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Property of the week: Andalusian cortijo in Lubrín

A traditional cortijo in the hills of Andalusia within a short walk of the beautiful white-washed village of Lubrín, this is a great rural tourism destination project.

Property of the week: Andalusian cortijo in Lubrín
Unrivalled views from every angle. All Photos: John VIncent / Cortijo Fuente Arriba.

A traditional renovated Cortijo comprising farmhouse apartments and three detached cottages offers massive rental potential in a beautiful rural area of Almeria province where rural tourism is reviving the local economy.

The Property

This extensive terraced property over two acres of ancient terracing in the hills near the white washed village of Lubrin is entered through an impressive gateway which stands beside an old threshing circle.

From inside the main entrance is a paved approach to the upper ground floor of the Cortijo with a plunge pool, converted from the original embalsa ( water reservoir)  and an integrated pergola with facilities for “al fresco” dining with the heat of the summer sun cooled by the prevailing sea breeze ( the Levante).

The traditional farmhouse has been divided into two self-contained one-bedroom apartments on the lower floor and a two-bedroom apartment with beautiful farmhouse kitchen on the upper floor (where the owners currently live).

 

Each of the smaller apartments have their own entrance and two terraces, one east-facing to welcome the sun with a morning cup of coffee and the other providing the perfect spot for a a glass of wine to toast the sunset.

Central heating and log burning stoves ensure cosiness during the cooler months and ceiling fans and stone floors help keep the inside temperature cool in summer.

There’s also a communal utility room and boiler house.

Other properties on the site include an old agricultural building that has been converted into a detached one bedroom cottage with open plan living room equipped with wood-burning stove. It looks out onto terraces with views to the distant Mediterranean and the benefits of the Levante breeze.

Below is another conversion; the old barn is now a two-bedroom cottage, with open plan living room complete with log burning stove, modern kitchen. It has a walled patio to the rear and a large open sun terrace with plunge pool.

Next door are the old stables, now converted into a 1-bedroom detached cottage, again with an open plan kitchen/living space with wood burner. This cottage also has its own plunge pool.

The accommodation is set in gardens bordered by oleander and grape vines surrounded by groves of almond, olive and pomegranate trees  with views to the Mediterranean, 12 kms to the south.

Location

The property is located just five minutes walk from Lubrin, a typical white-washed Andalusian village in the Sierra Filabres in Almeria province, an area becoming increasingly popular as a rural tourism destination.

The place offers a great climate and wonderful hiking opportunities on the doorstep.

It is a 45 minute drive to the coast and some of the best beaches in the region and within 2-hours drive of four airports; Almeria (1hr) Murcia St Javier (1.5 hrs)  Granada and Alicante, (both around 2 hours).

Price

The property is on the market for €450,000. But the sellers are offering an amazing financing deal with down payment of €200,000 and remaining balance paid over 10 years, interest free!.

And the opportunity to try before you buy. “Come and stay for two days,” insists the seller John Vincent

Here they explain why:

“Prior to July 2018 we did not operate Cortijo Fuente Arriba as a pure commercial enterprise but more of a lifestyle. We were fortunate not to be encumbered by a mortgage and are non-resident and shared our time in Spain, on a 50/50 basis, with our permanent home in Wales

“This July we employed a husband/wife management team and we concentrated on creating new rental platforms such as Booking.com, AirBnB, HomeAway, Trip Advisor and Clickstay. This summer our turnover for the 3 months of July, August and September increased to €12,387.52 and at 1st November 2018 we have over €6000 worth of self guided walking and long term bookings for the autumn, winter and spring. The €6000 of bookings is just 10 percent of the total occupancy potential for the 9 months from October to May and demonstrates a year round rental income

“With this is mind we are prepared to offer private financing to a qualifying buyer with a minimum down payment of €200,000 and the balance paid over 10 years interest free as long as payments are kept up to date.”

More photos:

 

Interested? 

If you want to know about this amazing property, check out its website, www.cortijo.fuente-arriba.com and email [email protected] 

READ MORE:10 point guide to buying property in Northern Spain

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PROPERTY

REVEALED: The cheapest most in-demand areas in Spain to buy a house

If you're considering making the move and buying property in Spain, but don't fancy purchasing in a rural village in the middle of nowhere, you should know where the cheapest, most in-demand parts of the country are.

