House in Estepona, 5 bedrooms, 223 m² €535.000

Discover an exceptional investment opportunity in the heart of Estepona, Spain, with this versatile property ideal for development and rental income. Located in one of Costa del Sol's most sought-after areas, this property offers significant potential for investors seeking to capitalize on Estepona's thriving real estate market. The property features a 121 m² plot with a total built area of 223 m² spread across two floors, plus a spacious rooftop of 121 m² perfect for creating a communal terrace or solarium. The ground floor is currently under usufruct, occupied by the elderly owner who is in delicate health, allowing immediate access for refurbishment. The upper floor, available for renovation, can be transformed into two independent apartments, enabling a total of up to four rental units—two on the ground floor and two on the upper level. With estimated rental income of over €1,100 per month per apartment, this property can generate more than €4,000 monthly once fully developed. Situated just minutes from La Rada beach, Estepona’s charming Old Town, and surrounded by shops, restaurants, and leisure facilities, this property offers an unbeatable location for both holiday and long-term rentals. The property benefits from a single deed and property tax (IBI), simplifying ownership and management. Investors will appreciate the value of this property in Estepona, which combines flexible development options, immediate rental potential, and a prime location in Spain’s Costa del Sol. Take advantage of this rare opportunity to secure a property with strong income prospects and substantial growth potential in Estepona, Spain.