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Property cost.

Posted: Thu Oct 21, 2021 10:25pm
10 replies1039 views8 members subscribed
MJ792

Posts: 7

Location: Los Alcázares

Joined: 1 Aug 2021

I am looking at property prices at las Terrazas De la torre and they seem to be quite “cheap”...are there any issues within this community that contribute to them being much cheaper than other golf resorts. 

Samjayne70

Posted: Tue Oct 26, 2021 2:30pm

Posts: 101

27 helpful points

Location: Cartagena

Joined: 14 Jun 2020

Posted: Tue Oct 26, 2021 2:30pm

Hi


I can answer you question here, Terrazas apartment are very good value for money,however the on site facilities are very basic. You do have a spar shop, a cafe bar, good golf course and several communal pools. If you looking for a quiet life and are going to drive , good investment, and security is one of the best.Hope this helps.


sam

MJ792

Posted: Tue Oct 26, 2021 3:14pm

MJ792

Original Poster

Posts: 7

Location: Los Alcázares

Joined: 1 Aug 2021

Posted: Tue Oct 26, 2021 3:14pm

Samjayne70 wrote on Tue Oct 26, 2021 2:30pm:

Hi


I can answer you question here, Terrazas apartment are very good value for money,however the on site facilities are very basic. You do have a spar shop, a cafe bar, good golf course and several communal pools. If you looking for a quiet life and are going to drive , good investment, and secur...

...ity is one of the best.Hope this helps.


sam

Thanks for reply, it is certainly area will look to visit in the new year for viewings.

crissywissy

Posted: Wed Oct 27, 2021 9:28am

crissywissy

Super helpful member

Posts: 2440

1614 helpful points

Location: Mar Menor

Joined: 26 Sep 2015

Posted: Wed Oct 27, 2021 9:28am

Its because of its location and the facilities on the resort….deends what you want!

Carla62

Posted: Thu Oct 28, 2021 9:19pm

Posts: 4

Joined: 28 Oct 2021

Posted: Thu Oct 28, 2021 9:19pm

Hi and thank you for starting this post.


I’m  just moving in. Will come and go from U.K. and need to secure my patio furniture as I’m only there one month on abs one off.


I need to do the same glass curtain that some apartments there have.

Are there  any suggestions of reasonable tradesmen or a less expensive alternative?

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Clachan

Posted: Sun Oct 31, 2021 6:16pm

Posts: 10

1 helpful points

Joined: 10 Oct 2021

Posted: Sun Oct 31, 2021 6:16pm

Samjayne70 wrote on Tue Oct 26, 2021 2:30pm:

Hi


I can answer you question here, Terrazas apartment are very good value for money,however the on site facilities are very basic. You do have a spar shop, a cafe bar, good golf course and several communal pools. If you looking for a quiet life and are going to drive , good investment, and secur...

...ity is one of the best.Hope this helps.


sam

hello,

I'm coming out to view properties on nov 12th but its really confusing as Polaris world say they have all the bank repos for sale yet theres another 5 agents selling them too??

can anyone advise if theres any rental potential as we are not quite ready to retire so for next few years would be looking to rent out?

your advice appreciated

alan

crissywissy

Posted: Sun Oct 31, 2021 6:32pm

crissywissy

Super helpful member

Posts: 2440

1614 helpful points

Location: Mar Menor

Joined: 26 Sep 2015

Posted: Sun Oct 31, 2021 6:32pm

Many agents have the same properties on the books its quite normal here. As for rental potential you need to be aware as non residents, tax on any income is 24% with no offset expenses….so by the time you pay a management company to handle changeovers, cleaning, meet and greet etc its hardly worth it. You might find a long term tenant but that reduces the flexibility for your own use. Dont rely on rental to supplement your costs.

Clachan

Posted: Sun Oct 31, 2021 6:42pm

Posts: 10

1 helpful points

Joined: 10 Oct 2021

Posted: Sun Oct 31, 2021 6:42pm

crissywissy wrote on Sun Oct 31, 2021 6:32pm:

Many agents have the same properties on the books its quite normal here. As for rental potential you need to be aware as non residents, tax on any income is 24% with no offset expenses….so by the time you pay a management company to handle changeovers, cleaning, meet and greet etc its hardly wo...

...rth it. You might find a long term tenant but that reduces the flexibility for your own use. Dont rely on rental to supplement your costs.

I would like to cover the community fees so that at least its not costing anything, not after income just to balance the overheads?

Kaz63

Posted: Mon Nov 1, 2021 4:56pm

Kaz63

Helpful member

Posts: 96

63 helpful points

Location: Sucina

Joined: 13 Nov 2016

Posted: Mon Nov 1, 2021 4:56pm

Clachan wrote on Sun Oct 31, 2021 6:42pm:

I would like to cover the community fees so that at least its not costing anything, not after income just to balance the overheads?

Don't forget that you will also need a Tourist License and to meet the paperwork and practical needs that requires. It is all doable, just a process to go through, but one to be aware of.

K

Clachan

Posted: Mon Nov 1, 2021 7:14pm

Posts: 10

1 helpful points

Joined: 10 Oct 2021

Posted: Mon Nov 1, 2021 7:14pm

Kaz63 wrote on Mon Nov 1, 2021 4:56pm:

Don't forget that you will also need a Tourist License and to meet the paperwork and practical needs that requires. It is all doable, just a process to go through, but one to be aware of.

K

Thanks so much so doing the maths if I could bring in a clear 2k that’s all I’m after so roughly 6 weeks rental however is there ANY demand 

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