4 bedroom restoration project for Sale in Torre Del Rico for €39995


Property ID: IV13236

5 bedroom restoration project. We are pleased to offer this unusual property, which is in need of finishing, but most of the structural work is complete, and with a good roof on the main building, but the entrance area needs the roof constructing.

The current owner took it on as a project in 2006, and spent over €140,000 on it, including the purchase, new roof, steel structure, installation of electric and water.  We have had a builder view the property, and they have suggested a price of around €50,000 to complete this – meaning you would have a complete new reformed house for around €100,000.

The house itself is partially subterranean, meaning it would stay cool in the summer, and retain heat well in the winter.  

With the steel superstructure, the internal layout could be altered to suit, although it is currently laid out to a large living room, with bathroom and downstairs room, and a staircase to the upper floor, leading to 3 bedrooms and two bathrooms (one being en-suite jack and jill style).

The original project and building plans are available as part of the purchase.

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