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This is an Equity Release Investment Property. Currently valued at 290,000€ you can purchase this property today at a -40% discount! Please read the terms of the proposal at the end of this listing. 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. Terms and Conditions A one-off payment of 169.000€ along with rights to live in the house for 5 years. The new owner will guarantee and maintain the Usufruct. This is a legally binding agreement that you can live in the property, or rent it, free of charge, for the rest of your lives or until you enter permanent health care. Expenses for the sale are paid by the buyer except for the "Impuesto Municipal de Plusvalia" (Sales Tax) which is paid by the seller. NOTE: The Plusvalia Municipal is only payable if the selling price is higher than the original purchase Price. Property insurance and IBI are paid by the buyer. The community fees, utility supply costs and content insurance are paid by the seller. The purchase price includes the arrangement commission, which amounts 5% +VAT of the purchase price, with a minimum amount of 5.000€ +VAT. .