Project in Ruzafa
6 bedrooms | Apartment | City | Valencia City
Property: 140 m²
Price: € 180,000 Euros.
When this type of property becomes available you do wonder, whats the catch, is it legit or Too Good to be True?
So we did some investigation and have it under good authority that its legal and a building licence will be granted, so on to the facts.
140m2 of the whole 3rd Floor (No Lift and No Chance) it is also the top floor so you can expose those vaulted ceilings and renovate this blank canvas just a few metres from the Train Tracks that are destined to be rerouted underground according to Phase 3 plans for Central Park. Admittedly, this could take a while (Spain is Different remember) but at the time of writing and in a very buoyant market something like this with a full renovation would be close to 400k, so who knows in a few years….
Anyway “ If you want the rainbow, you gotta have the rain” and as you can see from the photos, there is a few issues, its a total mess, a wreck, a hovel, a dive, a sithole, and you’d want a full survey to make sure its not going to fall down when you sneeze. The building next door is a bit of a mess aswell so you have to weigh up the pros and cons.
You got to know when to hold 'em, know when to fold 'em,know when to walk away, and know when to run.
Thanks to Dolly and Kenny, now its over to you.