House buy in Tuineje Canary Islands

This is an Investment Opportunity / Equity Release Property. Terrific investment opportunity this property has a current valuation of €135,000, but our owner is willing to sell it for €75,000 but intends to keep living in the property. Please read the terms and conditions at the end of this listing. About this property: This well-maintained property consists of an entrance hall, kitchen, dining room, sitting room, bedroom, and toilet with walk-in shower and a small utility room. The garage space, which is attached to the property, is used as the main bedroom with an en-suite shower. There are options to develop this area once the investor takes possession. The fuse box has been recently updated and the wiring renewed. This is important for insurance as well as practical reasons. The outside of the property has a paved patio area, There is a garage situated in one corner of the garden area; A swimming pool is situated in another corner, providing relief from the Spanish summer sun. There is also a fish pond with goldfish, adding a certain quaintness to the property. There is a mixture of plants including cacti, yucca, and small palms. A high wall is constructed around the property to ensure privacy and security. This property is well priced and with the investment opportunity, ensures value for money. The property is surrounded by aesthetic natural beauty. A city or community like the Canary Islands where the population is growing and a large number of ex-pats are present often represents a serious potential investment opportunity. The next buyer too will probably be an ex-pat. A neighborhood like this one with a low crime rate, easy access to public transportation, proximity to amenities like banks, supermarkets, and restaurants, and a growing property market may also mean a larger pool of future buyers. Terms and Conditions: Proposal: The Sale of the Bare property with a Lifetime Usufruct for a one-off payment of 75.000€. 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. This is paid from your advance at the Notary on completion. .