Townhouse in Estepona

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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.

  • Setting

    Town

    Commercial Area

    Close To Shops

    Close To Town

    Close To Schools

  • Orientation

    North

  • Condition

    Renovation Required

  • Views

    Street

  • Features

    Fitted Wardrobes

    Near Transport

    Private Terrace

    Solarium

    WiFi

    Utility Room

  • Furniture

    Not Furnished

  • Kitchen

    Fully Fitted

  • Parking

    Street

  • Utilities

    Electricity

  • Category

    Investment

    • Community Fees: €0 / monthly

     

    Waste Disposal Fees:

     

    IBI – Property Tax: €0 / annually

    Highlights

    Reference
    R5182528
    Price
    €535,000
    Location
    Estepona
    Area
    Málaga
    Property Type
    Townhouse
    Bedrooms
    5
    Bathrooms
    3
    Plot Size
    0 m2
    Built
    223 m2
    Terrace
    11 m2

    More Information

    VIVI Holiday Homes SL. 

    ES.B93728483

     

    Calle Almendralejo de Jarales 5,
    29649 Sitio de Calahonda, Málaga,
    Costa del Sol, Spain

     

    +34 95 11 21 068

    Info@vivi-realestate.com

     

     

     

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