Apartment for sale in Valencia
Ref: H14418 €70,000 ~ £61,233 *
This 3 bedroom, 1 bathroom flat is situated in the up and coming inner city centre neighbourhood of Patraix, Valencia. It is located on the 4th floor of a building that currently has no lift, although the president and building community are in talks of installing one soon. The community are also renovating the outside of the building, by painting and retiling, in the next few months. The apartment is situated within walking distance to various metro stops, to the Joaquin Sorolla train station, which is where the high velocity AVE commuter train to Madrid departs from and to the main shopping districts and attractions of Valencia city centre.
As we enter this property, the first thing that attracts our attention is how light and airy it is, despite its compact size. As to the rear, this property looks out over the playground of a local school, plenty of natural light floods these rear rooms and of course means that there are no overlooking neighbours. As we enter, we have a good-sized entrance hall and L shaped corridor which leads us through the apartment. Directly in front of the main door is the first of 3 double bedrooms, with the further two leading on from the hallway. At the end of the corridor, we have a spacious living room, currently used as a study, which leads onto the 3rd bedroom, which, at the moment, is being used as a living room. Back through to the corridor and leading off to the left are the recently modernised bathroom with shower cubicle and fitted kitchen, which is equipped with all necessary electrical appliances.
The owners love – “How bright and airy the place is. Also, it´s fantastically located in a central neighbourhood, that has everything one could need to hand. We have rented it out over the years and have made a good income, but now we are heading back to the UK”.
We think – “Due to this property´s central location and great price, we think this could be the perfect investment for someone either looking for holiday rental apartment or as student accommodation, with some of Valencia´s central universities being just a 15 minute walk away. It really is a blank canvas, with heaps of potential to be whatever the new owner wants it to be. Also, with the plans to install a lift and renovate the outside, the property is sure to increase in value”.
Consumption: Grade G
- Coastal property
- 3 bedrooms
- 1 bathroom
- Build Size 66 m²
- Mains Water
- Mains Electric
- Telephone Possible
- Internet Possible
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Standard form of payment
- Reservation deposit €3,000 (£2,624)
- Remainder of deposit to 10% €4,000 (£3,499)
- Final Payment of 90% on completion €63,000 (£55,109)
Property Purchase Expenses
- Property price €70,000 (£61,233)
- Transfer tax 8% €5,600 (£4,899)
- Notary fees (approx) €600 (£525)
- Land registry fees (approx) €600 (£525)
- Legal fees (approx) €1,500 (£1,312)
* Prices quoted in Pounds are illustrative and should only be used as a guide.
* Transfer tax is based on the sale value or the cadastral value whichever is the highest.