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Villa
5
4
2852 sqf/265 sqm
This is more than a 500m² plot. It's an opportunity to take an existing contemporary villa concept and create a substantial private home approximately 700 metres from the sea on Estepona’s New Golden Mile. The plot is south facing and plans have already been prepared showing how the site could be transformed into a modern villa with a private swimming pool, generous terraces, garden and parking. A HOME THAT CAN EVOLVE AROUND YOU The proposed concept provides approximately 165m² above ground, with the possibility of an extended lower level of approximately 100m², creating around 265m² of potential internal space. The current layout has been designed with up to five bedrooms, with three bedrooms on the upper floor and two substantial rooms on the lower level. For a buyer who prefers fewer but larger bedroom suites, the layout offers considerable flexibility. The upper floor could instead be configured with two generous bedrooms, with the third room incorporated into the principal suite to create substantial dressing and wardrobe space. The extended lower level creates further possibilities. Depending on the final design and approvals, the space could be configured around the buyer’s lifestyle, whether that means additional bedroom accommodation, a cinema room, gym, sauna, games room, office or entertainment space. The current concept also allows for the swimming pool plant room and associated equipment to be relocated into an alternative area identified within the plans, releasing additional usable space within the main lower level and allowing that floor to be configured more effectively. At the heart of the home, the principal living floor has been designed around open plan indoor and outdoor living, with the kitchen, dining and living areas flowing towards the terraces, garden and private swimming pool. THE NUMBERS The plot is offered today at €499,000. X Panel is currently preparing a construction proposal based around the existing villa concept, including the extended lower level. The initial indicative construction figure provided is approximately €670,000. Based on those initial figures, the plot and proposed construction represent an indicative combined cost of approximately €1,169,000. The €670,000 construction figure is preliminary and has not yet been independently verified as a fully turnkey price. Final costs will depend on the agreed design, specification, finishes and exactly what is included within the final X Panel proposal. For a serious buyer, a meeting can be arranged directly with X Panel to explore the proposed construction system, design possibilities, specification and costs in detail. WHY THIS OPPORTUNITY EXISTS The plot forms part of an established residential project that was originally launched around eight years ago. When the original developer ceased trading, properties across the project were left at very different stages. Some villas had progressed significantly, others were left as partially constructed shells, while some plots, including this one, remained completely unbuilt. Today, the owners are awaiting the necessary building licences before construction can move forward again. What has changed is that there are now clear signs of renewed activity around the project. Infrastructure works are progressing and the access road leading to the plot has already been tarmacked. This particular plot is offered today at €499,000, with the current price reflecting the fact that the building licence has not yet been granted. For a buyer prepared to purchase at this stage, that creates an interesting opportunity to secure a south facing plot approximately 700 metres from the beach before the licensing process is concluded. Hospiten Estepona, golf, restaurants, schools and everyday amenities are all within easy reach. Opportunities to create a contemporary villa at this overall price point and this close to the coast are becoming increasingly difficult to find along Estepona’s New Golden Mile. The villa images are illustrative concepts based around the proposed plans and are intended to help buyers visualise what could be created. The final design, configuration, specification and use of the lower level would remain subject to the relevant planning, technical and building approvals. Rather than simply buying an empty plot, this is an opportunity to start with a developed villa concept, explore the construction costs before committing to a final design and create a home around the way you actually want to live.
These results are for a repayment mortgage and are only intended as a guide. Make sure you obtain accurate figures from your lender before committing to any mortgage.
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