Apartment for sale in Valencia
Ref: H14899 €65,000 ~ £57,441 *
This compact 3 bedroom, 1 bathroom apartment can be found on the 3rd floor of a building without a lift in the Els Orriols neighbourhood of Valencia city centre, just behind the famous Levante FC stadium. Although there isn´t currently a lift, work to install one is set to commence in July 2018. The neighbourhood has great links to the historical city centre, airport and beaches by Metro, with the Estadi de Levante and Orriols metro stops being located just 300m from the apartment. The area is also extremely popular with students, thanks to its proximity to the Polytechnic and University of Valencia campuses. The neighbourhood is also home to a whole host of schools, shops and services.
As we enter this apartment through the front door, we are immediately greeted by a long corridor which runs through the whole property. To the left, we have the living room, fitted with hot and cold air conditioning. Next to here is the kitchen, in need of some modernisation, but equipped with all necessary electrical appliances. Making our way back through the corridor and we have the family bathroom, again in need of some modernisation, comprising of a shower cubicle, toilet and sink. Following on from here are the three bedrooms, one having room for a single bed and the other two fitting doubles.
The owners love – “This is a property that has been in our family for years. We have always lived in this neighbourhood and it is a great place to live as it has everything one needs, right on their doorstep, with the bonus of the historical city centre and beaches being just a short metro ride away”.
We think – “Given this property´s excellent value for money price tag, this place would make the perfect option for those looking for a rental investment opportunity. By turning the living room into a large bedroom and converting the smallest of the bedrooms into a second bathroom, the new owner could be left with a 3 bedroom, 2 bathroom modernised apartment whose rooms could then be rented out individually to students, given the property´s proximity to the city´s main university campuses. This is a sure-fire investment that is not to be missed out on!”
Consumption: Grade G
- Coastal property
- Fully Furnished
- 3 bedrooms
- 1 bathroom
- Build Size 68 m²
- Mains Water
- Mains Electric
- Telephone Possible
- Internet Possible
- Air Conditioning
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Standard form of payment
- Reservation deposit €3,000 (£2,651)
- Remainder of deposit to 10% €3,500 (£3,093)
- Final Payment of 90% on completion €58,500 (£51,696)
Property Purchase Expenses
- Property price €65,000 (£57,441)
- Transfer tax 8% €5,200 (£4,595)
- Notary fees (approx) €600 (£530)
- Land registry fees (approx) €600 (£530)
- Legal fees (approx) €1,500 (£1,326)
* 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.