Calle Julio Álvarez 1.26 Acres of Residential Land Offered at $695,515 in Villanueva de Perales, Madrid 28609

The set of 17 resulting plots, fully owned by Coral Homes, is being marketed in Sector UE5 of Villanueva de Perales (Madrid). The area, with a surface of 6,323 m² and 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 NNSS and a Detailed Study, incorporating all necessary provisions for its development. The Reparcelation 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 prospects for appreciation. This is an opportunity targeted at developers and professionals in the sector.