Unique property for sale at 265.000€

Massive, detached house of 17 rooms and 4 bathrooms over 4 floors in good condition with superb sea views over the Ria de Betanzos. The property is located just 50 metres from the Camino de Santiago (Ingles) in the centre of Miño, with all services nearby (supermarkets and shops, school, nursery, medical center, restaurants and bars, etc.) and also near the town’s two fabulous beaches. The property has a large plot with parking and two additional buildings, a double garage and a workroom/shed, plus a beautiful, private and sunny garden with a range of mature fruit trees including an avocado that normally produces some 200 fruits per year.

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DESCRIPTION*** Reduced to 265.000€ from 350.000€ for quick sale! ***

This is my own family’s house. We’ve owned it for the last 4 years and made a number of improvements but it’s too big and rather an awkward fit for the family home we now want, so it’s up for sale.

The unique thing about this property is the elements it combines:
* It’s a very large, detached house that also has a big, private garden.
* …but it’s right in the middle of a town centre with everything for day to day needs walking distance away.
* And yet it has stunning, uninterrupted 180 degree sea views to the west.
* Also, it has great income potential, as explained below.

Although it can be used as a single property, it is actually constructed as 3 separate apartments (plus attic) and has all the correct permissions for this meaning that you can LEGALLY (this is important because the rules have got much tighter in recent years) rent out 1,2 or 3 apartments including to the very lucrative summer tourist market.

We’ve been renting out one apartment (the 2 bedroom street level one) via AirBnB for the last few years and we reliably get bookings for at least the entirety of July and August at 350€ per week.

Equally, with the Camino de Santiago running right behind the house (50 metres, and you can see the house from it), it has great potential to convert to a boutique hotel or bed and breakfast.

I feel this house would be perfectly suited to, for example, a person or couple who wanted to refurbish the 111m2 basement apartment, which also has the garden (garden level is one storey below street level) and outbuildings, to their own specifications to live in.
The attic can easily be combined with the first floor apartment to create a 5 bedroom duplex with sea views, and that would command at least 550€ a week in summer. Add that to the 350€ per week for the 2 bedroom ground floor apartment and you have a reliable minimum income of 8 weeks x 900€ = 7200€ per year (plus your own, generous accommodation for free).
The rest of the year you could either target the more difficult out of season market with an innovative renting strategy and/or have friends and relatives to stay …all of them at the same time! Or run residential courses of some sort. The possibilities really are many, and there honestly are very few properties that can offer anything like this.

Miño is a small town on the Camino de Santiago (Ingles) with one of the best beaches in Galicia (Playa Grande), and surrounded by some spectacular natural beauty such as the national park Fragas de Eume. The town is located between A Coruña (30 mins) and Ferrol (25 mins) and is on the motorway between the two with regular, direct buses and also trains to both cities, and two international airports nearby, A Coruña (20 mins) and Santiago de Compostela (45 mins).

The house can either be used as a detached house (of 387m2 with 10 rooms, 4 living / dining rooms, 3 kitchens, 4 bathrooms, storage rooms and garage) or as a building of three independent apartments with communal entrance with the following distribution:
* First floor duplex of 91m2 and attic floor of 54m2, with 5 bedrooms, living room, dining room, kitchen and 2 bathrooms.
* Ground floor apartment of 85m2, with 2 bedrooms, living room, dining room, kitchen and bathroom.
* Basement apartment (one storey below street level, but open on all 4 sides) of 111m2, with 2 bedrooms, living room, kitchen, bathroom and an additional attached space of 26m2 which you can adapt to any desired use. This apartment would typically also have use of the garage of 31m2, and the workroom/shed of 15m2 plus the garden, which is the rest of the plot of 830m2.

The structure of the building is in good condition and the roof was replaced relatively recently. The electrical and plumbing installations have been renovated recently.
The first floor and the ground floor are decorated in a clean, modern style and are in good condition, with heating and modern, double glazed windows.
The basement and the attic storey are also in fairly good general condition, but they don’t have heating installed and the windows are single glazed aluminium.

The large garden is open to the south and so warm and sunny, and although the property is located in the centre of a town the garden is surprisingly private and tranquil. It is well maintained and has fruit trees such as avocado, lemon, apple, pear, kiwi, fig and grapes which produce large quantities of fresh, organic fruit each year. The garden is fully enclosed by a gate and walls with fencing over.

Catastral reference: 4601809NJ6040S0001IE
The Catastro is the Spanish land register and it’s very important that it matches what is actually there, both in terms of buildings and size and their designated uses. Everything is correct for this property.
The property is also correctly registered with the Registro and has no debts or charges against it. A Nota Simple can be provided upon request.

CAD Model

There’s nothing like a CAD model to really understand how a building you don’t have physically available is laid out. You can rotate it to any angle and also take measurements off it.
You can download (6.2Mb) the CAD model for this house here:

Click here to download the CAD model for Sketchup

The program to run it is a free download called Sketchup (developed by Google). You can either view the model in a web browser or you can download the free version of Sketchup.

CONTACT

You can either contact me using the following details or send a message using the form below. Thanks.