2 Bedroom ground floor apartment in Biltmore, Jardin San Miguel, Las Chafiras, Tenerife. Master bedroom en-suite, garden, 2 communal swimming pools, sun terraces. URGENT SALE – BARGAIN PRICE!!!  110,000€, Fantastic buy-to-let potential.

You will not find an apartment of this type, at this price on any other website in Tenerife – this is a one of a kind offer!

These apartments have recently been sold for over 145,000€ and will value upwards of that figure. We thought we had found the best possible 2 bedroom apartment earlier this week with the distressed sale of the 2 bedroom apartment in San Isidro

That one is now on the market for 120,750€ – a bargain! BUT we have beaten that price and now have this one available for only 110,000€!!! This apartment is absolutely brand-spanking new and has never been lived in. The Biltmore complex in Las Chafiras is a great community and very popular with expatriates from many European countries. It has two communal swimming pools, sun lounger areas, elevators, security, controlled access and is close enough to pretty much everywhere you would want to go in the South of the island. What really sets these complexes apart though are the low community fees, they are less than a third of similar apartments and make a huge difference to your overall cost of living.

They are very popular long term rentals and given the amazingly low price of this one we are able to say once again this is “Buy-to-let positive!!!” Rental income on 2 bedroom apartments in this area varies between €550 and €750 per month, far higher than mortgage repayments:

• Buy for €110,000 cash (plus 10% costs, approx. €11,000)

Or

• With an 80% mortgage (€88,000) and €22,000 cash (plus 11% costs, approx. €12,100)
  Mortgage of approx *€238* per month interest only or €383 capital repayment.
• Consult our Tenerife Mortgage Calculator for further details

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