Description
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: €165,000
Purchase Today*: €79,900
Discount: 50%
* Buyer pays €5,000 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 €5.000 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.
