Development land – Loule, Faro, Portugal
- Land area4,875 m²
This plot of 4875 m² is for sale in Corgo, Sta Luzia(Loulé). This land has a old house ready to be refurbished with views plus an agricultural plot next to it. Construction of 300 m² is permitted + 20% (60 m² covered terraces) + pool and surrounding walls. The land has water and sewerage (public) and a tarred road. Rural tourism construction is permitted up to 2.000 m². There are stunning mountain and sea views, if you are interested in building a home in the Algarve, this plot of land will be able to provide you with the base and we are able to recommend highly professional builders and architects who can help bring your dream to life. Situated approximately 700m from the Loulé Sports Arena, what more could you ask for. Loulé is the largest municipality in Central Algarve and is the perfect place to enjoy festive summer nights such as the Noite Branca (White Night) and the famous annual Carnival. Contact us for more information on the land and project. Mortgage Simulation-duration/ period — 30 years/ 360 months Purchase Price: 525,000€ Deposit/ Down Payment: 210,000€ (40%) Finance/ Mortgage Amount: 315,000€ (60%) Interest Rate: 0.9% Monthly Payment: 998.76 € Mortgage Simulation-duration/ period — 40 years/ 480 months Purchase Price: 525,000€ Deposit/ Down Payment: 210,000€ (40%) Finance/ Mortgage Amount: 315,000€ (60%) Interest Rate: 0.9% Monthly Payment: 781.69€
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