2 Bed Apartment in Elda. Superb Location. Investment Opportunity

The property is in the name of a 17 yr old, the inheritor, and can´t be sold until November 2025 when she will be 18. A sale can be agreed on the following terms:-

Delayed Purchase. A 15,000€ deposit to remove the property from all advertising and to reserve it in the buyers name until the end of November when completion can take place at the Notary. This would mean you can move in and even start improvements if you want to and then in November you will be the legal owner. The contract would be professionally executed.

This 2 Bed apartment could hardly be better located. It is a two-minute walk to the famous Gran Avenida, a wide avenue full of restaurants and shops, meanwhile across the road is a children's park and a basketball or five a side court for older children, and behind the block is another, bigger park next to the Medical Centre and a school. Everything is within a couple of minutes walk.

The apartment is on the ground floor, but as the block is raised from the pavement there are seven small steps leading up to the front door as can be seen in the photos. There is loads of on-street parking all around.

Entering the apartment, the lounge/diner is on the left of the L-Shaped hallway and then the second bedroom, a single bedroom, followed by the kitchen and then the bathroom and finally a very large master bedroom.

The bathroom and kitchen are already fairly modern and do not require any work, the kitchen has a door to the outside space known as " a gallery" where there is space for a washing machine and a dryer etc. The space is not suitable for sunbathing.

The apartment has not been used for a number of years and there is some damp to be removed by stripping back the walls but we are confident that this work can be carried out by anyone who enjoys DIY or the cost for a builder would be in the region of 2,500€.

If purchased for investment then we would expect a monthly rental of 475€ to be achieved.