• €535,000

Overview

  • R5182528
  • Property ID
  • House, Townhouse
  • Property Type
  • 5
  • Bedrooms
  • 3
  • Bathrooms
  • 223

Description

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.

Address

Contact Information

Enquire About This Property

BELLINGTONS

Our head office is located in Nueva Andalucía, where we are strategically placed with easy access to all locations situated on the Costa del Sol.

ADDRESS

Avenida Tomas Pascual, 6.

La Quinta, Malaga, 29660.

CONTACT

+34 637 139 198

+44 20 3807 8557
info@bellingtonspropertygroup.com
Terms Of Use
Privacy Policy

2023 bellingtonspropertygroup – All rights reserved

Terms Of Use | Privacy Policy
Facebook Twitter Instagram Linkedin

Compare listings

Compare

George Radford

George Radford, 32 years old and from London. Co-founder and director of Bellingtons Property Group. George describes him as a hardworking, enthusiastic and determined young entrepreneur. George decided to co-found Bellingtons Property Group to be a part of something that is meaningful, impactful and helps others. Not content on letting his clients settle for mediocracy, George is someone that sets goals and helps his clients achieve them.

With family ties in the Marbella area for more than 30 years, George has lived and worked here for many years accumulating invaluable first-hand knowledge and connections that he can pass on to benefit his clients. When asked how George would describe his clientele, he says “My wonderfully diverse clients are great! From finance to tech, elite sport to medicine, working with such a broad range of professionals is so enjoyable”. George has experience when it comes to selling every type of property. Working with first time buyers to luxury homes, he values providing an unparalleled service that he can be proud of.

 What clients appreciate most when working with George is his laid back, low pressured and patient approach with them yet tenacious attitude and commitment on their behalf. George feels strongly that his ability to listen and comprehend his clients demands is what helps him build such strong client relationships.

  • +34 664 01 34 40
  • george@bellingtonspropertygroup.com

Sam Bobes Gilroy

As a native Andalusian with a British heritage, Sam is a fluent English and Spanish speaker who has lived his in Marbella for 30 years. Sam has been one of the most influential individuals in the Real Estate sector for the last 8 years, gaining invaluable experience along the way whilst working for several leading brand name agencies before co-founding Bellingtons Property Group.

Sam brings extensive industry experience to the team, allowing him to advise his international clients complete solution to fulfil their needs, whilst streamlining the whole process whether it be buying or selling. He’s obtained a very strong real estate network during his early successful career and prides himself on his excellent local knowledge, setting his clients up for success.

  • +34 637 13 91 98
  • sam@bellingtonspropertygroup.com

Pelayo Gomez Picó

Pelayo is the co-founder and partner of Bellingtons Property Group. A graduate from Richmond, The American University in London with BSc Honours in Business Management & Finance, Pelayo is highly acquainted with corporate planning, risk management whilst having strong negotiation, communication, and quantitative skills.

He has ample experience dealing with high-net-worth clients while he excelled working for a boutique hedge fund in London, assigned to the derivatives desk where he focused on Options Trading in US markets. With his diverse background, as well as being born and raised in Marbella, Pelayo has brought another dimension to the ethos of the company.

Pelayo speaks three languages: English, German, and his native tongue, Spanish.

  • +34 661 41 43 56
  • pelayo@bellingtonspropertygroup.com