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Studio apartment for sale on Castle Harbour in Los Cristianos for only £49,950!!! This is the best priced studio on the complex and given the rental income it generates, this is a fantastic bargain for an investor.

The Castle Harbour complex is situated in the Oasis del Sur area of Los Cristianos and there are plenty of bars, restaurants and entertainment very nearby. A thriving area and constant influx of holidaymakers makes this an ideal place to purchase a holiday apartment for personal use and for solid rental income.

The interior of this studio measures 35m2 and there is a good sized (10m2) balcony. The apartment comfortably sleeps 2 adults and 2 children and has a kitchenette for self catering. Sold fully furnished, the apartment can be rented out/used immediately and you can expect around 200€ per week from holiday lets. It has its own database of tenants so you can take over the rentals and you have an immediate income provided.

The complex is well located with its own pool and tennis courts and is suitable for adults and children alike with bus routes and a taxi rank in the immediate vicinity. Castle Harbour has its own 24 hour reception, rental agency on site, key holding facilities, laundry/apartment cleaning and can even give you rental clients if you don´t have your own. However the best returns are achieved if you can generate your own rental clients.

Simply the best price ever on Castle Harbour at £49,950 and very good returns from rentals make this an attractive proposition if you are looking to pick up a bargain in one of the most popular complexes in Tenerife.

Rental Income

With its own source of clients and no agency fees, this property rents out for an average of £160 per week over 41 weeks per year giving total gross rental income of £6,500 per year (7,500€.)

Community fees per year are around 1,440€, cleaning costs are around 1,150€ per year and water and electricity are around 450€ per year giving total deduction of 3,040€ leaving a net profit of 4,460€ per year or £3,900. So the studio easily covers all of its costs leaves the owners with a tidy profit and 11 weeks per year free to enjoy it themselves.

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 25,000€ cash down with mortgage payments from as low as 190€ 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.)

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