THIS IS AN EQUITY RELEASE/ NUDA PROPIEDAD Property Value euro495,000 Purchase Price euro285,612* Discount 42.3% *Inclusive of Buyers Fee THIS IS AN EQUITY RELEASE PROPERTY/ NUDA PROPIEDAD For sale is the BARE OWNERSHIP of this lovely Finca in Calpe, Alicante. The current owners, Male 76 and Female 69, will have a Usufruct and reserves the right to use and enjoy the property for the rest of their lives or a predetermined, fixed period. 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 or a predetermined, fixed period.. 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 , 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 The Finca has 3 Bedrooms, 2 Bathrooms and is built on a hillside, giving you amazing views of the Sierra Bernia. The house is on two floors and is 233 square metres. Downstairs there are a large living dinning room, sun lounge, two utility rooms (one with a toilet and basin) and a kitchen. Upstairs there is a large landing that we use as an office and library, three bedrooms a very large bathroom and a smaller shower room. There are large terraces upstairs both front and back. There is a large paved area outside with room for 5 cars. Urban land with house - 1,602 m2 Zona verde land - 3,262 m2 Total - 4,864 m2 Construction Year 1965 Suma - euro635 Community Fees - euroN/A The land has many mature pine tress with cactus and succulent garden to the side. There is a wooden casita on this land we use for storage etc. Both buyer and seller will be protected by watertight contracts and agreements signed and stamped by the Spanish public notary and the Spanish land registry.