Townhouse for sale in Gaucín, Málaga

An excellent opportunity to acquire two adjoining village properties together with a small adjoining parcel of land, ideally positioned on the sought-after Calle Cañamaque in the heart of Gaucín.

The combined site extends to approximately 222 m² and comprises two existing houses located on Plots 116 and 118, plus a further small plot of 40 m².

The existing buildings are in a dilapidated condition (although one house is partially habitable) and are considered suitable for demolition, creating an outstanding opportunity for a new residential development.

House 116
- Total plot size: 148 m²
- Max build: 190 m²
- 2 storeys + roof terrace

House 118
- Total plot size: 74 m²
- Max build: 118 m²
- Over 2 storeys + roof terrace

Shared garden with pool, or a small private garden for each property.

Flexible development potential
Under the current planning regulations of Gaucín Town Hall, the two plots cannot legally be amalgamated into a single building plot. However, this creates an attractive opportunity to develop two independent properties, making the site particularly appealing for developers seeking to maximise both rental income and resale value.

Potential development options include:
- Four boutique holiday apartments across the two plots, with a shared landscaped courtyard, terrace, and swimming pool.
- A private residence and a separate investment property, allowing the owner to live in one home while generating income from holiday or long-term rentals.
- Two contemporary village houses, retaining one as a private residence and selling the second to recover development costs and generate profit.
- Two luxury homes for resale, targeting the growing demand for high-quality village properties in Gaucín.

Construction costs
As a guide, current construction costs are estimated from €1,500 per m², plus architectural fees, planning permissions, licences, and applicable taxes.

Once constructed, there would be sea and mountain views from the upper floors.