Full Description

This property is a BANK REPOSSESSION hence the bargain price of ONLY 185,000euros, that's just £144,531 excluding the 3% legal notary fees, land registry fees, solicitors fees & 7% Spanish tax (IVA). This particular property does need some minor work carried out including interior and exterior painting, a potential buyer may also choose to change the bathrooms and kitchen, although this is not essential. Other properties exactly the same are selling for 250,000euros upwards, so this indeed is a genuine bargain !

The property..... Is a large second line golf 190m2 build property set on a 153m2 plot. It comprises of 3 bedrooms 2 bathrooms situated in a very peaceful cul-de-sac within the highly sought after "Sevilla" area of Villamartin. The property comprises of ground floor: Entrance hallway, kitchen, large lounge/dining room leading to covered balcony with barbecue. Two bedrooms and full bathroom. Upstairs the property has the master bedroom with en-suite and access to the very private roof terrace. The property has private garden to the front and the rear of the property. Underneath the property with an independent access is a studio apartment which can easily be converted into a one bedroom apartment. To the rear of the property is the large communal pool set amongst lush gardens and palm trees. The photos do not show the full potential of this fabulous property and we strongly advise viewing.

The Location..... La Zenia & Villamartin a very popular location for people of all ages and young families, situated just 10 minutes from the town of San Miguel de Salinas and only 5 minutes drive to the beautiful blue flag beaches of La Zenia. The property is conveniently located close to three challenging 18 hole golf courses, less than five minutes away also. Facilities are in abundance here with many shops, bars, restaurants to enjoy all within easy walking distance. The property offers excellent rental potential for those looking to gain an extra income and can easily be reached from Alicante airport in 30 minutes or San Javier International airport in 25 minutes. An ideal peaceful location yet close to all amenites so an ideal home for all year living in stunning surroundings.

The Price.....  the base price of this property is only 185,000euros excluding your 7% taxes and 3% closing costs
 
The breakdown of costs.....
Property base price 185,000euros
IVA (Spanish property tax applied to all property sales) 12,950euros
Legal fees, notary fees, land registry fees, mortgage set up fees 5,550euros
Total fully inclusive cost of this property for a cash purchase is 203,500euros which is around £158,984

Additional yearly costs.....
Community fees of 900euros
IBI or Suma (Same as UK Council tax) of 300euros

Mortgage Facilities..... Sure, no problem on this property we can arrange a mortgage of 148,000euros if needed, but you do need to be able to pay the 10% deposit in order to remove the property from sale, the property can not be held with a lesser deposit.
 
Additional information..... Repossessions are absolutely non negotiable in price as they are already way under market value. To proceed a 10% deposit is needed and the sale completing within 30 days.

All our Bank Repossessions are sold FREE of all Debts, should there be any, so you can be confident that you really are getting a bargain.