Low Deposit Investment Villas

3 Bedroom Villas - Verifyable 28% Below Market Value

1 Villa Left 

Property Information

Residence Herrada benefits from an exceptional location only 20 km from the beautiful beaches of Guardamar, and ideally situated in the Costa Blanca, and its well known beach resorts.

Located on the outskirts of Los Montesinos, between the major attractions of Torrevieja and Guardamar, and with both Alicante and San Javier airports receiving direct flights from the UK, travelling to and from the residence is very easy.

Property Summary

Residence Herrada is the perfect place to enjoy a mixture of leisure, sports and city amenities. Easy access to and from the development and being located in an area experiencing great capital growth are all great factors contributing to why investors are currently snapping up these properties.

Area Information

The Costa Blanca stretches from Valencia to Cartagena. To the north of Alicante, the region is a popular tourist region with Benidorm being the best known beach resort. The Costa Blanca, Spain΄s "White Coast" is one of the most charming and healthy areas of the Iberian Peninsula with a very mild climate; winter temperatures averaging 16-17° C


Residence Herrada, Los Montesinos - Alicante, Spain
 
Summary

3 bedroom, 2 bathroom detached villas which are located on the outskirts of Los Montesinos, Costa Blanca. The properties are excellently priced at 236,900 Euro and bank valuations have come back at 330,000 Euro, a staggering 28% Below Market Value. 

One bedroom downstairs with an additional two upstairs, both of which have French windows leading out onto the huge terrace. The bathrooms have under-tile heating and the kitchen comes with all white goods including washing machine. There is a choice of white or brown interior door.

The villas are an extremely good build and are ready at the end of October with our clients needing to contribute only 3,000 Euro to the purchase & 450 Euro for the valuation fee, on a LTV mortgage.

Key Features

1. 3 Bed 2 Bath Semi-Detached Villa
2. White Goods Included in purchase price 
3. Excellent Size terraces
4. French Windows as standard
5. Very High Quality Build from well known builder

Customer Benefits

1. 28% Below Market Value
2. True Low Deposit Investment - ONLY Euro 3000 needed to purchase
3. In Close reach to the Very Popular Guardamar beaches
4. Cost of MONEY is Cheaper with Low European Interest Rates
5. Investing in an established market who's seen capital growht of more than 20% last year
6. 30-35 minutes drive to either San Javier (Murcia) or Alicante airport

Financials

1. Purchase Price                € 236900.00
2. Deposit Required               €      3000.00 (cash invested "a")
3. Valuation Fee                   €       500.00 (cash invested "b")
4. Purchase Costs               €   26059.00 (11% including IVA, Mortgage Fees - Added to Mortgage)
                                         =========
                                          € 266459.00
                                         =========
5. Property Value                € 300000.00 (conservative, independantly pre-valued these at € 330000.00)
                                         =========
6. Profit Day 1                      €   33541.00

7. Return On Cash Invested        958%    (Profit / ( Cash Invested "a" + "b")) * 100)

Capital Growth

This regions has had excellent growth of up to 30% in key areas.  The region as a whole has seen an average of 17% - 20% growth per year and is one of the strongest regions in terms of capital growth in spain.

Rentability

Long term Only Rentals will Not Cover the mortgage completely, as you will have a € 80 (£55) - € 100 (£68) shortfall per month.  We recommend doing a combination of both Short and Long Term rentals where you will easily cover your interest only mortgage.

Exit Strategy

Our opinion is that the optimal life for these villas will be around 5 - 7 years with Infrastructure changes and regeneration of the area.  On a very conservative capital growth per year plus initial purchase profit / equity, we believe that your villa will double in value during this time.