Chalet en calle Juan Ramón Jiménez

This is a capital release opportunity featuring a charming townhouse located in Benijofar, Alicante. The property is valued at €175,000, with an initial payment of €51,550. Following this, a monthly annuity of €350 will be paid over a period of 120 months, culminating in a total investment of €93,550. This structure includes a significant discount of 47%, covering all buyer fees.

What sets this property apart is its unique capital release arrangement. The current owners, aged 62 and 69, will retain the right to occupy and enjoy the home for the remainder of their lives. This concept, known as "bare ownership," allows you to acquire a stake in the property at a favorable price compared to its market value.

Here’s how it operates: you purchase the bare ownership in exchange for a discounted price, creating two distinct property rights. The first is usufruct, allowing the seller to reside in and utilize the property for their lifetime or a specified term. The second, bare ownership, means you legally hold the property but cannot occupy it until the usufruct period concludes. Once this period ends, all rights to the property, including occupancy, are transferred to you. This arrangement not only allows you to invest in the potential future value of the home at a lower upfront cost but also ensures that the seller can continue enjoying the property.

The townhouse spans three levels and has been divided into two independent apartments. The main apartment features a two-level layout that includes a hallway, a guest bathroom/laundry area, a spacious living room, an open kitchen, a main bedroom, and a family bathroom. A spiral staircase leads to a small second bedroom, alongside a conservatory area currently used as an office, which opens to a rooftop solarium (soon to be enclosed as a sunroom). Additionally, there is ample storage available in the attic space.

The ground-floor apartment boasts an independent entrance and includes a generous living area, a modern kitchen and dining area, a main bedroom, a second bedroom (currently utilized as an office and storage), and a family bathroom. The property also features an integrated garage with electrical connections and a garden with trees and artificial grass at the front and side. Both the buyer and the seller will be safeguarded by comprehensive contracts, meticulously sealed and notarized by a Spanish public notary and registered in the Spanish property registry.

Key property details include a built area of 160 m², a plot size of 170 m², and a construction year of 2003. The property tax (IBI) amounts to €308, while community fees total €275.