5-bedroom Villa For sale in Javea 574 m2 - VL23111C14A7

Investment project - villa for renovation with 5 bedrooms and 5 bathrooms in the area of luxury residences in Javea, Costa Blanca.

The total area of the house is 574 m2, the plot is 2976 m2.

On the ground floor there is a living-dining room, a very large separate kitchen and 5 bedrooms, an office, 2 bathrooms, 2 toilets and a patio. There is a garage of 81 m2. The house has a swimming pool 6x12 m and a veranda with a barbecue and a toilet. The villa needs a complete renovation. Currently, preparations are underway for repair work.

Estimated repair time is 4-5 months, the cost of repairs is 100-150,000 euros.

Beaches, city center, international schools are 15 minutes away by car.

This project is interesting for both direct resale and rental business, as the villa is located in an exclusive area with high rental demand. The current average price of a villa in good condition in this area is 1.250.000 euros.

In the case of a rental business, the estimated rental income is at least €50,000 per year.

The expected market price after 5 years of lease is 1.350.000 euros.