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Repossessed Apartments in Murcia

Status: Available
Reference #: SW755169
Listing Type: For Sale By Owner
Property Type: Flat/ Apartment
Est Value: £ 235,000
Reduced Price: £ 139,000
Investment Summary: Repossessed properties in Murcia with stunning sea views with up to 40% discounts
Location: Mazaron Murcia
Costa Calida property Spanish Property Overseas Property
Style: New Build Property
Year Built:
Half Bathrooms:
Lot Size (acres):
Size (square feet):
Garage: Attached
Basement: Finished
Features: Balcony, Double glazing, Pool
Additional Out Buildings:
Appliances Included:
Submission Date: 10-08-2010
Last Update: 01-06-2011
Agent Details: Sarah Ward
Company Name: Home Sales 4 U
Phone Number:
Mobile Phone:
Repossessed apartments in Murcia, located in Mazarrón, just few metres away from the beach and from Paramount's new Theme Park, the first and biggest in Europe. All of the apartments have sea views and walking distance to the beach.
These apartments are sold 30-40% below market value, and have 100% finance,  this mortgage is a builders mortgage that has been set up already, so there aren't any costs involved. Prices depend on the debt of each property with the bank, the prices start from 139.000 Euros
These mortgages are fixed, at 2 to 2,5% interest only for the first 3 years, and euribor + 1% for the other 27 years.
The breakdown of the mortgage figures is;
annual mortgage:
Price including V.A.T 150.000 Euros
Monthly mortgage @ 2% 250 Euros
annual 3.000 Euros
Minimum rental income : 6.000 Euros
profit per annum (min) 3.000 Euros
The purchase process is very easy, the client chooses a property, to reserve a and just needs p60, payslips, credit report and passport.
Once the mortgage is approved the client will need to come over to Spain, complete the purchase at the notary.

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Photo Gallery

View from property
All apartments enjoy an excellent sea sea view.

Outside of the development
A view from the outside of the development.

Sea views from sun terrace
Excellent sea views can be enjoyed while dining on the sun terrace.

Bird eye view of the development
An aerial shot showing a birds eye view of the o=location of the development. The beach is walking distance away.

Interior shot
Showing the inside of a typical apartment

Terrace views
Views of the hills from the sun terrace.

View from the outside
Outside of the property.

Showing the inside of the puppetry.

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