Interested in a 3 bed apartment in Tenerife for 105,000€?

This has to be one of the cheapest 3 bed apartments in South Tenerife. An absolute bargain of a property!

This will sell – and fast! Reduced property in Tenerife is what we like to focus on but this fantastic reduced price Tenerife property is in a class of its own. A snip at 105,000€. It is located in the Canarian town of San Miguel, close to Wingate school (handy if you have kids who will be going there) and a 5 minute drive from the  central hub of Las Chafiras.

This price is going to be very difficult to beat unless you want to buy a run down shack!. So whats the catch? Well we have been to see it and as far as we can see – there really isn’t one. The description is accurate, the property is spacious at 88m2.

The apartment itself is brand new, very nicely finished – the kitchen is particularly impressive. The doors and wood finishings are attractive and the area itself is peaceful yet convenient. A great example of the difference between “tourist prices” and “local prices”.

This property would be more suited to long term rental. It is low maintenance and would bring in a minimum of €550 per month. A good buy-to-let property and solid addition to any investment property portfolio.

• Buy for €105,000 cash (plus 10% costs, approx. €10,500)

Or

• With an 80% mortgage (€84,000) and €21,000 cash (plus 11% costs, approx. €11,550)
  Mortgage payments of approx €202 per month interest only or €350 per month capital repayment.
  
• Consult our Tenerife Mortgage Calculator for further details