Your investment opportunity: two detached houses on the Costa del Sol

Málaga, Andalusia, Spain, 29770

For Sale

€429,000

REF: 1000888 €429,000


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Description

Torrox (Málaga), a charming village on the Costa del Sol, is known for its warm climate throughout the year and its beauty. This property, just 5 minutes from the vibrant center of the town, with all its services, offers you a quiet refuge and beautiful views of the town and the coast. The coast, with its beaches and entertainment options, is 10 minutes away by car. The property consists of two independent houses, each with two bedrooms, a private entrance, and complete privacy, and a single-car garage.

It's ideal for living in one and renting out the other for long-term rentals or as a vacation rental. An excellent option for those looking for a place to live and for those seeking a profitable investment. House number 1: Located on the highest part of the property, it stands out for its spacious and convenient access.

The house boasts two extra-large terraces, ample outdoor spaces around the property, and a barbecue area, perfect for enjoying the year-round Mediterranean climate. These outdoor areas offer multiple options for relaxation or outdoor activities, all with views of the natural surroundings. Inside, the house features a very spacious living room with a fireplace that adds a cozy touch to the space.

Adjacent to the living room is a fully furnished and equipped open-plan kitchen. From the living room, you access a hallway that connects to two bedrooms and two bathrooms (one of which has access to a storage room). House number 2: Located on the lower part of the property, with private access and a welcoming, east-facing porch at the entrance, allowing for the perfect amount of fresh air on summer afternoons and evenings.

Upon entering, you'll find a spacious, fully furnished and equipped kitchen, semi-open to the large, bright living room with direct access to the exterior and the terrace located on the west side of the house, ideal for relaxing and enjoying the Costa del Sol's year-round climate. From the living room, you access a hallway that leads to two bedrooms, both with built-in wardrobes, and two bathrooms, one of them en suite, providing comfort and privacy in each space. The two homes were built approximately three decades ago and are in good structural condition.

They were occupied until just a few weeks ago, ensuring they are functional and ready for use. However, it's understandable that the buyer may want to make some updates or renovations to adapt them to their current tastes and needs. These renovations will allow the spaces to be updated while maintaining the solidity and original layout of the homes. The property has a legal well that supplies water to both houses, ensuring autonomy and saving resources.

This feature, along with the solid structure and excellent profitability potential, makes this property a very attractive option. Furthermore, for those interested in installing a pool, the property boasts spacious outdoor spaces where it is possible to install an above-ground pool, with a modern and attractive design.

Don't miss this opportunity to acquire a property with great income-generating potential in a constantly growing area. DISTANCE - Beach: 7 km - Bars and Restaurants: 2.5 km - Grocery Stores: 2.5 km - Supermarket: 2.5 km - Shopping Center: 20 km - Golf: 15 km - Hospital / Medical Center: 2.5 km In compliance with Decree 218/2005, of 11 October, where the Consumer Information Regulation applies for the purchase of living in Andalucía, the customer is informed that the notary, registration and tax documents that apply (ITP or IVA+AJD) and Other gases inherent to the purchase are not included in the price. The price includes real estate management fees.
Torrox (Málaga), a charming village on the Costa del Sol, is known for its warm climate throughout the year and its beauty. This property, just 5 minutes from the vibrant center of the town, with all its services, offers you a quiet refuge and beautiful views of the town and the coast. The coast, with its beaches and entertainment options, is 10 minutes away by car. The property consists of two independent houses, each with two bedrooms, a private entrance, and complete privacy, and a single-car garage.

It's ideal for living in one and renting out the other for long-term rentals or as a vacation rental. An excellent option for those looking for a place to live and for those seeking a profitable investment. House number 1: Located on the highest part of the property, it stands out for its spacious and convenient access.

The house boasts two extra-large terraces, ample outdoor spaces around the property, and a barbecue area, perfect for enjoying the year-round Mediterranean climate. These outdoor areas offer multiple options for relaxation or outdoor activities, all with views of the natural surroundings. Inside, the house features a very spacious living room with a fireplace that adds a cozy touch to the space.

