THIS IS AN EQUITY RELEASE/ NUDA PROPIEDAD Market Value euro150,000 Investment today* euro86,050 *Inclusive of Buyers Fee THIS IS AN EQUITY RELEASE/ NUDA PROPIEDAD For sale is the BARE OWNERSHIP of this wonderful 3 bedroom house in Las Casillas, De Martin's, Jaen. The current owners, both 68, reserve the right to use and enjoy the property for the rest of their lives/ until permanent entry into a nursing home or under state care. 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 Super three bedroom house with one bathroom Lounge/Sitting Room 4 x 5 metres Dining room 3.5 x 4.5 metres Long hallway to inner hall and bathroom which is going to be updated Kitchen 3 x 3.5 meters which leads into A rear store room which is 3 x 3.5 metres with access to 30 meter garden with terraces and a small pool Upstairs there are 3 bedrooms Bedroom 1: 4 x 5 metres with a balcony onto the street Bedroom 2: 3.5 x 4.5 metres inner hall leading to Bedroom 3: 3 x 3.5 meter outside is a staircase which leads to a terrace 3 x 3.5 metres which makes good use of the views Local Area In the village there is a Drs surgery. Mon to Fri mornings there is a pharmacy with an English speaking pharmacist. There are two bars who both do free tapas and food cooked to order. One bar also has a shop where you can get everything you need. Martos, a town is around 20 minutes away, where you can get everything you may need, eg opticians, dentists, a small hospital, plus all the supermarkets.