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2 bed, 2 bath townhouse for sale in Palm Mar at 139,500

Exclusive to TenerifeEstateAgents.net and our partners. Back on the market!!!

Quick sale expected on this one, amazingly low price so no offers please!

We had this property for sale in September but unfortunately the owner took a 6 month let on the place shortly after we listed it. We had a lot of interest in the property and several offers from people who hadn’t even viewed it! It is a great property at an outstanding price. The owner knows this and given that he has priced it so low, he simply is not interested in speculators and punters trying their luck with “cheeky offers” – basically he wants his full (and very low) asking price. Personally, after all the interest shown previously, we believe he will get it!

Reduced from an original list price of 180,000€ to just 139,500€ this 2 bedroom townhouse for sale in Palm Mar offers outstanding value for money. Two bedroom apartments generally sell for more than this!

This property is situated at the end of a cul-de-sac (so no through traffic.) The beach is a short walk away and there is a bar/cafe across the road. Close by is a shopping centre, taxi rank, bus stop and plenty of other bars and cafes. There are two very nice tapas bars very close to the property which we spent some time in shortly after taking photos. It´s a really nice, peaceful area with everything on your doorstep.

Downstairs, there is a large spacious lounge with a corner kitchen and all modern appliances. Next to the kitchen is a shower room and toilet. At the far end of the lounge there are double patio doors leading out to the garden. The garden is a good size (around 30m2) and could easily accommodate a small pool or a large hot tub. Most of the neighbours have installed one or the other.

Upstairs you have the master bedroom with balcony. From the balcony there are excellent sea views and views of La Gomera, (the neighbouring island.) The master bedroom has a double bed and fitted wardrobes. The second bedroom has two single beds. The apartment is being sold furnished and is in very good condition.

Additionally the property comes with its own underground parking space in the secure garage. Two security gates separate the garage from the public road. Several owners have walled in their garage spaces to create completely private underground car spaces.

Palm Mar is a vibrant little town of mainly new build and modern properties. It has its own promenade and a rugged beach. Adjacent to Palm mar is a huge nature reserve which can never be built on. This is very popular with walkers and cyclists and stretches right the way down the coast for several kilometres. Recently a new bus service has started and a taxi rank has been added. There is a mixed population here of predominantly British and Spanish and the price of housing has typically been quite high as it is an upmarket area. There are plenty of bars and restaurants in the town and Los Cristianos is just a 10 minute drive away.

We have keys and the property is vacant. Call us for a viewing (best number is 0034 67 111 4013) and the first bargain hunter to place a 2,000€ reservation takes it. A cracking property at a very low price!

Mortgages in Tenerife

Need a Tenerife mortgage? No problem, we can offer up to 70% of the purchase price at rates from 3.25% for up to 30 years. With those terms you could buy this for around 56,000€ cash down with mortgage payments from as low as 428€ per month. Pre-qualification takes 10 minutes over the phone and we can then submit for underwriting once we have the relevant paperwork (contact us for more details.)

Last updated by Andy Ward.