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1 bedroom apartment in Playa de Las Americas reduced by £20,000 to just £69,950

Previously on sale for £89,950 the owner of this apartment in Torres de Yomely, Playa de Las Americas has just reduced the price to encourage a quick sale, slashing £20,000 off meaning you can now snap up this fully touristic and rentable apartment in the heart of Playa de Las Americas for the bargain price of £69,950 (approx 79,000€) There are identical properties on sale on this complex for up to 125,000€ and the cheapest one we could find is 85,000€ making this the best price on the complex.

Torres de Yomely sits in the heart of Playa de Las Americas and is close to the Veronicas strip of bars and nightclubs, all amenities, restaurants and taxis etc. The beach is literally a minutes walk from the complex. On site facilities include a large swimming pool and sun terraces, a smaller swimming pool, a pool bar and a 24 hour reception.

The area of Veronicas is famous for its nightlife and is the “go to” place for the 18 – 30´s crowd although people of all ages enjoy themselves down there. The popularity of the area is what makes the apartment an attractive investment with plenty of holiday makers looking to rent apartments on a weekly basis. As an investment these apartments rent our for between 200€ and 300€ per week depending on the time of year so the rental income is very good. Community fees are just 80€ per month and this includes water and electricity so no worrying about large bills from holidaymakers leaving the lights on!

The apartment is on the third floor and there are elevators so no stairs to climb. The lounge is large and spacious with a balcony at one end and a kitchen at the other. Off the lounge you have a decent sized bedroom with fitted wardrobes and a there is a bathroom with shower and bath. From the balcony and the bedroom you have pool and sea views (see photos.)

The apartment is being sold furnished although the furniture is not in fantastic condition so you would need to budget for replacements. If you are going to be renting out then this isn´t going to cost too much. If you intend to use this only for yourself and family then you can put your own stamp on it with your own furniture and maybe spend a bit more.

Mortgages in Tenerife

Need a Tenerife mortgage? No problem, we can offer up to 70% of the purchase price at rates from 3.25% for up to 30 years. With those terms you could buy this for around £29,000€ cash down with mortgage payments from as low as £218 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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