Adjacent to the living room is a fully furnished and equipped open-plan kitchen. From the living room, you access a hallway that connects to two bedrooms and two bathrooms (one of which has access to a storage room). House number 2: Located on the lower part of the property, with private access and a welcoming, east-facing porch at the entrance, allowing for the perfect amount of fresh air on summer afternoons and evenings.

Upon entering, you'll find a spacious, fully furnished and equipped kitchen, semi-open to the large, bright living room with direct access to the exterior and the terrace located on the west side of the house, ideal for relaxing and enjoying the Costa del Sol's year-round climate. From the living room, you access a hallway that leads to two bedrooms, both with built-in wardrobes, and two bathrooms, one of them en suite, providing comfort and privacy in each space. The two homes were built approximately three decades ago and are in good structural condition.

They were occupied until just a few weeks ago, ensuring they are functional and ready for use. However, it's understandable that the buyer may want to make some updates or renovations to adapt them to their current tastes and needs. These renovations will allow the spaces to be updated while maintaining the solidity and original layout of the homes. The property has a legal well that supplies water to both houses, ensuring autonomy and saving resources.

This feature, along with the solid structure and excellent profitability potential, makes this property a very attractive option. Furthermore, for those interested in installing a pool, the property boasts spacious outdoor spaces where it is possible to install an above-ground pool, with a modern and attractive design.

Don't miss this opportunity to acquire a property with great income-generating potential in a constantly growing area. DISTANCE - Beach: 7 km - Bars and Restaurants: 2.5 km - Grocery Stores: 2.5 km - Supermarket: 2.5 km - Shopping Center: 20 km - Golf: 15 km - Hospital / Medical Center: 2.5 km In compliance with Decree 218/2005, of 11 October, where the Consumer Information Regulation applies for the purchase of living in Andalucía, the customer is informed that the notary, registration and tax documents that apply (ITP or IVA+AJD) and Other gases inherent to the purchase are not included in the price. The price includes real estate management fees.
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#TORR071

Currency Exchange

Málaga, Andalusia, Spain, 29770

Interested in this property? Don't lose out to currency fluctuations changing the price you pay...

Many overseas buyers in Spain do not realise they can lose thousands of pounds through adverse currency exchange rate movements.

The property buying process in Spain takes time; it could be up to six months between seeing the property of your dreams and actually taking ownership. So how much would this €429,000 property cost you?

Property Price € Minimum cost in the last six months Maximum cost in the last six months Fluctuating exchange rates over the last six months could have increased the cost of this property by
€429,000 £354,118 £374,092 £19,974
Property Price € €429,000
Minimum cost in the last six months £354,118
Maximum cost in the last six months £374,092
Fluctuating exchange rates over the last six months could have increased the cost of this property by £19,974

Málaga, Andalusia, Spain, 29770

Interested in this property? Don't lose out to currency fluctuations changing the price you pay...

Many overseas buyers in Spain do not realise they can lose thousands of pounds through adverse currency exchange rate movements.

The property buying process in Spain takes time; it could be up to six months between seeing the property of your dreams and actually taking ownership. So how much would this €429,000 property cost you?

Property Price € Minimum cost in the last six months Maximum cost in the last six months Fluctuating exchange rates over the last six months could have increased the cost of this property by
€429,000 £354,118 £374,092 £19,974
Property Price € €429,000
Minimum cost in the last six months £354,118
Maximum cost in the last six months £374,092
Fluctuating exchange rates over the last six months could have increased the cost of this property by £19,974

The exchange rate on the day you make an offer on your property in Spain will not be the same as the rate you pay when you complete on your purchase, as currency markets move constantly. Any large rate movements may take it beyond your price range as the chart above illustrates the fluctuation and how much extra your property could have cost you.

The best way to avoid this significant risk is to plan your budget and currency strategy with an experienced currency specialist. They have been known to save you up to 4% compared to many high street banks, £4,000 for every £100,000, which soon adds up. They will also keep you up to date on market movements, help you set a rate in advance with a product called a Forward Contract - so you know exactly what you will pay for your property in sterling.

This is why we recommend Smart Currency Exchange Ltd. If exchange rate movements continue to be as unpredictable and as significant as they have been in the past then by not using Smart Currency Exchange Ltd your property could cost you £19,974 more.

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