2 bedrooms house in Elche, Alicante, Spain

The described property is priced at 98,000€ and located in Elche, Alicante. From a buyer's perspective, this property offers several appealing features: 1. Location: Elche, Alicante is a charming and popular destination, known for its mild climate, beautiful beaches, and rich cultural heritage. This makes it an attractive place to live, and it can also be a good investment since tourism and amenities that cater to tourists can stimulate the local economy. 2. Property characteristics: A reformed bungalow (all legal) with a large living and open kitchen, toilet, front terrace, 2 bedrooms, and 1 bathroom with jaccuzi/bath on the 1st floor. The property appears to be well-maintained and offers a good level of comfort and space for a small family or a group of friends who wish to share a vacation home. 3. Price: At 98,000€, the property is competitively priced for the current market in Elche. It is worth considering whether the price reflects the actual value of the property and the current condition of the real estate market. For real estate investment: 1. Potential for rental income: The property could be rented out to tourists, as it is located in a popular vacation destination. However, the average rental income depends on factors such as the season, location, and competition in the area. 2. Capital appreciation: The property's potential for capital appreciation can be assessed by examining factors such as the growth rate of property prices in the local area, the overall economic performance of the region, and the demand for properties like this one. 3. Investment risks: Like any investment, buying this property comes with risks, such as potential drops in property values, maintenance costs, and the unpredictability of the vacation rental market. As a lifestyle purchase: 1. Comfort and space: The property offers a good level of comfort and space for a small family or a group of friends. The living room, kitchen, and bedrooms are of a decent size, ensuring a good quality of life for the occupants. 2. Outdoor spaces: The front terrace provides an outdoor area for relaxation and entertainment. This can be particularly appealing if you enjoy spending time outdoors or hosting guests. 3. Flexibility: Buying this property as a lifestyle purchase allows you to enjoy all the benefits of owning a vacation home in Elche, Alicante. You can use it as your primary residence, a vacation home, or even to generate income by renting it out to tourists. In conclusion, this property at Elche, Alicante offers a good level of comfort and space, is located in an attractive area, and is competitively priced. Whether you are looking to invest in real estate or simply searching for a lifestyle purchase, this property could be a great option. However, it is important to consider factors such as the local housing market, income potential, and any possible risks before making a decision.