,000, yielding an impressive ROI of 47.4%.
The 4000 sqm plot offers various potential development opportunities, primarily focused on residential housing. Given the local demand for housing, the most viable option would be to subdivide the land into smaller plots for the construction of six 180 sqm houses on 500 sqm each. This would not only meet the growing need for quality residential properties in the area but also maximize the return on investment.
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The land has previously been used for agricultural purposes, primarily as grazing ground for cattle and the cultivation of apple trees.
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