Calahonda Villa Calahonda, Malaga, Andalucia, Spain 3 Bed Villa £315,798 | €350,000 | $398,265 Request a Currency Exchange Quote Here

Great Villa for refurbishment in Calahonda. Short walk to the beach and amenities but needs a reform. Price 350,000 euros is half of the bank valued it at 650,00 euros at repossession)in May 2017 giving you 300,000 equity on purchase.

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Property Attributes

Fixtures-Fittings-Furnishings

Unfurnished, Alarm, Bath

Lifestyle features

Tourist Letting, Golf, Beach, Town, High Street

Property Features

Garden, Terrace, Allocated Parking, Deck, Dining Room, Double Garage, Ensuite, Fireplace, Fitted Bathroom, Fitted Kitchen, Fitted Wardrobes, Garage, Off Street Parking, Granny Flat

Amenities & Services

Clubhouse, Nightlife, Restaurants, Shops

Building Characteristics

Freehold

Purchase Incentives

Chain Free, Reduced Price
Property Description ID:28443625

Great Villa for refurbishment 350,000 euros which is still just below half of the actual mortgage and valuation price made by the bank in May 2017 and almost a third of the original debt of near 900,000 euros when it was bought meaning that you get at least 300,000 euros equity upon purchase.

Deal details

Villa in Calahonda. Short walk to the beach and amenities but needs a reform.

The build area is 270M2 on a plot of 1217m2.

 

Price 350,000 euros

Mortgage value at repossession 650,000

Original mortgage value in the region on 900,000 euros

100,000 – 150,000 euros’ reform including pool.

Mortgage finance available up to 70% of the purchase price.

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Important Property Information

Available Units

3 Bed Villa
  • GBP Price: £315,798
  • EUR Price: €350,000
  • USD Price: $398,265
Mortgage Information
Investment Facts

Category : Bank Repossession

Cash requirement : £142,109

Discount: 46% to Market Value

from bank valuation at repossession date

Finance: 70% LTV at 3.00% Interest Rate

Reservation Fee: 6000.00 EUR

At Reservation

Current Condition : Needs Refurbishment

Needs refurb, pool and extension

Refurbishment Costs : 100000.00 Estimated

Depending on the work, pool and extension size
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