Private Introduction · Portugal
Land in Lagos (68273)
Plot in Lagos — €800,000.
- Price
- From EUR 800K
Introduction
Plot of land, 6,296 ha, with warehouse, 192 sqm (construction gross area), in Lagos, Algarve. The land has some fruit trees and a warehouse with electricity and a borehole. Twelve plots of land are to be allocated for construction on this land according to the PDM (Municipal Master Plan - strategic framework for the territorial development of the municipality) of the Lagos City Council.Lagos is a city in the Algarve region in the south of Portugal. It is known for its cliffs and Atlantic beaches. Steep wooden steps lead to the sandy cove of Camilo beach. The cliffs of Ponta da Piedade, in the vicinity, offer magnificent views over the promontory and a lighthouse. It is located in a quiet area, 7-minute driving distance from the Lagos coach station, 10 minutes from the Municipal Market and the Lagos Railway Station, 15 minutes from Colégio Luz São Gonçalo, 15 minutes from Portimão, 45 minutes from Faro Airport, and two and a half hours from Lisbon and from Seville Airport.
Why This Opportunity
Prime Faro location
Located in Lagos, Faro, Portugal — a sought-after part of the market.
Priced at €800,000
On the market at €800,000.
Studio homes
Layout up to 192 m².
~5% estimated gross yield
Estimated 6% annual capital growth for Faro (market-level estimate).
The Area
Where it is
Getting around
Faro Airport (FAO)
Main international airport of the Algarve, reached along the A22 motorway. [~90 km / 1 h]
A22 Via do Infante
Western end of the Algarve motorway, giving fast access east to Faro. [~5 min]
Lagos Railway Station
Western terminus of the Linha do Algarve regional railway. [In town, ~1 km from centre]
Nearby
Meia Praia
Four-kilometre golden sweep of sand east of the marina. [~2 km / 5 min]
Ponta da Piedade & Praia Dona Ana
Iconic golden cliffs, grottoes and sheltered coves. [~2-3 km / 10 min]
Marina de Lagos
Award-winning marina beside the historic centre. [In town]
Lagos Old Town
Walled historic centre with the Ponta da Bandeira fort and cobbled lanes. [In town]
Schools
Vale Verde International School
Cambridge Primary and Secondary pathway to IGCSE and A Levels, ages 5-18, Montinhos de Luz (Burgau). [~10 km / 15 min]
Barlavento International Primary School
British curriculum primary education in English, ages 5-11, Espiche (Luz). [~7 km / 12 min]
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