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Investment Opportunity: Property for Complete Renovation / New Construction Project

Frontline beach, Near golf, Cancelada, Estepona, Malaga province

949,000 € Updated 19 hours ago

150 m² built, 2 bedrooms, 2 bathrooms, 535 m² plot, garden (private), garage (private)

For sale villa in Cancelada

Investment Opportunity: Property for Complete Renovation / New Construction Project

Executive Summary:

This property offers exceptional potential for appreciation. Currently in a state of disrepair requiring complete renovation or demolition, this plot provides a solid foundation for developing a custom residence in a well-established location. Its true value lies in its buildable area and the versatility of its future design.

- Technical and Urban Planning Specifications

  • Current State:
    Property for complete renovation/reconstruction.
  • Plot Area: 534 m²
  • Buildability: 30% of the total plot area, allowing for a construction of up to 450 m².
  • Permitted Configuration:
    Possibility of developing a two-story house (Ground Floor + 1) plus the option of adding a basement/semi-basement to maximize usable space.
  • Suggested Layout: Ideal for a 3 or 4 bedroom project with open-plan social areas and a private garden.

- Project Strengths

  • Total Customization: Requiring a complete renovation, the buyer can design every corner according to their needs and modern standards.

  • Space Optimization: Regulations allow for a significant expansion of the current volume through the addition of a second floor and basement.
  • Profitability: An excellent opportunity for investors (Flip House) or families seeking a custom-built home below the market price of new construction.

- Property Details and License

  • Legal Status: Documentation ready for obtaining a building permit, URBAN PLANNING REPORT.
  • Land Use: Consolidated urban land zoned for single-family residential use.
  • Utilities: Water and electricity connections are active/available (saving on connection costs).
  • Approximate Location: Located in a quiet area of ​​Playa del Sol, Villacana.

With excellent access to main roads and local services.

Property Details

  • GR8991313
  • Villa
  • 2 Bedrooms
  • 2 Bathrooms
  • 150 m² Built
  • 535 m² Plot
  • 93 m² Interior
  • 40 m² Terrace
  • Garden (Private)
  • Garage (Private)
  • Beach Side
  • Close to children playground
  • Close to golf
  • Close to schools
  • Close to sea / beach
  • Close to shops
  • Close to town
  • Fireplace
  • Front line beach
  • Panoramic view
  • Renovation Needed
  • Sea view
  • Transport near

Price, costs & taxes

Asking price 949,000 €
Built m² 150 m²
Price per m² Built 6.327 €

The sale price does not include expenses and taxes. Additional costs for the buyer: registration and notary fees, ITP (Transfer Tax) or in its absence VAT, and AJD (Stamp Duty) on new properties and subject to some requirements to be met. These costs and taxes are different depending on the province / autonomous community where the property is located and even on certain specific aspects of the buyer. All details and information sheet are available upon request from GR8 Real Estate. This information is subject to errors, omissions, modifications, prior sale or withdrawal from the market.

About the building

Year Built 1970
Floors 1
Levels 1
Property type Villa
EPC In Progress

Listing agent

GR8 Real Estate

GR8 Real Estate Real Estate agents in Estepona +34 630 35 01 80

Location

  • Cancelada
  • Estepona
  • Malaga province
GR8 Real Estate

GR8 Real Estate Real Estate agents in Estepona +34 630 35 01 80

Other property options

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  • 3 baths

This charming Andalusian-style villa is located in the peaceful area of Las Lomas, El Padron, Estepona, set on a private plot of ...

Disclaimer This is a property advertisement (REF GR8991313) provided and maintained by GR8 Real Estate, Avenida de Manolete, 529 29660 Marbella Málaga, and does not constitute property particulars. Whilst we require advertisers to act with best practice and provide accurate information, we can only publish advertisements in good faith and have not verified any claims or statements or inspected any of the properties. PropertyTop.com does not own or control and is not responsible for the properties,website content, products or services provided or promoted by third parties and makes no warranties or representations as to the accuracy, completeness, legality, performance or suitability of any of the foregoing. We therefore accept no liability arising from any reliance made by any reader or person to whom this information is made available to.