Description
HIS IS AN EQUITY RELEASE / LIFE TENURE
• Term of the life tenure: For life
• Market value: €205,000
• Buy today*: €165,000
• Discount: 19%
Property type: flat on the second floor without a lift
Location: El Puig de Santa María, Valencia
Bedrooms: 3
Bathrooms: 2
Internal floor area: 97 m²
Condition: Refurbished in 2006
Occupants (Beneficial owners):
Woman, 87 years old
Rights of usufruct:
Lifetime use of the property
Property description:
We present an excellent opportunity to purchase a bare ownership property in El Puig de Santa María, just a few minutes from Sagunto and with easy access to Valencia.
Located on the second floor without a lift, this property has a floor area of 97 m² and stands out for its spaciousness and good layout. Renovated in 2006, it offers a comfortable and functional space in a quiet and well-connected area. It features three spacious bedrooms, two full bathrooms, a kitchen, a bright living room with a balcony, and a spectacular 26m² terrace, ideal for enjoying the Mediterranean climate.
Purchasing this property as bare ownership allows you to acquire it below market value, making it an attractive investment with strong potential for appreciation in an increasingly sought-after area, close to the sea and with all amenities. Its location is exceptional due to its proximity to Sagunto, where Volkswagen’s future battery gigafactory is being developed, positioning this property as a particularly attractive investment. This major industrial project is driving significant economic growth in the area, with forecasts of increased employment, an influx of people and, consequently, rising demand for property and an increase in property values.
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.
