2 Bed Property in Heart of Jimena
This 2 bed property is in prime location in the centre of Jimena Village. Walking distance to shops and schools. Close to Post Office. Plus, it has a garden with a couple of out houses which can be adapted with requisite planning permission to add a swimming pool for example. The upstairs is unused and can be reformed to add another bedroom and bathroom. This property with acess/egress via 2 streets can be reformed into two apartments.
Buy for Only 70,000 €
There is value in this property and after reforms it should be possible to rent out either short term or long. Rentals long term could realise approximately 500 – 550€ or more if a swimming pool added. After reforms it should be possible to put this back onto the market and expect to sell for approximately 125-150,000 € Even after requisite spending it should still return an interesting investment.
Upstairs has original wooden beams. The foundations seem solid and it may be possible to to substitute a reinforced joist for one of the walls and gain at least an additional 50 m2. The adjoining property has added another floor and, as the precedent is set, this should also be possible here. In which case, the amount of work and the amount of returns would be even greater than those estimated.
Jimena de la Frontera – Famous White Village
The location is highly desirable and near off road parking to add even another positive to this ever growing list. Jimena is popular all year round for holiday makers who visit for a wide variety of reasons from bird watching to rambling. In addition, the Arabic-Roman castle holds great historical interest as well as being a fantastic venue for flamenco and opera concerts.
We strongly recommend that you visit this property so as to avoid disappointment. Contact us now to arrange a viewing. You won’t regret it.
IBI is very low – approximately 150 per year. All of the apperwork is in order and this is priced to sell.