Country house investment for sale in Alicante

This property is marketed by:
Derelict To Dream

Price Details

€299,390 per fraction

Maximum investment - €299,390

Expected rental yield - 22.6%

Holding period - 5 Years

Property Details

Country house

9 bedrooms

10 bathrooms

Property Details

Country house

9 bedrooms

10 bathrooms

Set in the countryside, a few kilometres outside the village, this large single-storey property offers 250m2 of living space, set within 13,000m2 of land, no visible neighbours, and some of the most superb views you’re likely to ever find.

Planning in this region has now been completely restricted, so rural tranquility is assured! It is being superbly renovated to provide 9 double bedrooms, with disabled access, all with an en-suite shower room - complete with generous walk in shower, toilet and basin. The living space consists of an open plan kitchen, dining room with table and seating for eighteen people, and a sumptuous living room with wood-burning stove and hot & cold air conditioning unit.

As well as a toilet with small basin for communal use. Each bedroom also has its own hot & cold air conditioning unit. Big glass doors from the living area give spectacular vistas of the mountains. There is an outside kitchen, seating, fruit trees and an infinity swimming pool

Amenities

The nearby village has a 25m open air pool, padel and basketball courts, along with a ping pong table. Set within a picturesque mountain range, there are endless hiking, mountain biking and climbing opportunities. Along with fantastic road cycling and the option to follow stage 8 of the 2023 La Vuelta. One of the five cafe/restaurants is owned and catered by a Michelin star chef

Key Information

Property tenure - Freehold

Expected yearly rent from serviced accommodation - €396,900

Expected yearly expenses - €281,880

Expected Expenses Breakdown

Rental management - €70,470

Short term rental costs - €187,450

Refurbishment fund - €18,460

Insurance- €2,500

SPV admin - €3,000

About Us

Having realised money is safer. - and works harder - in property than in a bank, we bought our first Spanish property

Looking at many (not) key-ready options, and working out the cost of renovation on top, we decided to turn a (significantly cheaper) derelict ruin into our dream property, to use as serviced accommodation for our wellbeing holiday business. Last year we completed on four properties.