THIS IS AN EQUITY RELEASE/ NUDA PROPIEDAD Usufruct Duration Life Time Market Value euro155,000 Purchase Today* euro93,000 Discount 40% *Inclusive of Buyers Commission 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 70, reserve 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 Super three bedroom house with one bathroom Lounge/Sitting Room Dining room Long hallway to inner hall and bathroom which is going to be updated Kitchen which leads into A rear store room Garden with terraces and a small pool Upstairs there are 3 bedrooms Bedroom 1: with a balcony onto the street Bedroom 2: Bedroom 3: 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. Build Area - 80 m2 Plot - 90 m2 Construction Year TBC IBI/Suma Tax - euro340 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).