Top Floor Apartment in Cancelada

€269,000

  • 2 Bedroom
  • 2 Bathroom
  • 86m² Built
  • 36m² Terrace

Property Overview

PENTHOUSE WITH VIEWS BETWEEN MARBELLA AND ESTEPONA!

Discover this stunning 121 m² penthouse with a terrace located in Cancelada, a quiet residential area just a 5-minute drive from Estepona's best beaches and prestigious hotels. A perfect opportunity to design your dream home from scratch.

The property boasts 85 m² of living space in an excellent layout that maximizes natural light thanks to its northeast-east orientation. It comprises 2 spacious bedrooms, 2 bathrooms, a separate kitchen with an adjoining utility room (west-facing), and a large living-dining room that connects to a jewel of the property: a 36 m² private terrace equipped with pergolas and a barbecue area, ideal for enjoying the Mediterranean climate.

The property requires a complete renovation (kitchen, flooring, doors, tiling), allowing you to personalize every detail to your taste. Located in a quiet urban area, away from the hustle and bustle of big cities but only 15 minutes from Marbella and Estepona.

An unbeatable investment with great potential for appreciation. Come and see it and start planning your new life!

This property represents an excellent buying opportunity below the area's market price, guaranteeing a high appreciation margin after renovation. Ideal as a first home or a high-yield investment.

In compliance with Decree 218/2005, of October 11, of the Regional Government of Andalusia, the client is informed that notary, registration, and property transfer tax (ITP) expenses are ‌not ‌included ‌in ‌the price. ‌Real estate brokerage ‌fees ‌are included. The ‌consumer has the ‌right to receive a ‌copy ‌of the Abbreviated ‌Information ‌Document ‌(DIA) ‌for ‌the ‌property.

Features

  • Setting: Village, Close To Shops, Close To Sea, Close To Schools.
  • Condition: Restoration Required.
  • Features: Near Transport, Private Terrace, Wifi.
  • Furniture: Not Furnished.
  • Utilities: Electricity, Drinkable Water.
  • Category: Investment, Resale.

Tell me more

  • Tell me more about Cancelada
    Cancelada is a charming village and a rapidly developing residential area situated on the New Golden Mile, between San Pedro de Alcántara and Estepona, Málaga, Andalusia, Spain. It combines traditional Spanish character with modern amenities and a growing number of new developments. The village center offers local shops, bars, and restaurants, while the surrounding area features golf courses, beaches, and luxury properties. Cancelada provides a convenient and accessible location, blending authentic village life with contemporary living on the Costa del Sol.
  • How far is this property from the nearest airport?
    Cancelada is 70km from the nearest airport, approximately 55 minutes driving time.
  • What are the annual runing costs of this property?
    The annual running cost are €778 consisting of IBI €376 (Impuesto sobre Bienes Inmuebles' or Council Tax), Community Fees €300 and Garbage €102.
    * Based on current information; values are subject to revision.