So what is this actually worth?

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This topic contains 9 replies, has 7 voices, and was last updated by Profile photo of Fuengi (Andrew) Fuengi (Andrew) 6 years, 5 months ago.

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  • #55669
    Profile photo of Anonymous
    Anonymous
    Participant

    I made a viewing trip to Mijas in April. As usual, most of the properties I saw were grossly overpriced. One of the better value places I saw however was this one. The asking price was 120k.

    http://www.direct-auctions.com/en/resales/property.details.asp?propid=11000

    It went to auction a couple of weeks ago with a guide price of 90k. I wasn’t there so can’t comment on how the bidding went (Inez????) but as it is not now flagged as having been sold I believe it is fair to assume that it didn’t get anywhere close to the guide price.

    The place was in pretty good condition in a five year old block. The only problem I noticed was a small patch of damp as a result of the very wet winter on the CDS.

    So if it didn’t make 90k at auction, does anyone have any thoughts what this place is actually worth?

  • #99023
    Profile photo of katy
    katy
    Spectator

    Could be low priced, tiny kitchen etc. It is also not a very good area, Riviera del sol (where the shooting was last week)

  • #99024
    Profile photo of Fuengi (Andrew)
    Fuengi (Andrew)
    Participant

    There are quite a few for sale there around the 120,000.

    Miraflores is not exactly the most glamorous area but at 76m2 + 70m2 of terrace it should still value up to about 135.000€.

    I actually am familiar with the development, the main problem is that there are quite a few for sale there and the building/urbanisation is not hte most attractive. If you could get it for 90.000€ its a good price if your looking for a bolt hole

  • #99029
    Profile photo of Chris McCarthy
    Chris McCarthy
    Participant

    @brianc_li wrote:

    I made a viewing trip to Mijas in April. As usual, most of the properties I saw were grossly overpriced. One of the better value places I saw however was this one. The asking price was 120k.
    http://www.direct-auctions.com/en/resales/property.details.asp?propid=11000
    It went to auction a couple of weeks ago with a guide price of 90k. I wasn’t there so can’t comment on how the bidding went (Inez????) but as it is not now flagged as having been sold I believe it is fair to assume that it didn’t get anywhere close to the guide price.

    Perhaps Inez can tell us different, but my understanding is, that not on single property has ever been succesfully sold to a bidder at any private auction down here in the past 5 even 10 years.
    I have never heard of a single vendor or buyer, or agent confirm that any single property has been sold in this way. There have been auctions after a fashion but never any sales.

    Now am off to find out what is this about a shooting? Been too busy working this week obviously, I didn’t know anyone had got shot!

  • #99042
    Profile photo of katy
    katy
    Spectator

    When i checked the link the property was listed as Riviera del sol. Very close to Miraflores but has a bad reputation. Chris where have you been 😉 The shooting was in the Brit papers too. Someone known as big Dan (with previous form in the UK) was shot outside a bar in Riviera del sol. An irish man has been arrested for the killing.

    As for the auctions, I too have heard they don’t sell anything. If you are going to buy get a real agent and make an offer.

  • #99043
    Profile photo of Anonymous
    Anonymous
    Participant

    Just a few pics of what we are talking about for €90,000 (the property, not the shooting)

  • #99045
    Profile photo of Anonymous
    Anonymous
    Participant

    I can’t belive anyone could enjoy living in these characterless concrete blocks…at any price!

  • #99046
    Profile photo of peterhun
    peterhun
    Participant

    @Chris McCarthy wrote:

    Now am off to find out what is this about a shooting? Been too busy working this week obviously, I didn’t know anyone had got shot!

    Drinkers at the Lounge Bar, a British-run drinking spot, watched in horror as he was shot dead in Mijas, near Malaga, in southern Spain on Saturday night.

    According to reports, the killer was on the back of a motorbike driven by another man and fired six shots in total.

    Smith was shot three times in the face, and the gunman fired three other rounds which missed him.

    A regular told The Sun: ‘He kept firing at Dan even though he was on the ground. It was horrible.’

    Fellow drinkers dived for cover as the bike sped off and Smith lay bleeding to death on the floor.

    http://www.dailymail.co.uk/news/article-1284867/Wanted-Brit-Daniel-Smith-gunned-Costa-del-Sol-bar-assassination.html

  • #99051
    Profile photo of katy
    katy
    Spectator

    Bet those villa owners in the background aren’t very pleased to have those blocks at the end of their gardens!

  • #99065
    Profile photo of Fuengi (Andrew)
    Fuengi (Andrew)
    Participant

    I wonder can anyone here offer Brianc_li any comparable properties for sale?

    Obvioulsy as part of an agency I won’t supply any options.

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