El Palo, 3 bedroom home, ideal for both longtime as holiday rentals. Only 2 minutes from beach
Spanish Real Estate Opportunity
This 3-storey house is located on a second-line stand, in a low-rise area of the authentic fishing village of El Palo. Ideal for personal use, holiday rental or long term rental. The street is car-free. Around the corner you will find various fruit, meat and fish markets. Only a 3 minute walk to the beach.
Ground floor:
livingroom, kitchen
1st Floor:
1 bathroom, 2 bedrooms
2nd Floor:
1 bedroom, laundry area, terrace
Aankoopprijs | €159.000 (vraagprijs 189.000) |
|---|---|
| Commissie makelaar | €2.500 |
| Kosten Koper | €6.000 |
| Verbouwing | €35.000 |
| Inrichting | €20.000 |
Totale kosten | €222.500 |
| Verkoop | €285.000 |
| Commissie makelaar | €10.000 |
| Rentekosten: 2.5% | €3.250 |
Opbrengst voor belasting | €49.250 |
4 months of renovation
3 months for sale
7 months turnover rate
Link idealista: https://www.idealista.com/inmueble/92454587/
CONCLUSION
Plus
Location is top – 50 meters from the beach, the centre of Malaga is within walking/bycicle distance.
Area has growth potential as it is located next to Pedregalejo which is the popular beach boulevard of Málaga.
Minus
Cost of registration of extra M2 (not sure yet if vendor will pay for the cost). Cost would be €4.000 approx.
