THIS IS AN EQUITY RELEASE/ NUDA PROPIEDAD Usufruct Duration Life Time Market Value euro290,000 Purchase today* euro159,5000 Discount 45% *Inclusive of Buyers Commission Price Reduction WAS euro180,300 NOW euro159,500 THIS IS AN EQUITY RELEASE/ NUDA PROPIEDAD For sale is the BARE OWNERSHIP of this fantastic 3 bedroom Villa in Catral with private pool. The current owners are female 66 & male 69 years old and 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 Situated on a large plot of 2,000m2 this house contains 162m2 of living space with a 42 m2 covered veranda. Inside there are 3 double bedrooms, 2 bathrooms, a large kitchen with a pantry, a lounge and dining area along with a large utility area. Outside the garden includes a 10m x 5m swimming pool with uninterrupted views of Sierra de Callosa. The is also a large driveway with electric gates and 12 mature palm trees. Situated in a great location this house is only 20 mins drive from both Elche and Torrevieja, and around 35 minutes drive to the city of Murcia. It is only 25 minutes to the nearest international airport, Alicante ALC. 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.