Pinar De Campoverde
Townhouse
79,900
Build:
Plot:
THIS IS AN EQUITY RELEASE / NUDA PROPIEDAD
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.
Usufruct Duration: Lifetime
Market Value: euro165,000
Purchase Today*: euro79,900
Discount: 50%
* Buyer pays euro5,000 plus IVA for professional fees this is not included in the sale price
Property Type: Bungalow
Location: Pinar De Campoverde, Alicante
Bedrooms: 2
Bathrooms: 1
Internal Surface: 69m²
Plot Size: 115m²
Pool: No
Condition: Excellent
Occupants (Usufruct Holders):
Female 78 & Female 79
Usufruct Rights:
Lifetime use of property
Property Description:
This 69 m² semi-detached house, spread over a single floor, is ideal for enjoying the comfort and functionality of a well-used home. The property features two bedrooms, one full bathroom, a bright living-dining room, a fully equipped kitchen, and air conditioning, ensuring year-round comfort. It also features a pleasant terrace, a private garden, a garage, and built-in wardrobes, providing a functional space both indoors and outdoors.
Located in a quiet residential area of Pinar De Campoverde, this Bungalow offers a pleasant setting with all amenities just minutes away: supermarkets, restaurants, schools, sports facilities, and health centers. It is also very close to the Mediterranean beaches, making it an excellent choice for both a first home and a vacation rental.
THE PROFESSIONAL FEES ARE euro5.000 PLUS VAT AND ARE NOT INCLUDED IN THE SALE PRICE.
Both buyer and seller benefit from legally sound contracts, officially signed and registered with a Spanish public notary and the Land Registry.