Description
Mazarron Country Club, investment.
Calle Berlina, Mazarron Country Club, is situated in a quiet cul-de-sac at the very west end of the urbanization. It was part of phase one of the Country Club development.
Lived in by the original purchasers for 21 years so far and assuming we find the right investor, they will continue to maintain it in pristine condition. The home has a pleasant outlooks to east and west on Calle Berlina, and a view to the north of our local mountain. (Available for the stronger ones to climb!!).
The villa consists of 2 bedrooms and a shower room with toilet and wash basin, and a living area that is open plan with the recently refitted kitchen, both heated by a wood burning stove and with an air conditioner. Some additional facilities are outside on the back patio, including freezer and washing machine areas.
The plot is 400 sq metres, with an extra wide gate suitable for larger vehicles or caravans. The house has a small habitable turret and a solarium accessed via an outside spiral staircase. The urbanization has a large communal swimming pool and well-liked Taverna. Easy access to the adjacent motorway, and not far from Mazarron town centre.
The attractions to the investor are the terms and conditions we have negotiated with the seller.
Risks and Rewards of buying an Equity Release Property
Rewards
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Properties come with discounts of up to 50%.
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Terms can be very attractive to buyers. (low money down!)
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Income is passive and investors earn while working a regular job.
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If real estate values increase, the investment rises too.
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As there is no rental income generally, this deal is not subject to Spanish income tax.
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The interest you pay, commissions, and costs on an investment property loan may be tax-deductible.
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Real estate is a tangible physical asset. We expect big increases in property value over the years.
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This is the perfect retirement plan, university savings plan, or just a solid investment.
Risks
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Real estate is not a very liquid asset and takes time to sell. Investors can sell anytime but need to find an equally clever investor.
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Some investors may wait ten years for the keys to their new property. This is the trade-off for such a good price.
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Not all law offices understand how this works.
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A recession or drop in property prices can decrease income.
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Entry and exit costs can be high, especially with an unqualified estate agent or an inexperienced lawyer.
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Even with no monthly income, a landlord still has to pay their financial expenses. (mortgage etc)
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You cannot live there, unless with a special agreement with the owner.
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