4 Bedroom Villa Style House - Cape Town

Wednesday, 5 September 2018

Item details

City: Cape Town, Western Cape
Offer type: Sell
Price: R 340,000
Full Square, m²:140


Contact name Martin
Phone 00447500062021

Item description

Overseas property opportunity in Bulgaria (Europe)

Offered by well established firm with 14 years experience

An excellent second or holiday home in Europe. Extremely low living costs and no restrictions on South African property ownership.

The best value property is often repossession, when a company or individual can’t pay the bank and the property is taken and resold. If you’re lucky, such properties can be bought well below market price.

Our estate agency on the sought after North Bulgarian coast, established since 2003, has been instructed to offer this villa at a price far below what is realistic.

In fact, the previous owner had borrowed €38,000 to refurbish this four-bedroom villa! Add to that, the cost of the original property and you’re looking at a significant total amount of money. The bank is going to take a BIG hit on this one and it’s your opportunity to profit.

This four-bedroom villa is in great condition and almost ready to move into. It just needs a few finishing bits and pieces. It has wonderful views from all windows and two balconies over sunny meadowland stretching into the distance.

Accommodation is arranged over three floors. Two handy basement rooms that you can use for storage or accommodation. First floor living area with doors from a raised balcony and second floor. All bedrooms have new laminate flooring and other areas tiled. The roof is good and all woodwork recently varnished. All windows are also in good condition. Mains utilities connected. Exterior walls recently painted.

There are two shower rooms, both plumbed and just needing appliances attached and water heater installed. We can recommend reliable and affordable contractors to do this if required.

Contact us for full details