THIS IS AN EQUITY RELEASE/ NUDA PROPIEDAD Usufruct Duration Life Time Market Value euro287,000 Purchase today* euro176,050 Discount 38% *Inclusive of Buyers Commission THIS IS AN EQUITY RELEASE/ NUDA PROPIEDAD For sale is the BARE OWNERSHIP of this fantastic 3 bedroom, 2 bathroom Farm house. The current owner, a 80 year old male reserves the right to use and enjoy the property for the rest of his life. 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 fantastic 250 year old Farm House has been tastefully and professionally converted, retaining a lot of the old original features and is set in approximately 6 hectares of land containing Olive and Almond trees. At an altitude of 750 metres with spectacular views. Situated just 6 Kms from Puerto Lumbreras and 40 minutes from the coast . This property benefits from: Living Area Dining Room Study Kitchen Utility Room 3 bedrooms all with bathrooms ensuite. Two of the bedrooms have their own access to one of the bathrooms and one bedroom has its own private ensuite 2 Bathrooms Garage Swimming Pool Open Fireplace Woodburning Stove Underfloor Central Heating Build Area - 100m² Plot - 60000m² Construction Year 1965 IBI/Suma Tax - euro155 Community Fees - euron/a 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).