Make sure you read the description well because this is not your normal Spanish property purchase. This is Bare Ownership (Nuda propiedad in Spanish) What does that mean? This is where you buy the property but the seller has the right to live there until they die. When you see these ads they will invariably include the age of the owner so let's not miss that out, mid-80s. For more information send us a mail and ask.

Why does the owner want to sell in this way? Firstly they love living there. However the owner (singular) has three children and he doesn't want them to have issues of inheritance when he shuffles off this mortal coil, he wants clarity on his affairs now. Therefore, he is offering a considerable discount to market value on this property (Current market value around 420k) for someone willing to help him sort out those affairs and take a punt on how long he may be staying around.

The property has four bedrooms, two and a half bathrooms, plenty of other rooms and is a high quality build as a German builder put it together to German construction standards. The large plot of 1100m2 has parking facilities, an office style shed, a huge swimming pool and lovely views of thew surrounding mountains. The property is set in the stunning mountain scenery of Gandia just 15 minutes from the town and a few minutes drive to the delightful small town of Barx.

As an investment it's a great house as you get a large discount on market value and as a future home in the Valencia region you won't find anything at a comparable price that offers so much but bear in mind a few things here.

1) No mortgage available as banks won't give them on bare ownership.
2) You can't move straight in.
3) You don't know the time period for when you will take possession.

However on the positive side.
1) You get a huge discount
2) The value of that investment is rising as we speak
3) The value of the bare ownership rises as time goes by and the owner gets older.
4) The current owner takes care of the property and the costs while still there.