5-bedroom Villa For sale in Moraira 290 m2 - VL22129CFF95

Investment project - Villa in Moraira, Alicante, Spain

		Property
		Villa
	
	
		Price of lot
		
		550.000 €
		
	
	
		Location
		Moraira, Alicante, Spain
	
	
		Area
		290 m2
	
	
		Plot
		690 m2
	
	
		Additional investment cost
		263.000 €
	
	
		Espected market price 
		1.212.000 €
	
	
		Profit estimated
		
		741.500 €
		
	
	
		Expected margin
		
		90%
		
	

The villa is located in the luxury residential area of Moraira, Costa Blanca (Spain) just 5 min walking distance to the romantic city center, the port and restaurants.

The house is 290 m2, the plot is 690m2. There is a swimming pool.

The villa needs complete renovation as for now there are only the construction walls. It can be created, for example, 5 bedrooms, 4 bathrooms, parking, and a barbecue area.

This project is interesting as for direct resale as well as for rental business, because the villa is situated in the luxury area with high demand on renting.  

The estimated repair time is 3-4 months, repair costs are 150-200.000€.

Average current price of the such villa in good conditions in this zone is 950.000€.

In case of renting business estimated rental income of at least 70.000€/year.

Expected market price after 5 years of renting is 1.212.000 €

Contact us to discuss this investment project and to get more detailed calculation!