Bungalow in Torremendo

Features

Property ID:

ERS-48172

Bedrooms:

Bathrooms:

Price:

€ 82.500

Taxes:

€ 11.138

Total price:

€ 93.638

Total price* Housing price + Overhead costs approx. 13.5%

Property Status:

Resale

Property type:

Bungalow

Year of construction:

Meters:

80m²

Garage:

Swimmingpool:

Distance to beach:

Distance to airport:

Distance to restaurants:

Distance to Golf:

Distance to supermarkets:

Description

This text could be translated with Google Translate and can therefor contain errors.

THIS IS AN EQUITY RELEASE/ NUDA PROPIEDAD Usufruct Duration Life Time Market Value euro150,000 Purchase today* euro82,500 Discount euro45% *Inclusive of Buyers Commission THIS IS AN EQUITY RELEASE/ NUDA PROPIEDAD For sale is the BARE OWNERSHIP of this lovely 3 bedroom, detached bungalow in Torremendo, Orihuela. The current owners, who are male 78 & female 76 years old reserve the right to use and enjoy the property for the rest of their lives and reserves the right to use and enjoy the 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 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 , 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 detached bungalow contains 3 double bedrooms, one with a walk-in wardrobe and ensuite bathroom! There is a further shower room for guests, there is also a large lounge-dining room and kitchen diner with utility room. The property has all new piping and has been completely rewired, it also has a new main roof. Outside there is a large court yard with shed and spiral stairs to roof terrace with lovely views across to reservoir and mountains. It is located in Torremendo, which is a typical spanish village where there are 5 restaurants, bakery, general shop, chemist, Doctors, tobacco shop, ferreteria, municipal swimming pool, playground, football pitch and school. Just 45 minutes drive from both Alicante (ALC) and Murcia (RMU) international airports. It is also 20 minutes drive from the popular La Zenia shopping mall and beaches. Both buyer and seller benefit from legally sound contracts, officially signed and registered with a Spanish public notary and the Land Registry. In addition to the purchase price, the buyer pays Property Transfer Tax, notary fees, Land Registry fees, and future annual IBI/Suma tax and property insurance. The sellers remain responsible for utilities and community fees (if applicable).

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Agent

Tom Martinsen

Owner and estate agent Phone: +47 924 93 220 Email: tom.martinsen@alicante-property.no

Finances

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.