Great Villa for refurbishment 350,000 euros which is still just below half of the actual mortgage and valuation price made by the bank in May 2017 and almost a third of the original debt of near 900,000 euros when it was bought meaning that you get at least 300,000 euros equity upon purchase.
Deal details
Villa in Calahonda. Short walk to the beach and amenities but needs a reform.
The build area is 270M2 on a plot of 1217m2.
Price 350,000 euros
Mortgage value at repossession 650,000
Original mortgage value in the region on 900,000 euros
100,000 – 150,000 euros’ reform including pool.
Mortgage finance available up to 70% of the purchase price.