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Jimena Reform Investment

Jimena Reform Family Home

Reform into 2 properties

This is a large village terraced house that can be accessed via 2 different streets. Interestingly, the upper part is accessed both by the front door, leading through the house and exiting at the first floor or from the back lane to ascend the exterior staircase to the third floor and can easily be converted into a 2 bed 1 bath or open planned loft style studio which could look amazing. The downstairs has a sitting room, kitchen, 3 bedrooms and a shower room. There is a room which you walk through to get to another bedroom which was a bedroom originally. It may make more sense to convert this space into a bedroom with shower room and walk in wardrobe.

Large Family Home

Unify the third floor with the other 2 floors and you have a lovely, large family home. There is a tiny inner courtyard that offers natural light on the ground floor at the back of the house. You can look down on this area from the first floor exterior patio. The inner natural light could be kept with glass bricks for example and adding a supporting beam this would create a first floor terrace for meals and sunbathing. As mentioned, the third floor could be incorporated into the main building and it would convert the home into an inviting four bed 3 bath which could be marketed for around 250 – 300,000 € depending on how it was done and the finishings used.

Very Interesting Investment

At present this property can be bought for only 80,000€. Spend the same again and you have an investment that has created extra value and equity in the property. This can be kept as a large family home of split into two separate houses; one a starter home and the other a modest family home for a young family. The best views are from the loft area.

Upper Zone Jimena de la Frontera

Jimena DLF is a small town of approximately 10,000 inhabitants in the village itself and a further 3,000 in outlying districts. There is a huge amount of history – from Neolithic, Romans, Moors, Christians and the present day population of largely Spanish and some 10% non Spanish from Rumania, Britain, Morocco and Northern Europe for the main part. A happy and welcoming community with historic castle and wonderful rambling routes through the Los Alcornocales Natural Park and along the river Hozgarganta – one of the 2 main arterial rivers in this part of Andalusia.

View the property and find a way for your savings to make money for you!

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San Felipe La Linea

San Felipe La Linea 3 bed 2 bath

Property now sold

La Linea San Felipe 3 bed 2 bath Close to Border

A great opportunity to buy a well located apartment with parking. This 3 bed 2 bath was once a 4 bed but the previous owners changed a bedroom into a dining room making it a much more comfortable property. The sitting room has an area with a bureau used as a study zone and it also benefits from Sevilla tiles in a bay window area and views straight across to Gibraltar and beyond.

Layout of the Apartment

The front door opens into a passage way with kitchen, 2 bedrooms, full bathroom and dining room to the right and third bedroom, shower room and sitting room straight ahead. Imagine a horse shoe shape and it is easier to visualise. All rooms are exterior with natural light except for the bathrooms. One of the 3 bedrooms is currently used as a store room, This room is a double, as is the one next to it, both of which share the full bathroom adjacent to them. The third bedroom could take a 110 cm bed but is best described as a single.

Location

It is literally a stone’s throw from the border with Gibraltar. As such, it is ideal for those of you who work there or have business there which necessitates frequent visits. It is in such a fine location that it may also interest you as an investment for your Rentals Portfolio. Naturally, being so near the airport it will always attract people looking to stay overnight or a few days, tops. AirBnB, Booking.com and Trip Adviser are still buoyant despite the pandemic. In truth, business sets its own pulse. Equally and for the same business pragmatism, it is attractive as a long term let option for your portfolio. Take a look at hotels in La Linea close to Gibraltar to see their popularity. This property is attractive to let either on a shared house basis or the whole apartment. In addition, the communal areas are well maintained. The town centre is ten minutes away, the bus station 5 minutes away, post office and banks are all close by.

Right to Parking Bay in Garage

This property has a parking bay in the basement area of the building. It is bay No. 41. All car owners who live here are not lucky enough to have dedicated parking. A lottery was held and owners allocated bays if their number was chosen. This is a private contract with the community of owners which is assigned on sale of the property. The cost is 45 EUR per month. This is such a great feature.

Costs

The Council Tax is around 450 EUR per year and community of owners fees are low. This is a singular opportunity. Contact us to view now. Oh and did we mention the owner bought it for much more?

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Perfect Holiday Home

Costalita II Cancelada Bank Repossession

Perfect Holiday Home

Splendid 2 bed 2 bath apartment with views of Gibraltar in the much sought after urbanisation Costalita II 1 km from Estepona beach front. Priced to sell at 255,000€. Spacious ground floor property of 2 bedrooms and 2 bathrooms, one ensuite. Large separate kitchen which connects to the large sitting room through a serving hatch. The property is 110 m2. In addition, the property has fitted wardrobes and air conditioning. You also have a separate, private, storage facility for garden furniture, bikes etc. The development was constructed in 2003. It has the added bonus of hedges around the private garden making it feel self contained despite all the benefits of a maintained urbanisation.  Another plus, is that this area has a fantastic reputation on booking.com! A quick search COSTALITA 2 or COSTALITA II shows fully booked from April onwards.  The proximity to the beach and golf are marvellous incentives.

Location Near Estepona Beach

The urbanisation is on the eastern fringes of the municipality of Estepona, in Cancelada, Estepona. This is where the Estepona Golden Mile joins the Marbella Golden Mile. It is also near to all the amenities people look for on holiday. Supermarkets, restaurants etc.  In addition it’s not far from some of the famous hillside white villages. Including Casares – birth place of the famous Blas Infante which is half an hour away. The development itself is a safe, closed community. There are 2 gorgeous swimming pools and beautiful communal gardens to walk around at your leisure. The grounds and pool are maintained to a high standard, and it works out much cheaper than a villa’s maintenance costs for example. Plus, do not forget the added bonus of the private, hedged, garden where you can have barbecues, sun bathe on loungers or just sit at the table and enjoy al fresco living. After all, this is the Costa del Sol!

