
Estômbar e Parchal, Lagoa
Estômbar e Parchal, Lagoa
€1,167,650
This fully licensed project consists of nine luxury apartments, each with a private pool and outdoor space. It combines the privacy and comfort typical of a villa with the practicality and convenience of apartment living — a rare opportunity to acquire a turnkey residence near the sea. The project includes over 1,100 m² of approved construction area, with a combination of 2-bedroom, 3-bedroom and 4-bedroom apartments. Each unit has been carefully designed to maximize natural light entry, with openings in multiple directions, flexible layouts and private outdoor spaces. The upper floors offer sea views, while all units reflect a fusion of contemporary design and subtle local elements. Amenities include private underground parking, common garage area and elevator with access to all floors. Each apartment has direct or semi-private entrance, providing an exclusive and reserved living experience. The units are ideal as a primary residence, holiday home or premium investment for rental. Located in a consolidated and highly sought-after area, with extremely limited supply for new construction, the project responds to a clear market need. Furthermore, it benefits from a reduced VAT rate of just 6% on construction, thanks to its classification in an urban rehabilitation zone (ARU), significantly increasing its financial appeal. Project financial data – Investment and return Total investment (including VAT, where applicable): €3,628,650 Distributed as follows: €1,167,650 for land acquisition and project €6,000 in legal fees €70,000 in architecture and engineering fees (including execution project) €225,000 in financing costs (interest and bank commissions, considering 24 months duration) €2,160,000 in turnkey construction costs (approximately 1,200 m² at €1,750/m², high standard) Financing structure: Bank financing (approximately 70% of land and construction costs): €2,329,355 Own capital required: €1,299,295 Estimated sale value: €4,750,000 (based on 950 m² of sellable area at €5,000/m², already deducting commissions and legal expenses) Estimated net profit: €1,121,350 Return on equity (ROI): 86.3% This project represents not only a distinctive residential proposal, but also an investment opportunity with solid fundamentals, in a mature market with strong demand.
