Villa in Torrejon de Ardoz, Madrid

€ 179,995

Torrejón de Ardoz, Madrid, Spain
  • Discount: 50%
  • Purchase Price: € 179,995
  • Market Value: € 400,000
  • Area: 180 m²
  • Bedrooms: 5
  • Bathrooms: 4
  • Floors: 3
  • Year built: 1991
  • Usufruct Period: For life
  • ID: JJC0032

Description

Location

Torrejón de Ardoz, Madrid.

This semi-detached house is located on an urbanization in a very quiet residential area, just a 10 minute drive from Madrid airport.

Investment Opportunity – Bare Ownership

  • The current owner, a 70-year-old lady, reserves the right to use and enjoy it for life.
  • The property has a market value of 400.000€.
  • Payment plan: The buyer will pay a one-time down payment of 179995€.
  • Formalization expenses: The expenses generated in the sale and purchase (Transfer Tax, notary and registry) will be paid by the buyer, with the exception of the Municipal Capital Gains Tax, which will be paid by the seller.
  • Maintenance expenses: Once the transaction has been formalized before a notary public, the expenses of the property will be distributed as follows:
    • The Real Estate Tax (IBI), the extraordinary expenses and the building insurance will be assumed by the buyer.
    • The ordinary community fee, the contents insurance, the urban waste tax and the utilities (electricity, water, etc.), whether individualized or not, will be assumed by the selling party.

Legalities

We work together with independent appraisal companies approved by the Bank of Spain and the CNMV (the Spanish Government Agency responsible for the financial regulation of the securities market in Spain)

All operations are documented in the Spanish land registry and are formulated in a public deed before a notary, thus guaranteeing your security and peace of mind.

Property description

A magnificent semi-detached house set over 3 floors. The property comprises of:

Ground floor:

  • A large fully fitted kitchen with a pantry and utility room
  • A large, bright living room with direct access to a terrace
  • A downstairs toilet

1st floor:

  • 3 x double bedrooms all with fitted wardrobes
  • 2 x bathrooms, one of which is an ensuite to the master bedroom

2nd floor:

  • 2 x double bedrooms
  • 1 x ensuite bathroom

Outside space

  • A large roof terrace which is accessed from the second floor
  • A terrace leading from the main living area with a built-in barbecue
  • The terrace has direct access to the covered parking space
  • A large community pool with playing area

The area

Torrejón de Ardoz, Madrid is a ten-minute drive from Madrid airport in the heart of the city centre. It is close to the European Union Satellite Centre and the Instituto Nacional de Técnica Aeroespacial headquarters. The property is situated only a few minutes from the hustle and bustle of city life and is close to the famous Plaza Major and Europa Park.

Within easy reach of supermarkets and a wide choice of fantastic restaurants, hospitals, and schools.

Our investment properties are suited to those who intend to retire here in the next few years, individual investors, or investment companies. If you’re thinking of retiring to Spain in the future to Spain, why not buy this property now?

Why not speak to one of our friendly team today about how we can structure the deal to best suit your needs?

View on map / Neighborhood

Features

Features:
  • Child Zone
  • garage
  • heating
  • Pool
  • Terrace

This property is located in Torrejón de Ardoz is a operation and has been listed on JJC Capital Partners. It is currently listed at € 179,995. It has 5 beds, 4 baths, and is 180 m². The property was built in the year 1991.