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Villa, El Faro

El Faro, Costa del Sol

Asking price€ 840.000

Villa, El Faro, photo 1
Villa, El Faro, photo 2
Villa, El Faro, photo 3
6Bedrooms
4Bathrooms
298 m²Built
794 m²Plot
33Photos
VillaType

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INDEPENDENT HOUSE WITH 3 APARTMENTS, EL FARO,

INDEPENDENT HOUSE WITH 3 APARTMENTS, EL FARO, MIJAS

Great investment opportunity in El Faro, Mijas, offering several possibilities for rental income.

The property has 350 m² built and 295 m² usable, distributed over 6 bedrooms and 4 bathrooms:

* Main house: spacious living room with fireplace, sea views, independent kitchen, 2 bedrooms and 1 bathroom.

* 2-bedroom apartment with living room, kitchen and bathroom.

* Private enclosed garage included in the price.

* Access to a communal swimming pool, with the possibility of creating a private pool, subject to feasibility and the relevant permissions.

The property is second-hand and requires renovation, offering excellent potential to create a main residence while generating rental income from the additional apartments.

A property with strong investment potential and multiple rental possibilities in the established area of El Faro.

Features

  • Detached Villa
  • Commercial Area
  • Close To Golf
  • Close To Shops
  • Close To Sea
  • Close To Forest
  • Urbanisation
  • South East Orientation
  • Renovation Required
  • Restoration Required
  • Communal Pool
  • Sea Views
What it really costs

Buying costs in Andalusia

Spain adds roughly 8 to 13% on top of the price, depending on whether it is a resale or a new build. Here is the honest arithmetic for this home, so nothing surprises you at the notary.

Indicative only. ITP in Andalusia is 7%; new build is 10% VAT plus 1.2% stamp duty. Notary, land registry and legal fees are estimates. Your lawyer confirms the exact figures. Mortgage costs are not included.