2 bedroom Apartment for sale in Valencia, Valencia, Spain

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Property marketed by Cabanyal Estate

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Discover a fantastic investment opportunity in the highly sought-after El Cabanyal district, right on Calle Vicente Brull! This recently renovated third-floor property has been cleverly divided into two fully independent studios, offering a unique chance to generate substantial rental income.Each studio features its own private entrance, comfortable bedroom, well-appointed bathroom, and dedicated kitchen, ensuring maximum tenant appeal and privacy. Adding to the allure, one of the studios boasts a delightful balcony, a coveted feature for enjoying the vibrant atmosphere of El Cabanyal.Currently tenanted with active contracts, this property provides an immediate net monthly income of €2,150:Studio 1: €1,050 / monthStudio 2: €1,100 / monthThis impressive income stream makes it a true turnkey investment for those seeking immediate cash flow from a strategically located asset.Investment Highlights:Prime El Cabanyal Location: Situated on Calle Vicente Brull, in one of Valencia's most vibrant and in-demand neighborhoods.Dual Income Potential: Two independent studios maximize rental returns.Immediate Cash Flow: Already tenanted, providing instant income from day one.Fully Self-Contained: Each studio offers complete independence with its own facilities.Balcony Advantage: One studio features a desirable balcony, enhancing its rental appeal.Third Floor (No Lift): Please note this property is located on the third floor without elevator access.Don't miss out on this exceptional opportunity to acquire a high-performing investment property in the heart of El Cabanyal. Contact us today to learn more and arrange a visit!

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Property Features

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2 bedrooms
2 bathrooms
87m² Build size
air conditioning yes
furnished
doble glazing
construction year: 1961
orientation: Oeste

Costing Breakdown

Standard form of payment

Reservation deposit

3,000€

Remainder of deposit to 10%

25,500€

Final Payment of 90% on completion

256,500€

Property Purchase Expenses

Property price

285,000€

Transfer tax 10%

28,500€

Notary fees (approx)

600€

Land registry fees (approx)

600€

Legal fees (approx)

1,500€

* Transfer tax is based on the sale value or the cadastral value whichever is the highest.

** The information above is displayed as a guide only.

Mortgage Calculator

Mortgage Amount:

285,000€

Deposit:

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* The information above is provided by The MHI Group and displayed as a guide only. Individual circumstances could change the rate we offer for a mortgage. Please click the link below to get a personalised quote.

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Spanish Property News & Updates by Spain Property Portal.com

Navigating Property Purchase Tax in Spain: Tips for Smart Savings

In Spain, two primary taxes are associated with property purchases: IVA (Value Added Tax) and ITP (Property Transfer Tax). IVA, typically applicable to new constructions, stands at 10% of the property's value. On the other hand, ITP, levied on resale properties, varies between regions but generally ranges from 6% to 10%.