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THIS IS AN EQUITY RELEASE/ NUDA PROPIEDAD Market Value euro599,000 Price Today* euro349,965 Discount 42% *Inclusive of Buyers Fee THIS IS AN EQUITY RELEASE/ NUDA PROPIEDAD Our owners (82 & 83 years old) wishing to free up some of the value in their Spanish home will give our investor a reduction in the price, in return they wish to remain living in this property for the rest of their lives. 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 a predetermined period, typically their lifetime/ until permanent entry into a nursing home or under state care. 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 until permanent entry into a nursing home or under state care), 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 This Fantastic Reformed Finca is at the edge of the village, surrounded by the campo. In a very quiet area there are only 5 other properties on the road which leads to the campo. The land with the property is 1360m. Overall building area of 273m with 210m living space The property consists of 3 bedrooms Main bedroom has a dressing area off 2 of the bedrooms are en-suite with a 'Jack & Jill' family bathroom Living Area Fully Fitted Kitchen A Utility room A car port Gas central heating and a log burning fire A large irregular shaped swimming pool There is also an attached self contained apartment which has 1 double bedroom, a bathroom and lounge/kitchen. It has its own entrance, courtyard & parking No Community Fees! The property is situated just 5 minutes by car from the village which has all normal amenities including public transport. Moraira with its sandy beaches and coves is just 15 minutes drive. Javea, Benissa, Calpe & Denia are only 20 minutes drive. Benidorm with its buzzing nightlife, shopping & theme parks are only 30 minutes drive. Alicante airport is less than an hour away.
This info given here is subject to errors and do not form part of any contract. The offer can be changed or withdrawn without notice. Prices do not include purchase costs.
Phone: +47 924 93 220
E-Mail: tom.martinsen@alicante-property.no
Address: Ilaveien 1a - Norge
First of all, thanks for contacting us.
We have received your request regarding the property reference: ERS-42519. One of our agents will contact you as soon as possible.
First of all, thanks for contacting us.
We have received a request for a report if you lower the price of the property with the reference: ERS-42519
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