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sale 4121 R5182528 https://homefindermarbella.com/en/property/sale/hfml5182528/estepona-townhouse 36.425000 -5.143000 535000 en 6LfEhCETAAAAAKDvjClG0QeebaOAM-LjAqF6PvUh
  • 5 Bed
  • 3 Bath
  • 223 m² Built

    • townhouse in Estepona

    €535,000

    INVESTMENT OPPORTUNITY – HOUSE WITH POTENTIAL FOR 4 APARTMENTS IN ESTEPONA

    Property for sale at a reduced price due to special conditions: the owner, 92 years old and in delicate health, retains a lifetime usufruct only on the ground floor, where she currently resides.

    This allows buyers to refurbish and exploit the upper floor immediately, with the possibility of converting it into two independent apartments, while securing full availability of the ground floor in the future.

    Surface:

    Plot: 121 m²

    Construction: 223 m² distributed over two floors

    Rooftop: 121 m², with potential to create a solarium, communal area

    Current state:

    Ground floor (usufruct): old but habitable property, currently occupied

    Upper floor (available): requires renovation, with potential to be divided into two apartments

    Development potential:
    The property, with a single deed, can be reorganized into up to 4 independent apartments (two on the ground floor and two on the upper floor).
    Estimated rental income: at least €1,100/month per apartment → more than €4,000/month once the project is completed.

    Prime location:
    Located in the heart of Estepona, just a few minutes' walk from La Rada beach and the Old Town, surrounded by shops, restaurants, services and leisure. One of the most sought-after areas of the Costa del Sol, ideal for both long-term and holiday rentals. With over 300 days of sunshine per year, the rooftop becomes the perfect outdoor living space.

    Investor advantages:

    Reduced price thanks to partial usufruct

    Immediate rental potential by refurbishing the upper floor

    Single deed and single property tax (IBI)

    Spacious rooftop for communal or leisure use

    Strong demand in Estepona centre

    Conclusion:
    A unique property, partly under usufruct but partly free to exploit today. An excellent opportunity for investors seeking immediate income and strong medium-term capital appreciation.

    Features

    • Setting: Town, Commercial Area, Close To Shops, Close To Town, Close To Schools.
    • Condition: Renovation Required.
    • Features: Fitted Wardrobes, Near Transport, Private Terrace, Solarium, Wifi, Utility Room.
    • Furniture: Not Furnished.
    • Utilities: Electricity.
    • Category: Investment.

    Overview

    • Reference: HFMl5182528
    • Property Type: townhouse
    • Bedroom: 5
    • Bathroom: 3
    • Parking: No
    • Garden: No
    • Pool: No
    • Built: 223m²
    • Terrace: 11m²
    • Plot: 0m²
    • Energy Rating: 0.00
    • Energy Value:
    • Year Completed: 1973
    • IBI Fee: €0
    • Community Fee: €0
    • Garbage Fee: €0

    Tell me more

    • Tell me more about Estepona
      Estepona is a vibrant coastal town and municipality on the western Costa del Sol, Málaga, Andalusia, Spain. With a population of over 76,000, it has successfully blended its traditional Andalusian charm, evident in its beautifully renovated old town with whitewashed streets, with modern tourism infrastructure. Estepona boasts extensive beaches, a bustling marina, numerous golf courses, and an impressive orchidarium. It offers a lively atmosphere and a wide array of amenities, making it a popular destination for both residents and tourists seeking an authentic Spanish experience by the sea.
    • How far is this property from the nearest airport?
      Estepona is 80km from the nearest airport, approximately 65 minutes driving time.
    • What are the annual runing costs of this property?
      The annual running cost are €0 consisting of IBI €0 (Impuesto sobre Bienes Inmuebles' or Council Tax), Community Fees €0 and Garbage €0.
      * Based on current information; values are subject to revision.