It is a small quiet complex set amongst tropical gardens with Pool and play area. Choice of beaches within 1km. The 6* Villa Paderena Hotel and world famous Flamingos golf club are 200 yds away. The 4* Occidental Estepona Thalasso & Spa hotel is adjacent to the complex. Large choice of Supermarkets and restaurants within walking distance. Puerto Banus is 6km, San Pedro 4km, Marbella 10km, and the old Spanish town of Estepona is 10km.
Underground parking and storage in the garage. Beautiful sub tropical gardens with water features and a dazzling swimming pool (including a small pool for young children, child’s swing and play area ), all completely enclosed.

You can walk to the beach in 20 minutes, the shops and restaurants in 10.

Investment – Year round rentals

The grounds are impecccably maintained and the outdoor pools are an added option if you don’t fancy a (very) short walk to the beach. There are several choices available if interested in this property. You can buy it to live in year round or just for holidays and with an eye on the short term rentals market to cover community of owners fees and your own holidays anywhere in the world! You could also offer it for long term rentals, but it is such a popular setting that it would be a shame not to maximise your own use of this wonderful ground floor apartment with private garden.

Preferential Financial Terms

This bank repossession has great opportunities to get up to a 100% mortgage – depending on if it will be your permanent home and on your own personal circumstances.

Community of Owners Fees TBC.

Hurry. This is already attracting interest.

Enough said. For only 255,000€ you have a very solid investment.

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Villa Near Valderrama Sotogrande Alto

Villa Near Valderrama Sotogrande Alto

SOLD!

Villa Sotogrande Alto near Valderrama

3 bed 3 bath villa in E zone near Valgrande and Valderrama. This property is for sale at a great price of only 490,000 €, well below the market price. Built on a double plot in a quiet area where you truly can get away from it all. The plot itself measures 2705 m2 and the property 202 m2. The back garden area is fenced off from the front garden and as such ideal for dog owners. The property consists of 2 floors. The hall way leads to the kitchen on the right and second right is a cloak room for guests. Straight ahead there is a hallway leading left to two of the three bedrooms and straight ahead into the brightly lit sitting room, complete with fireplace and to the right are French Windows leading to the garden. The dining room is is on a split level, up a couple of steps and divided from the sitting room by banisters. This room also has views out over the mature gardens and again, French Windows installed. The bedrooms on this floor share a bathroom. Upstairs is the main bedroom, with its own terrace and en suite bathroom.

Light Reforms Required

The property is well built and in a good state of repair but needs updating with a few minor reforms, including, perhaps, the addition of a swimming pool. The urbanisation of Sotogrande permits around a third of a plot of land to be built on in this zone. In this particular instance that would potentially allow another entire villa. Yet another advantage of this villa is that the property taxes on resale properties over 400,000 € are 10%. If you bought a plot of land by itself you would have to pay 21% tax and then begin building works.

Location Sotogrande Alto

Sotogrande is an up market urbanisation surrounded by golf courses and home to Polo. The demographics are medium to upper income bracket with many second homes. There is also a large expat community of people who live here part of the year for tax reasons or retire here. Sotogrande International School is 1 km from this property and is a successful independent school with excellent exam results for its pupils. Gibraltar is 20 minutes by car.

This is a real investment opportunity and not to be missed.

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Related Property

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Rental Algeciras El Rinconcillo

Property now rented long term.

Apartment to rent long term in very good zone of Algeciras. 3 bed 1 bath near to shops, beach and the city centre.

Ideal to commute to Gibraltar. 600€ per month plus two months’ returnable deposit.

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Moncayo Bank Repo Algeciras

Bank Repo Sold

Sold Bank Owned 3 bed 2 bath town house with large roof garden for only 109,000€ As this is a bank repossession there is also the possibility of obtaining up to 100% mortgage. The property is located in Moncayo, Algeciras. This is a semi central area and popular because of its proximity to just about everything.

Partly Modernised Great Price

The property has been partly modernised and is almost ready to move into – after fitting out the kitchen, light switches and bath fittings. There are 3 floors, an American style kitchen which forms part of the sitting room and a large roof area which can easily be converted into a wonderful chill zone. The roof space measures 53 m2. The overall size of the property is 107 m2 and was built in 1970.

Light Reforms Needed

As this has already been renovated there are still a few finishing touches which could be done to customise this property to your personal tastes. With a few further light reforms this will be an even better property. Currently, the roof terrace is accessed via an external fire escape which could be easily adapted and incorporated.

Bank Repo Preferential Financial Terms

One of the advantages of buying a bank repossession is that you can often get a 100% mortgage. As with any financial product it depends on your own personal circumstances. You could, for example, pay about 460€ a month for this exact property over 30 years. The mortgage would never cover the taxes and notary fees so some savings will be necessary. Having said which, it’s one of the best ways to get on the property ladder.

Location: Moncayo, Algeciras, Cadiz

This semi central neighbourhood is very popular and this property is priced below average for this area. Once again, another good reason to view this now. Even taking into account the need to buy white goods etc for the kitchen this is still at a great price and is near to infant and senior schools as well as shops and restaurants.

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