Opportunity to buy 2 beachfront studio apartments in Playa de Las Americas for just 140,000€ (reduced from 225,000€.) The owner is slightly negotiable on price although these are already unbelievable value for money

What a bargain! Two front-line studio apartments with excellent rental potential have just been put back on the market at a massive discount. These were previously on sale for 126,000€ and 119,000€, total asking price: 225,000€!!! The owner has an urgent requirement to sell and will now take just 140,000€ for them both.

The photos show the views from the terraces and just how close to the beach they are – a massive selling point when it comes to renting them out to holidaymakers. Both apartments have large sunny terraces and of course – great sea views. The big advantage here is you could use one yourself and still be making an income from the other. The name of the complex is Galaxia and it is on the main promenade along the coast, right in the middle of everything – brilliant holiday properties.

Both studio apartments are 38m2 inside, one of them has a 12m2 terrace and the other a 16m2 terrace. Total interior is therefore 76m2 with total exterior 28m2. Given these dimensions (some 3 bed apartments are smaller than this!) you would pay A LOT MORE for a property this size, in this area. They are being sold fully furnished (buy it one day and rent it the next) and have low community fees. Stick a picture of the terrace and sea views on a holiday rentals site and watch the bookings flood in!

Rental Income

These studios have been rented out as long lets for 1,000€ per month. They take more as holiday lets but long letting is the “hands-free” option and 1,000€ a month is a very decent return. You could opt to long-let one of them and holiday let the other so you could still use it for your own holidays. Either way, the choice is yours and there is plenty of income available from them.

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Mortgages in Tenerife

Need a Tenerife mortgage? No problem, we can offer up to 70% of the purchase price at rates from 2.5% for up to 30 years. With those terms you could buy this for around 57,400€ cash down with mortgage payments from as low as 388€ 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.)