Property details
- Property ID: CDS08491
- Price: € 535,000
- Plot Size: N/A
- Built Size: 223m
- Terrace Size: 11m
- Bedrooms: 5
- Property Type: Townhouse
- Kitchen: Fully Fitted
- Pool: NO POOL
- Views: Street
- Garden: NO GARDEN
- Parking: NO PARKING
- Security: N/A
Setting
- Town Commercial Area Close To Shops Close To Town Close To Schools
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.
Features
- Fitted Wardrobes Near Transport Private Terrace Solarium WiFi Utility Room
Property video
Location
- Area: Costa del Sol
- Town: Estepona
About:
Estepona (Spanish pronunciation: [esteˈpona]) is a town and municipality in the comarca of the Costa del Sol, southern Spain.
It is located in the province of Málaga, part of the autonomous community of Andalusia.
Its district covers an area of 137 square kilometers in a fertile valley crossed by small streams and a mountainous areas dominated by the Sierra Bermeja, which reaches an elevation of 1,449 m at the peak of Los Reales.
Estepona is renowned for its beaches, which stretch along some 21 km of coastline.
It is a popular resort and holiday destination.
Due to its natural environment, surrounded by the sea and the mountains, Estepona has a micro-climate with over 325 days of sunshine per year.
Estepona is a popular year-round holiday destination; it has two EC Blue Flag beaches, a modern sports marina with many tapas bars and restaurants.
The white-walled town centre has many shops and picturesque squares.
In the early 1990s, the Walt Disney Company chose Estepona as the original site for its Eurodisney project, but Paris, France, was later awarded the installation.