Area: El Escabonal
Mortgage available: 132,300€
Mortgage per month: 576€
Cash deposits needed: 77,500€
Exterior m2: 1500
Garden: Huge gardens
Community Fee per month: N/A
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A beautiful finca / rural property for sale in the Spanish village of El Escobonal, on the East coast of the island towards Guimar. Priced at just 189,000€ for this you get all of the following:
- Main house with 3 bedrooms and one bathroom
- Second building/house with 1 bedroom and bathroom
- A cave converted to a wine cellar
- 1,500m2 land
- A pool!
This large rural retreat is situated on 1,500m2 of land and is south facing with great views to the coast. The main house has 3 bedrooms and a large family bathroom, a spacious lounge and a fully equipped kitchen. From the main house you have direct access to the pool area where there is a large terrace with a BBQ area. Near to the main terraced area is a large plot of land (500m2) which has been prepared for cultivation and crops – it would make an excellent vegetable patch for a keen gardener looking for a bit of “The Good Life” and there are already fruit trees growing here. There is a covered parking area already and plenty of space available if you wanted to build a garage.
The second building / granny flat or annexe – whatever you want to call it has 1 bedroom, 1 bathroom, a full sized kitchen and a lounge. There is also a storage and utility area, toilet and a workshop. Off this area you also have another large room with a cave converted to a wine cellar. Nicely set up if you want to try your hand at cultivating your own grapes and producing your own wine – something which is very popular in these parts near Guimar and where some of the best wine in Tenerife is made – I know as I visit the vineyards up here on a regular basis to buy my own supply!
The property has fantastic views and is in a beautiful location around 6kms from the main TF1 motorway. The centre of the village is just 2 minutes away. If you are looking for peace and quite and the authentic Canarian lifestyle then this is it. Get yourself a couple of goats and donkey and you´re good to go!
An important point about the land that is sold with the property is that it is classified as urban residential and the full square metres are registered on the deeds – which is rather rare for rustic/rural properties in this region.
You can get to the South Airport by car in around 20 minutes and Santa Cruz de Tenerife (the islands capital city) is around the same in the opposite direction.
Mortgages in Tenerife
We can offer a 70% mortgage on this property meaning you could borrow 132,300€ at a rate of 3.25% over 30 years. Monthly repayments would be around 576€ and you would require a deposit of 30% plus an additional 11% to cover legal fees and taxes. Total cash required to purchase would therefore be around 77,500€
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