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PROPERTY

Property of the week: Quirky estate near Denia, Costa Blanca

This week's property is quirky estate comprising five dwellings set in botanical gardens near Denia, Costa Blanca.

Property of the week: Quirky estate near Denia, Costa Blanca
All photos: Valencia Property

This is a fabulous development teeming with potential and just a short drive inland from one of the most desirable resort towns in the Valencia region.

The property

Describes as “a fabulous development with tons of potential”, the estate is set in 16,000 m2 of tropical garden and comprises five separate dwellings, a large natural water swimming pool and a tennis court.


The blue villa has 2 floors, with separate entrances, bathroom, kitchen, living room, 2 bedrooms on the ground floor and 3 bedrooms and bathroom upstairs plus terrace/solarium. Each bedroom on the ground floor has its own private terrace with access to the garden.


The pink villa also has two floors with 2 bedrooms, living room, dining room and bathroom on the ground floor, it has large windows to let the light in. The upstairs has a room with private bathroom and large terrace with lovely views.

The next house has a lovely room with bathroom, kitchen/dining room plus a terrace.

Another building, known as The Winery, has one bedroom with bathroom, kitchen and dining room. And also, a wood fired oven.

Then last but not necessarily least, there is a cute log cabin with one bedroom.

In total, the five dwellings combine 12 bedrooms, 10 bathrooms, 7 kitchens, 7 lounges, 7 dining rooms and 11 terraces.

There is also a barbeque area and children’s playground. All in great condition.  The whole complex is contained within high walls and offers complete privacy.

Location

It's located inland approximately 25 minutes’ drive from Denia and other towns such as Ondara with its shopping mall, Pego, Pedreguer and the coast, near to Tormos and Sagra.

Just 12km from a coastline that boasts more than 20km of sandy beaches and rocky coves with crystalline waters.

Denia is between Valencia and Alicante, both vibrant cities with major airports offering flights across Europe.

 

Price tag

The property is being offered for €950,000

Who would it suit?

“This is a superb opportunity to run as a business such as a yoga retreat or similar type of venue,” thinks Graham Hunt, whose agency Valencia Property is offering the sale.

“It is a place to encounter and connect with nature, plants, animals and your inner balance!”

Or if you have a huge extended family who want to get together for holidays but still keep your own privacy, what could be better?

More photos:

For more details of the property or others in the region visit the Valencia Property website.

For members

MOVING TO SPAIN

REVEALED: The cheapest and most expensive areas to buy or rent in Valencia

If you're thinking of a move to Valencia, you should know that the eastern city is renowned for its relatively cheap cost of living compared to other big cities in Spain. So where are the cheapest and most expensive 'barrios' (neighbourhoods) to rent or buy a home?

REVEALED: The cheapest and most expensive areas to buy or rent in Valencia

The Mediterranean coast, climate and diet. A city with history, charm, and bustling with life. Valencia has it all, and that is why so many foreigners make it home.

In fact, over 100,000 foreigners have made the eastern Spanish city their home in recent decades, and for good reason.

But what’s the situation when it comes to renting or buying a property?

Before diving into our neighbourhood property guide, let’s have a look at the big picture and see how Valencia stacks up against other Spanish cities. 

Buying a property in Valencia in 2022 costs an average of around €1,839/m2, which means that if you buy a 80/m2 apartment, it would cost you around €147,000.

That’s cheap – in fact, if we compare the average prices in Valencia to Madrid and Barcelona, you’ll realise just how affordable Valencia can be if you know where to look.

Let’s take, for example, Valencia’s most expensive neighbourhood, l’Eixample, in the city centre, which on average costs €3,024/m2 to buy.

That’s quite a bit more than the city-wide average (in barrios further afield the average is around just €1,400/m2), but pales in comparison to the Salamanca district of Madrid (€6,149/m2) and the Sarrià – Sant Gervasi area of Barcelona (€5,228/m2).

Valencia’s affordability is one of the main reasons why so many foreigners have flooded the market in the last two decades.

More than four out of five foreigners in Valencia (82 percent) believe that housing is affordable in the city, compared to 41 percent globally, according to the annual Expat Insider Survey published by InterNations which recently ranked Valencia as the best city in the world for foreign residents.

READ ALSO: Living in Spain: Why Valencia is officially the best city in the world for foreign residents

And renting is cheap too – international cost of living calculator Numbeo found that Valencianos fork out just 27.7 percent of their monthly budget on paying rent.

