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Calle Julio Álvarez 1.26 Acres of Residential Land Offered at $693,802 in Villanueva de Perales, Madrid 28609
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Investment Highlights
- Several combined plots
- In a consolidated residential area
Executive Summary
The set of 17 resulting plots, fully owned by Coral Homes, is being marketed in the UE5 Sector of Villanueva de Perales (Madrid). The area, covering 6,323 m² of land classified as unconsolidated urban land, is primarily designated for row-style single-family residential use, with a total buildable area of 3,150 m² for 16 semi-detached homes.
The urban planning has been approved through a revision of the NNSS and a Detailed Study, incorporating all necessary provisions for its development. The Reparceling Project has been registered since April 2008, and municipal transfers were finalized and certified in May 2023. The applicable regulations allow for semi-detached housing with a minimum plot size of 250 m², a minimum frontage of 6 meters, a maximum occupancy of 50%, a buildable area of 0.7 m²/m², and required setbacks. Additionally, basements and semi-basements are permitted, and one parking space per home is mandatory.
Its location in the Southwest Corridor of Madrid, boosted by the future Southwest Highway, enhances its appeal and offers promising prospects for appreciation. This is an excellent opportunity targeted at developers and industry professionals.
The urban planning has been approved through a revision of the NNSS and a Detailed Study, incorporating all necessary provisions for its development. The Reparceling Project has been registered since April 2008, and municipal transfers were finalized and certified in May 2023. The applicable regulations allow for semi-detached housing with a minimum plot size of 250 m², a minimum frontage of 6 meters, a maximum occupancy of 50%, a buildable area of 0.7 m²/m², and required setbacks. Additionally, basements and semi-basements are permitted, and one parking space per home is mandatory.
Its location in the Southwest Corridor of Madrid, boosted by the future Southwest Highway, enhances its appeal and offers promising prospects for appreciation. This is an excellent opportunity targeted at developers and industry professionals.
Property Facts
| Price | $693,802 | Property Type | Land |
| Sale Type | Investment | Property Subtype | Residential |
| No. Lots | 1 | Total Lot Size | 1.26 AC |
| Price | $693,802 |
| Sale Type | Investment |
| No. Lots | 1 |
| Property Type | Land |
| Property Subtype | Residential |
| Total Lot Size | 1.26 AC |
1 Lot Available
Lot
| Price | $693,802 | Lot Size | 1.26 AC |
| Price Per AC | $548,812.84 |
| Price | $693,802 |
| Price Per AC | $548,812.84 |
| Lot Size | 1.26 AC |
Set of 17 plots for majority residential use. A maximum of 16 homes can be accommodated. It is located in a residential area where there are all kinds of services. Close to the main M-523 road. 650m from the Villanueva De Perales Town Hall
Description
Set of 17 plots for majority residential use. A maximum of 16 homes can be accommodated. It is located in a residential area where there are all kinds of services. Close to the main M-523 road. 650m from the Villanueva De Perales Town Hall and close to shopping areas, restaurants and green areas.
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Calle Julio Álvarez
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