Inclusive of buyers fee. This is an equity release/ nuda propiedad. Our male owner in his 80’s, wishing to free up some of the value in his Spanish home and looking to sell the bare ownership.
The seller will consider a lump sum of euro146,300 or, initial lump sum of euro60,000 and 84 payments of euro1,027. What does this mean? This property offers a unique chance to acquire ownership through nuda propiedad, a concept meaning "bare ownership." Here's how it works:
You purchase a portion of the property's ownership at a discounted price compared to the market value.
This creates two ownership rights: usufruct: the seller retains the right to live in and use the property for their lifetime. Bare ownership (nuda propiedad): you acquire ownership of the property itself but cannot occupy it until the usufruct period ends.
Once the usufruct period expires (usually upon the seller's passing), full ownership, including occupancy rights, will transfer to you.
This approach allows you to invest in the property's future value at a reduced cost, while the seller enjoys continued use of the property. It's a great way to enter the property market or invest for the mid term. About this property: sleek finishes and a thoughtful open-plan layout, take full advantage of exactly what living in Spain has to offer. We can’t refer to the property as 'immaculate' as two bachelors are the current residents; a little TLC will fix that.
Features of this 250 m2 home include a large covered and fly-screened terrace, overlooking the beautiful outdoor pool, entertainment and BBQ area.
Beyond a functional entryway space, the home flows into a luminous, open-concept living, dining, and kitchen area. The spacious kitchen comes fully equipped, with fully working white goods, granite worktops, a double sink unit, American-style fridge freezer extractor hood over, and all you’d expect in a well-designed and constructed Spanish villa.
It does get cold in winter, even in Spain. The wood-burning stove and indeed air conditioning units will provide a cosy warm atmosphere right through the winter.
The inner hallway leads to a large family bathroom with a walk-in shower, and the 3 double bedrooms complete the layout.
The large master suite is ready for the morning sunshine to burst in through the double glazed windows.
To the rear, is the functioning central heating room, oil tank, and boiler.
A beautiful staircase from the hallway leads to the upper floor with a size area of 94 m2 which is open and has not been divided yet.
What about the outside space? We mentioned this is the antithesis of 'normal living', how does rearing chickens and running your own almond farm sound as a way to ease you into Spanish life? You will entertain your guests in the large 5,000 m2 plot, bursting with light and shade courtesy of the large, old character-giving trees. One of the outside entertaining terraces has views of the surrounding mountains and even the medieval castle of Lorca.
