Renovated Character 8 bedroom Townhouse for sale with Income Potential in Javea, Valencia
This is a most appealing property, full of character and offering great potential that perfectly combines tradition, spaciousness, and investment possibilities.
With a built area of 301 m2 distributed over three floors, this house offers the opportunity to be used as a single home or easily divided into three independent apartments of approximately 100 m2 each, maintaining the essence of a historic dwelling in one of the most sought-after locations on the Costa Blanca.
Currently, the property has 1 kitchen, but on the second and third floors, all water...
This is a most appealing property, full of character and offering great potential that perfectly combines tradition, spaciousness, and investment possibilities.
With a built area of 301 m2 distributed over three floors, this house offers the opportunity to be used as a single home or easily divided into three independent apartments of approximately 100 m2 each, maintaining the essence of a historic dwelling in one of the most sought-after locations on the Costa Blanca.
Currently, the property has 1 kitchen, but on the second and third floors, all water and electricity pipes are pre-installed, allowing for the easy addition of 2 more kitchens.
Tastefully renovated in 2020, it retains authentic details that add personality and charm while adapting to the demands of modern life with open kitchens, bright living areas, and versatile dining rooms.
The current layout includes 8 bedrooms, 7 bathrooms, and a guest wc, ensuring comfort and functionality for both residential and tourist use.
Some of its most notable features include:
- Main entrance and independent access from the street, facilitating its division into several properties.
- Rentable double parking space just 5 metres away, a true privilege in the centre of Javea.
- Enviable location: just steps away from shops, restaurants, services, and the vibrant local life, with no need for a car.
- Large patio next to the living/dining room and several terraces to enjoy with friends or family in the incredible Mediterranean climate.
This property is ideal for those seeking an impressive and large property in the old town of Javea or an investment with high rental potential, either through holiday rentals or long-term rentals.
Its strategic location and high demand for quality housing in Javea guarantee a solid and successful project.
A village house with character, history, and a privileged location that makes it a unique opportunity.
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This House is located in Javea in Spain
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Buying a Property in Spain
1. Putting down a Holding Deposit
On finding a property you wish to purchase you will need to negotiate the terms, price and conditions of the sale with the owner. This part of the process is not binding. We would recommend using an independent English speaking legal advisor. Once a purchase price has been agreed, normally a holding or reserve deposit will be required to ensure the property is removed from the market. The sum required will vary between properties and will be based on the purchase price. A time limit for the preagreement to be signed will be arranged and there will also be legal checks to be made.
2. Setting up a Pre-agreement (Contrato privado de compraventa)
The pre-agreement will set out the conditions under which the Buyer and Seller agree to complete the purchase of the property and the price they have agreed upon. Relevant details will generally be included for example the property details, purchase price and the date for completion. A deposit will be required at this point, this will vary, but will generally be 10% of the agreed price. This agreement will include a penal clause if the sale does not go through. If the seller pulls out of the sale your compensation will be double the deposit you have paid, but if you decide not to go through with the sale then your deposit will be lost. Certain checks will need to be made before signing the contract, checks should be made against the title of the property, mortgage status and if the property has any debts held against it. The planning status should also be looked into. These conditions can be varied by the seller and the buyer and other types of agreement can be made.
3. The Contract (Escritura de compraventa)
Before a non-Spanish purchaser can buy a Spanish property they will need to have set up a Spanish bank account and obtained a Spanish tax number (NIE). The completion will take place in the presence of a Notary Public. This is a Spanish public official, by law the deed of sale must be witnessed by a Notary Public. You will also need your own independent, expert legal advisor to act on your behalf. On Completion the buyer must pay the balance, that is the price agreed after the deposit has been deducted, plus any other fees on the completion date. Both buyer and seller must sign the Escritura de compraventa contract, (this is the Spanish equivalent of the title deeds). The title deeds (escritura) will be given to the buyer, this will be done in the presence of a Notary Public, they will certify that the transfer has taken place. The tax office will be sent a copy and the property registry will be informed of the transfer.