Bank Repo 3 bed Townhouse
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.
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.