3 bedrooms apartment in Getxo, Biscay, Spain

Based on the description provided, the property in question is a 110 m² apartment located in Algorta, Getxo, Biscay. It's situated near the Maria Cristina Park and has a monthly rental price of 1,400€. From a buyer's perspective, this property has the following attributes: 1. Size & Layout: The apartment offers three bedrooms, two bathrooms, and a living room with a chimney. This layout is suitable for small to medium-sized families or individuals who require more than a studio. 2. Furnishings: The apartment is completely new and comes fully furnished. This includes the kitchen, which is already equipped with a cooktop and storage space. 3. Comfort & Amenities: The property offers central heating and air conditioning provided by gas natural, which translates to a comfortable living environment year-round. Additionally, it has an elevator, which would be convenient for elderly or physically challenged tenants. 4. Location: Renting in Getxo is not only close to the city center, but also to the Maria Cristina Park, which is a valuable amenity for residents who value green spaces and recreational activities. However, it's essential to consider if noise from the city might be a nuisance. From an investment perspective: 1. Rental Demand: The rent for the apartment is set at 1,400€, which is a relatively high price, but competition in Getxo may keep this figure from increasing substantially. 2. Investment Return: The potential return on the investment will depend on your financial goals. Considering the rental price, you may expect around 3.57% per year or less, depending on the taxes and other expenses. 3. Growth Potential: In the long term, property values in Getxo may appreciate with increasing demand and a rising population. However, it's difficult to predict the precise rate of growth. As a lifestyle purchase: 1. Pros: The apartment offers a fully furnished and comfortable living space in a lively neighborhood. Getxo is a modern city with many amenities, and there's a good amount of green space for residents to enjoy. 2. Cons: On the downside, noise from the city may be a concern for some residents, and parking could be challenging given the limited space. The high rental price might also leave little room for savings or unexpected expenses. In conclusion, the apartment in Getxo, Biscay, is a good option for those willing to pay a premium to live near the city center and close to parks. For investors, the property could provide a steady income stream, but with moderate growth potential and limited long-term returns.