VILLA EL PINAR

€185,000

Description

Available now at a bargain price, this property presents a rare opportunity to create a dream villa in the most desirable area of one of the South Costa Blanca’s most sought after and well established locations.

On an elevated 1200m2 plot, the villa is spread over two floors, with a 4 bedroom villa on the first floor (entered at street level) and a separate 3 bedroom apartment on the lower floor over looking the rear garden.

The large veranda offers panoramic views over the protected ‘Rio Seco’ nature reserve and pine forest with the mediterranean visible beyond. If a roof garden were to be added we expect the property to offer uninterrupted  views from Las Colinas de Campoamor Golf to The Mar Menor.

The villa itself is around 40 years old and needs a refurbishment, hence the remarkably low price, however it does present a great opportunity to create a new home based around the original structure which would benefit enormously from the maturity of the surrounding area and properties. We would estimate that once completed, a freshly renovated, modern villa on this particular site from €350,000 (if it is simply redecorated with new bathrooms and kitchen) to €500,000 if it is used as the basis for a grander design.

There is plenty of scope to create something very special whilst also making a sound investment.

While the villa is cosmetically dated there are no signs of any structural weakness. The foundations are laid on rock and there is no indication of any subsidence over the lifetime of the building. Despite having been closed up for several years, there are no damp issues (beyond a small and easily repairable leak in the roof above one bedroom which has led to mould developing in that room).

The owners tell me that the villa was originally built with the structural strength to add another level on top and with plenty of space to the sides and rear of the property there is plenty of scope to amplify the living space.

Laddr International can introduce and oversee the management of local architects and builders and our in house legal team can deal will all planning applications and contracting. We can also assist with development finance in Spain or secured against assets across Europe.

If you have a dream of building your own ‘Grand Design’, then this could be the ideal place to start. Interest in this property has already been very strong and so we would advise viewing as soon as possible

Campoverde is a well established residential area just inland of Pilar de La Horadada populated with a mixture of nationalities. Spanish, British and German and Scandinavian being the most prevalent. The older part of the village, where this property is found, is largely made up of detached villas on large plots, there is a central concentration of shops, bars and restaurants as well as a medical centre, bank and two small supermarkets, all within a reasonable walk of this property.

Within a very short walk of the villa is the village’s ‘Polideportivo’ (Multi Sports Centre) which is home to multi-use sports courts, a Spanish bar/restaurant and a large public swimming pool. From the sports centre there is access to the Rio Seco Nature reserve, based around a dry river bed and canyon, the nature reserve continues all the way to the beach at Mil Palmeras.

The local town of Pilar de la Horadada is just a short drive towards the coast and the beaches of Torre de la Horadada can be reached in about 15 minute.

Lo Romero Golf course is a 5 minute drive away. Alicante airport can be reached in 50 minutes, San Javier in 20. The city of Murcia is around a thirty minute drive through the countryside.

If you are unfamiliar with el Pinar de Campoverde then you can find out all you need to know in this article we wrote about the area. 

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