Property Now Sold
3 Bed 2 Bath Bank Repossession
This Gaucin 3 bed 2 bath bank repossession is 105 m2 constructed including terrace of 12 m2. Located in a beautiful spot within the famous white village of Gaucin. The property is a first floor apartment, east facing, with castle and mountain views, the Serrania de Ronda. A relatively new build – 2005 – it has a lift which sets it apart from many properties in this village. There is also dedicated on-road parking. The building itself is a small, well maintained, apartment block. The property is well presented. All 3 bedrooms are light and spacious with fitted wardrobes. The sitting room is a good size, accommodating two settees and space for a dining table. The kitchen is fully equipped and, again, a good size with work benches for food preparation. Both bathrooms offer walk in showers. There is a terrace where you can sit out and a laundry area. The overall feeling is a well constructed, airy and spacious apartment in a tranquil quarter of Gaucin.
Location Although in a tranquil spot, it is still near to schools, post office, pharmacy and supermarket. The centre of town is within walking distance. Overall, this is a fantastic spot for tourism. This property does not have a swimming pool. But, the town swimming baths are fantastic, with green areas and parasols. In addition, it is only 30 minutes from the beaches of Manilva and Casares Coast. Gaucin is one of the most famous white villages – (Pueblos Blancos), popular with artists and artesenal crafts people. There is a fantastic sense of community and one week a year the artists open up their homes to members of the public who come to view and buy their work.
Finance Options When bought as a main residence you can get a 100% fixed rate mortgage. This is offered by the bank selling the property and you would only require a down payment of 10% of the total amount borrowed. Naturally, this is subject to status. If buying a second home it should be possible to borrow up to 80% of the value of the property.
Short term rentals market It should be possible to find tenants looking to over-winter here for 3 or 4 months of the year. Spring is gorgeous here in the Serrania Ronda and would again attract holiday lets, especially around Easter.
Long term rentals market These should yield around 400 – 600 euros per month. However, it seems an ideal family home for year round living. This property is on the market at a great price of only 95,000€ and would make a lovely family home. Why not set up an appointment to view?