Spread the balance over 15 years.
No mortgage required.
No interest payable.
Priced at €300,000.
Payment terms: €1,500 per month for 180 months totalling €270,000 then a balloon payment of €30,000 at the end.
Use the rental income to help pay off the balance.
An attractive holiday home or investment opportunity.
About the property:
Renovated corner villa
Master bedroom is on the top floor with ensuite bathroom, dressing and sitting area.
Spacious living / dining room with a real fire place.
Large fitted kitchen with dining bar.
Well illuminated office.
Two car garage
Back terrace with BBQ and dining area
The community has a communal swimming pool with bathrooms, changing rooms and garden area.
Located in the municipality of Mentrida, just a short drive from the capital city Madrid.
Walking distance to schools, shops, supermarkets, bars, restaurants, local businesses, parks and recreation.
Mentrida is a small municipality in the province of Toledo, Spain, located in the region of Castilla-La Mancha and is just a short drive from the bustling, vibrant city of Madrid. It is approximately 84 km (52 miles) from the centre of the capital, making it an ideal destination for those seeking to explore Madrid's many attractions while staying away from the hustle and bustle of the city centre.
The property market in Mentrida is currently experiencing an upswing. Prices have been steadily rising since 2016, with an average increase of 4.6% in 2020. This is due to the fact that there is a high demand for property in the area, especially among expats who are attracted to the area's peaceful atmosphere and its proximity to Madrid.
The local government has been active in promoting the property market in Mentrida, offering generous tax breaks for those who purchase property in the area. There are also incentives for those who invest in the local tourism industry, as the area has become an increasingly popular stop on the tourist trail.
Mentrida is known for its stunning natural landscapes, including its lush forests and rolling hills. Its close proximity to Madrid makes it a great starting point for exploring the rest of Castilla-La Mancha and the surrounding region.
Mentrida is situated on the north bank of the Tagus River and is approximately 40 km southeast of Toledo. The municipality covers an area of approximately 175.6 km² and has a population of 3,471 (as of 2019).
Mentrida has a popular old quarter, which is a beautiful example of a traditional Castilian town with its winding cobblestone streets, white-washed buildings, and stunning views of the Tagus River. The town's main square, Plaza Mayor, is a popular spot for visitors and locals alike. The town itself is charming and peaceful, with a number of small cafes and restaurants.
The region is also known for its stunning natural beauty, including the Sierra de Mentrida mountain range, which is part of the Sierra de Gredos Nature Park. The park is a paradise for nature lovers, offering a variety of activities such as hiking and bird watching.
The municipality is also home to the Mentrida Wine Route, which offers visitors the chance to sample some of the local wines produced in the area. The route includes visits to several wineries, as well as stops at some of the most picturesque villages in the region.