Building Plot for sale in Pego, Alicante

A consolidated urban plot of 124 m² located next to the Plaça del Mercat, in one of the most sought-after and consolidated areas of Pego’s urban centre.

With a façade facing Sant Ferran street and nearly full plot occupancy, this property allows for the development of a residential promotion following the traditional typology of the surroundings: ground floor + two floors + setback penthouse.

The theoretical buildability reaches approximately 372 m² constructed. Subtracting courtyards, stairs, installations, and urban adjustments, the reasonable sellable area is between 320 and 360 m².

Where is the opportunity
In that the plot is currently offered for just €75,000, implying approximately €202/m² theoretical buildable.

Analysis for investors
Conservative scenario:
- Plot: €75,000
- Estimated construction: €1,100/m²
- Sellable area: 340 m²
- Approximate construction cost: €374,000
- Technical expenses, licenses, and marketing: €70,000
- Estimated total investment: €519,000

Recommended product:
- Garage and storage rooms on the ground floor
- Apartment on the first floor
- Apartment on the second floor
- Setback duplex penthouse

If the finished homes are marketed at a conservative average of €1,900/m²:
- Estimated selling price: €646,000
- Estimated gross profit: €127,000
- Approximate margin: 24.5%

This means that it exceeds the minimum margin of 15% required for a professional real estate investment.