Before we continue, it’s worth noting that due to rising inflation in Spain and a lack of available properties in Valencia itself, rent and sale prices have increased, keeping in mind that the data in this article is from February 2022, before Russia’s invasion of Ukraine.

But we know that by general standards Valencia’s is fairly affordable – but where are the most and least expensive neighbourhoods in the city? 

Cheapest neighbourhoods to buy a property in Valencia

According to Spanish property site Kasaz.com, these are the cheapest Valencian barrios to buy in 2022:

  1. Rascanya is the cheapest place to buy an apartment in Valencia. In the north of Valencia and bordered by better known barrios such as Benimaclet to the east, La Saïdia to the south, and Benicalap to the west, Rascanya is really cheap to buy – on average, buyers pay around €1,133/m2.
  2. L’Olivereta comes in at number 2. Located in the west of the city but just a 15 minute walk from downtown, prices in L’Olivereta average out at around €1,302/m2 but it varies quite a bit within the neighbourhood itself. L’Olivereta is home to five neighbourhoods and prices vary depending on where you are: La Fontsanta €862/m2), Tres Forques (€1,017/m2), Soternes (€1,387/m2), La Llum (€1,415/m2), Nou Moles (€1,456/m2).
  3. Jesús district was a historically industrial neighbourhood, and despite many years of housing shortages, prices have stayed low: buyers there pay on average €1,355/m2. However, having 5 neighbourhoods, prices may vary depending on where you are: Sant Marcellí is the cheapest neighbourhood (€1,214/m2), followed by Camí Reial (€1,238/m2), L’Hort de Senabre (€1,306/m2), La Creu Coberta (€1,353/m2) and La Raiosa (€1,453/m2).

    An official map showing Valencia’s city’s neighbourhoods. Map: Valencia City Hall
  4. Benicalap – the fourth cheapest area in Valencia is one of its oldest. Benicalap dates back to 1238 and it even existed as a separate municipality until it was eventually annexed by the city of Valencia in the late-19th century.

    Located in the northern part of Valencia, Benicalap averages out at about €1,408/m2, but within the district are a few neighbourhoods within which prices vary quite a bit. Ciutat Fallera, for example, is very cheap (€1,006/m2), but Nou Benicalap is much pricier, with averages of €2,148/m2.

  5. Patraix – a family friendly area just 3km from the city centre, prices to buy average €1,437/m2.

    READ ALSO: Moving to Valencia: A guide to the best neighbourhoods to live in

Cheapest neighbourhoods to rent in Valencia

  1. Favara – sandwiched between Patriax and Jesús is the small barrio of Favara in the south of the city, where renters on average pay just €6.03/m2 – the cheapest rate in Valencia.
  2. The Torrefiel neighbourhood of Rascanya comes a close second, costing on average just €6.47/m2 to rent.
  3. San Antoni is Valencia’s third cheapest neighbourhood- up in the north of the city and neighbouring Rascanya – where rents average €6.67/m2.
  4. La Llum – on the western outskirts of Valencia lies La Llum, where renting is also a very affordable €6.86/m2.
  5. San Marcelino – a small neighbourhood belonging to the bigger barrio of Jesús, San Marcelino is an old working class area with cheap rents – €6.95/m2 on average.

Renting or buying in Valencia’s old town Ciutat Vella is logically more expensive. Photo: Al Elmes/Unsplash

Most expensive neighbourhoods to buy in Valencia

If money’s no object to you, here’s a quick breakdown of the most expensive parts to buy in Valencia. See a more detailed sub-neighbourhood by sub-neighbourhood breakdown list over at 7televalencia, which includes both the most expensive and cheapest barrios, but be warned, it’s in Valenciano!

  1. L’Eixample – €2,876/m2 – Upscale L’Eixample is filled with wide, leafy streets lined by department stores and posh brunch spots. Pricey, but trendy.
  2. Ciutat Vella – €2,859/m2 – The old town, or casco antuigo in Spanish, is stuffed to the brim with gothic cathedrals and cobblestone side streets. This is the ‘heart’ of Valencia, and living amongst such hustle, bustle, and history comes at a price.
  3. El Pla del Real – €2,487/m2 – Known by some as Valencia’s nicest district, El Pla del Real is full of green spaces and parks, and is a great place to bring up kids.
  4. Campanar – €2,082/m2 – Campanar’s canal walks and vineyards give it a village like quality right in the middle of the city.
  5. Extramurs – €2,062/m2 – Bordering the old town, Extramurs central location mean it’s pricey and brimming with life – the barrio is home to some of Valencia’s best tapas bars and very popular with students. Top tip: visit the university’s botanic garden for an escape from city life.

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