Full Description

Sadly other people´s misfortune has become your gain, ready for the taking, if you choose. This property was previously sold however our clients can not move forward with the property so it is back on the market at the bargain price of ONLY 89,850euros, that's just £67,824 excluding the 3% legal notary fees, land registry fees, solicitors fees & 7% Spanish tax (IVA). Others the very same are selling for 115,000euros.   

The property..... is a 71sqm build 2 bedroom 1 bathroom penthouse apartment with private roof solarium, the property is brand new and will include all new furniture and kitchen appliances, if you wish air conditioning can be installed for 400euros extra per unit. The small development has a fantastic communal swimming pool and planted gardens where you can sit in either the shade or the sun whilst relaxing and unwinding

The Location..... Algorfa is a Spanish village around 10 minutes drive from the coastal Town of Guardamar and also 10 minutes from the larger city of Orihuela. The village has all amenities on hand such as bars, restaurants, banks, medical centre, church square, shops and of course the local market !  The city of Murcia is just 20 minutes by car where you can explore the history of this fantastic city and also enjoy the largest shopping centre in Europe ! Algorfa can be easily reach from both Alicante and San Javier International airports in around 30 minutes and there is also excellent access to the nearby AP7 motorway travelling north to Valencia and South to Malaga. From the city of Orihuela you can catch the train for trips to Madrid, Alicante, Valencia and Cartagena, so all in the communications connecting the region are truly first class.  Algorfa is a 10 minutes drive away from the nearest blue flag beaches of Guardamar and it is conveniently located close to five challenging 18 hole golf courses, the nearest being in Algorfa and less than 5 minutes drive away.

The Price..... ? this property was 104,900euros, however we have secured an exclusive selling price of just 89,850euros, that´s a saving of 15,150euros, excluding your 7% taxes and 3% closing costs The total fully inclusive cost of this property including all charges and taxes is just 98,835euros around £74,000

The breakdown of costs.....? 

Property base price 89,850euros IVA (Spanish property tax applied to all property sales) 6,289euros Legal fees, notary fees, land registry fees, mortgage set up fees, 2,695euros Total fully inclusive cost of this property 98,835euros

Additional yearly costs.....?

Community fees of 200euros IBI or Suma (Same as UK Council tax) of 200euros

Mortgage Facilities..... Sure, no problem on this property we can arrange a mortgage of around 72,000euros if needed, so you would need a minimum deposit of 26,835euros, around £20,000 to proceed. Over 25 years this will cost you 422euros per month. The mortgage rate for this week is 5.2%  and this quote is based on a borrowed amount of 72,000euros over 25 years.