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Description

INVESTMENT OPPORTUNITY – HOUSE WITH POTENTIAL FOR 4 APARTMENTS IN ESTEPONA

Property for sale at a reduced price due to special conditions: the owner, 92 years old and in delicate health, retains a lifetime usufruct only on the ground floor, where she currently resides.

This allows buyers to refurbish and exploit the upper floor immediately, with the possibility of converting it into two independent apartments, while securing full availability of the ground floor in the future.

Surface:

Plot: 121 m²

Construction: 223 m² distributed over two floors

Rooftop: 121 m², with potential to create a solarium, communal area

Current state:

Ground floor (usufruct): old but habitable property, currently occupied

Upper floor (available): requires renovation, with potential to be divided into two apartments

Development potential:
The property, with a single deed, can be reorganized into up to 4 independent apartments (two on the ground floor and two on the upper floor).
Estimated rental income: at least €1,100/month per apartment → more than €4,000/month once the project is completed.

Prime location:
Located in the heart of Estepona, just a few minutes’ walk from La Rada beach and the Old Town, surrounded by shops, restaurants, services and leisure. One of the most sought-after areas of the Costa del Sol, ideal for both long-term and holiday rentals. With over 300 days of sunshine per year, the rooftop becomes the perfect outdoor living space.

Investor advantages:

Reduced price thanks to partial usufruct

Immediate rental potential by refurbishing the upper floor

Single deed and single property tax (IBI)

Spacious rooftop for communal or leisure use

Strong demand in Estepona centre

Conclusion:
A unique property, partly under usufruct but partly free to exploit today. An excellent opportunity for investors seeking immediate income and strong medium-term capital appreciation.

Features

Condition: Renovation Required
Fitted Wardrobes
Near Transport
Private Terrace
Solárium
Utility Room
WiFi
Not Furnished
Kitchen: Fully Fitted
Orientation: North
Parking: Street
Close To Schools
Close To Shops
Close To Town
Commercial Area
Town
Street Views

Zona

Dynamic Map

REF# R5182528

Townhouse 5 Bedrooms 3 Bathrooms in Estepona

Estepona

Beds :

5

Baths :

3

Built :

223 m2

Terrace :

11 m2
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535.000 €
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Testimonials

Funda güner

We would like to thank Rishi and Zeynep from Luxsol Estates for not only helping us find a house with the features we were looking for in our search for a house in Malaga, Spain, but also for preparing all the necessary documents and notary procedures since we do not speak the language. Thanks to you, we live in peace and happiness in our house. Thank you again.

Voshmgir Daryoush

When I was searching online from Vienna for a modern apartment in Cota del Sol, I came across many real estate agents. I have written them in much detail as possible about what I am looking for and in which areas of Costa del Sol. I really noticed one of the real estate agents who replyed my questions very fast and in great detail quickly. This company was, Luxsol Estate SL managed by Mr. Rishi Kishumal. I had about 50 apartments on my list. He even came to Vienna in September 2020 to discussed some of the projects with me in very detail. During our 10-day stay in October 2020 in Fuengirola and viewing many projects that the agent showed to us my wife and I finally decided for a luxurious apartment in La Cala de Mijas. In the meantime, we have acquired another 2 apartments with his help as investment properties in the surrounding area. I also recomanded him to some family members and friend of us who also invested in 4 further apartments by his help. In the meantime we have become very good friends with each other and we recommend his company and services to any investor who wants to buy a property in the Costa del Sol region in Spain.

Azar V

We have purchased our flat in Costa del Sol through Luxol Estates SL. We are very satisfied with their services. This is a team of professionals who listens and understands their customer’s needs. Mr. Rishi, the C.E.O of the company, has many years of experience in this field, therefore he knows very well the market. On the other hand he is constantly available and ready to help. I highly recommend this company to anyone who is looking for any types of property in this region.

Natalie Ahluwalia

Rishi has been excellent from day one when he presented to us. He helped us find a ‘new build’ holiday home which is perfect for the family. Thank you very much.

Fuengirola

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