Villa in Puerto Lumbreras, Murcia

€ 136,500

Puerto Lumbreras, Murcia, Spain
  • Discount: 40%
  • Purchase Price: € 40,000
  • Market Value: € 240,000
  • Area: 250 m²
  • Bedrooms: 3
  • Bathrooms: 2
  • Floors: 2
  • Lot size: 5000 m²
  • Year built: 2004
  • Monthly Payment: € 1,000
  • Usufruct Period: For life
  • ID: JJC0003

Description

Location

Welcome to Baroque city, Spain!

For sale, investment opportunity (Equity Release). A detached villa in the Spanish countryside, Puerto Lumbreras, Murcia.

This investment opportunity is ideal for a client who wants;

  • Low deposit.
  • Monthly payments with ZERO interest.
  • No bank set up fees.
  • No credit check, finance application or potential mortgage refusal.
  • No need to engage with the bank.
  • 100,000 discount.
  • No need for property managers.
  • Huge potential uplift.
  • Sell the property at any time.
  • Asset back, eye watering returns.
  • Tax efficient investment.

Investment Opportunity

  • The 77-year-old current owner wishes to sell his house, freehold, but retain the rights to live there for the rest of his days.
  • The total cost will be 136,500, a discount of  nearly 100,000 euro.
  • The estimated maturity date of the deal is just 7 years into the future, when the investor will have the full rights to sell the property for a profit, rent it or indeed move to the villa themselves.
  • The property is currently on the market for 240,000 euro.
  • The patient investor can buy it today with a 40% discount.

Sale and Leaseback

Terms
  • 40,000 down payment plus 925 – 1,000 euro/month (negotiable) until the sling price is reached.
Legalities
Equity Release deals in Spain are regulated by the Bank of Spain. All our operations are documented in the Spanish land registry. We work with the public notary of your choice, absolutely guaranteeing your security and peace of mind.

Property description

A perfect escape from the hustle and bustle of “normal life”. Why not take full advantage of exactly what living in Spain has to offer.

You will want to visit the property just so you can see why we think this is such a wonderful opportunity.

Outside space

Set in a large 5,000 m2 plot, perfect for entertaining and bursting with both light and shade courtesy of the large, old character-filled trees. A beautiful outdoor pool, entertainment, and BBQ area. One of the outside entertaining terraces has views of the surrounding mountains and even the mediaeval castle of Lorca.

We mentioned this is the antithesis of “normal living”, how does rearing chickens and running your own almond farm sound to ease you into Spanish life?

The interior of the property is 250m2 and boasts an array of features, sleek finishes, and a thoughtful open plan layout although a little TLC is required.

A large covered and fly screened terrace, overlooking the pool and entertainment area. Beyond the functional entrance hall, the home flows into a luminous, open plan living, dining, and kitchen area. The spacious kitchen comes fully equipped, with fully working white goods, granite worktops, double sink unit, American style fridge freezer, extractor hood oven, and all you’d expect in a well designed and constructed Spanish villa.

The lounge boasts an attractive wood-burning stove which will provide a cosy warm atmosphere right through the winter and hot and cold air conditioning units for year round comfort.

The inner hallway leads to a large family bathroom with a walk-in shower, and the three double bedrooms complete the layout. The large master suite is ready for the morning sunshine to burst in through the double-glazed windows.

To the rear is the functioning central heating room, oil tank and boiler. A beautiful staircase from the hallway leads to the upper floor with a size area of 94 m2 which is open and has not been divided yet.

Are you looking for even more investment opportunities within this deal?

All the plans and licences are in place for a 94m2 loft conversion. Potential for a 3 bedroom, 2 bathroom apartment. It would be easy to add an outdoor staircase to make it a fully independent property, within a property, both with their own entrances. A Granny flat, rental property or just additional living space.

The area

Numerous cafes, tapas bars and restaurants now line these historic streets, just a few minutes from the featured villa. If you buy this property in Lorca, you won’t be the first person to do so. Lorca, from Palaeolithic times through to the Roman era, was home to a wide range of cultures and settlers. This is evident among its historical remains; numerous archaeological sites, the Roman milestones, and the Espolón and Alfonsina towers. In 1964 Lorca was declared a historic and artistic site. It is known as the Baroque city because it has such a high number of Baroque monuments in the town centre.

 

This property will ideally suit a savvy investor. We are aiming at those who intend to retire here in the next ten years or just someone who knows a wonderful deal when they see it.

Retiring in ten years?

If you’re thinking of retiring to Spain in the future, why not buy this property now?

By the time the deal matures you may have bought a villa that is then worth 360,000 euro for just 136,500 plus costs while your tenant maintained it like they have done for the past decade or so

Speak to Kestas, Ian or Julie today about how we can structure the deal to best suit your needs.

View on map / Neighborhood

Features

Features:
  • Air conditioner
  • garage
  • garden
  • heating
  • Pool
  • Storage Room

Video

This property is located in Puerto Lumbreras is a operation and has been listed on JJC Capital Partners. It is currently listed at € 136,500. It has 3 beds, 2 baths, and is 250 m². The property was built in the year 2004.