Country House, Gilet, Valencia, Spain

Site ref: DM1000

Agent ref: VALGilet

Listing type: Re Sales

Country: Spain

Region: Valencia

Town: Gilet

View a map of the area

Property type: Country House

Floors: 4

Bedrooms: 9

Bathrooms: 3

Year built: 0

Floor space: 975m²

Area of land: 2200m²

Starting price: €495,000

Nearest airport: Valencia

Description:

Excellent opportunity to purchase a potential mansion. This huge house of 975m2 built space sits on a 2200m2 plot just a few minutes drive from Gilet and ten minutes from the beach at Sagunto. It is a fairly leisurely 20 minute drive into Valencia.

The house itself is set on four floors. The main floor comprises a huge living room with sweeping staircase, a kitchen which needs some work, four bedrooms and a bathroom. There are large covered and arched terraces to the front and back, the latter which overlooks the pool. The first floor has anothr huge living/conference room, five more bedroom, two bathrooms and again huge terraces overlooking both the front and back. Upstairs there is an attic which has three seperate areas currently used for storage and a roof terrace.

Downstairs there is a very large games room, with a second kitchen leading out to the pool area, another bathroom and storage space. The floor in the games room is to be relaid very soon. The structure is very solid and the modernisation of the house has included painting, treating all of the metalwork balustrades and painting them, fitting a new filter unit into the pool and renewing the crown stones around the pool and a clean up of the garden. There is still work to be done but there is plenty of potential to make this into a huge extended family house as a base for group holidays.

Obviously there is electric, water and as there was previously a phone then there is no problem with getting one should it be required. Outside the garden is full of possibilities. The pool is 16x9m2 and has a new filter sytem. It is fenced off for anyone worried about their children. The barbecue area is inviting and there is an orchard too full of oranges and lemons. There is a rather disused tennis court which has been recently used as a car park for parties but only a single car garage.

The valuation on this house was 783000 Euros in 2004/5 and the current mortgage is 495000 Euros which could be taken on by anyone buying (2650 Euros pcm). The mortgage could also be extended up to 80% of valuation for residents and 70% for non residents meaning in effect not having to pay anything out for the house as long as your income justifies the monthly repayments.

We see this house as having potential for groups of friends wanting a shared property abroad, cultural and religious groups or for someone looking to start up a rural hotel. The investment potential is huge as the airport is just 25 minutes away and there are large scale leisure projects planned for Sagunto to complement those happening in Valencia based around the America’s Cup. It is set in a valley far enough from the motorway to not hear it and it enjoys mountainous views all around.

http://www.youtube.com/watch?v=Z-geBfpFsws&feature=player_embedded

Home features: Balcony Garden Pool - Private

Agent Details

David Potts, Damatt Property - Contact agent - View all this agents properties

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