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Plot of Land in Southern Spain

Asking Price: £42,000

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£245.02 per month

This shows approximately how much you would be looking at per month in mortgage repayments, over a term of 25 years with an 5% deposit (in the case of this property £2,100).
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Typical Mortgage Rates

  • 5.27%
  • 5.50%
  • 6.20%
  • 6.80%
  • 6.90%
 
Plot of Land in Southern Spain

Property Details

Plot of Land near Alora, Malaga, Spain for only 60,000 Euros. The land comes with approximately 8 - 10,000 sq. metres planted with almonds and olives. It is in a very private location with (from the plot) no view of any neighbours although by no means not isolated.
Alora is in a most sought after location, being only 40 minutes from Malaga and the beaches, on a good train line and with very good amenities in the town.
The plot is already levelled with it's own drive and access. Planning permisiion would be given for a small house (almacen), which could initially be used for a holiday home or for holiday letting. After two years the property could be extended to a larger family home for permanent living. Ideal for someone who wants to get on the property ladder in Spain early but does not yet wish to live here permanently. Ideal too for someone capable of doing most of the building work themselves over a period of time. There are English builders near who would be highly recommended by us and by others living in the area.
Electricity is near (less than 1 kilometre away)or for 'green' buyers ideal for using solar powered electric. Water has been 'divined' on the land so a borehole could be drilled, alternatively water can be delivered very cheaply.
The plot looks to El Torcal and to El Chorro in the distance, both mountains being visited for their interest by tourists.
Compared to most plots of land in the area this is indeed a bargain.