REVEALED: The cheapest most in-demand areas in Spain to buy a house

If you’re thinking about relocating, Spain is a fantastic place to do it. Foreigners have been moving to Spain for decades, not only for its fantastic food and weather, along with a laid-back lifestyle, but housing is generally affordable – if you know where to look.

Though the rise in the Euribor has sent interest rates spiking, house prices in Spain are expected to flatten somewhat in 2023 and it could be a good year to find a bargain, depending on your financial situation.

Knowing what type of house you want and where in Spain you want to live is one thing, but knowing the cheapest, yet most in-demand parts of the country could really help you narrow down your search.

Fortunately, Spain’s leading property website Idealista has put together a list of the most ‘in demand’ municipalities of Spain and where you can find the most expensive and, more importantly for the house hunters among us, the cheapest municipalities of Spain to buy property.

It’s based on data from the last quarter of 2022 and is the average price of housing in towns with more than 1,300 sale announcements and costs valued at more than €1,100 per square metre. 

You can find the ten cheapest areas of Spain to buy property by average price below, but it’s worth noting that Idealista did these rankings by average price across the entire municipality, so there are likely individual towns and villages dotted around Spain where prices are significantly lower.

That said, this list gives you a good idea of the areas to look out for.

READ ALSO:  What will happen with property prices in Spain in 2023?

The 10 cheapest municipalities in Spain to buy property 

Santa Pola (Alicante) – Santa Pola, in the Alicante province, is the cheapest most in-demand municipality to buy a house, according to Idealista’s rankings. The average price for a house in Santa Pola costs just €151,796, though this may come as a surprise given its prime location in a foreign hotspot on the sought-after Costa Blanca. The main town of Santa Pola itself is a small beachfront community with a population of around 35,000. It also has a large foreign population and is a short drive or bus away from both Alicante and Elche.

Ourense (Galicia) – Next on the list is Ourense in Galicia where the average price is €154,941. The municipality is home to several towns and villages, surrounding the main medium-sized town of Ourense itself in southern Galicia. The town has a population of around 105,000 and is a little over an hour’s drive from both Santiago de Compostela and the coastal city of Pontevedra.

Oviedo (Asturias) – Third on the list is the municipality of Oviedo where you’ll pay an average of €154,968 for a property. Another area in northern Spain, the main city Oviedo itself, which is the capital of Asturias and has a population of 220,000. It sits between Cantabrian mountains and the Bay of Biscay. It’s known for its picturesque medieval old town and impressive architecture. 

Jerez de la Frontera (Cádiz) – Properties cost an average of €155,563 in the municipality of Jerez de la Frontera, or Jerez as it’s commonly referred to. It’s located in the Cádiz province of Andalusia and is a real piece of ‘traditional’ Spain. Jerez city is a decent-sized place with a little over 200,000 people and is known for horses, flamenco dancing and sherry, as well as the Alcázar de Jerez, an 11th-century fortress that harks back to Andalusia’s Moorish past.

READ ALSO: Is it better to buy or rent in Spain right now?

Torrevieja (Alicante) – Another municipality in Alicante and another incredibly popular with foreign homeowners. Properties here go for an average of €155,787. Torrevieja itself has a population of 82,000 and is another coastal town, but also has nature trails and salt plains nearby.

Murcia (Murcia) – Murcia is often overlooked, wedged between Alicante and Andalusia, but you could grab a bargain here with average prices of €157,119. Murcia capital is a bustling city of almost 450,000 people, and is strategically placed for trips to the Costa Blanca, Costa Calida, Costa del Sol, and Costa de Almeria.

Parla (Madrid) – The municipality of Parla lies just 20km south of Madrid and the town of the same name is home to 130,000 residents. It’s a great commuter area for those who work in Getafe or the capital. A house here costs an average of €160,652. 

Salamanca (Castilla y León) – The municipality of Salamanca surrounds the capital of Salamanca in Castilla y León in northwestern Spain. Buying a property in this area costs an average of €162,909. The main city of Salamanca is known for its university, which is the oldest in Spain and dates back to 1218. Understandably, much of Salamanca’s roughly 150,000 residents are students, which gives the town a lively atmosphere.

Burgos (Castilla y León) – Another northwestern Castilla y León municipality, is Burgos has around, where you can buy a house for just €163,164. The city of Burgos has around 180,000 inhabitants and is known for its medieval architecture and grand cathedral. 

Dos Hermanas (Sevilla) – The second most populous municipality in the province of Seville, properties cost an average of €163.274 here. The Andalusian town is just 15km south of Seville, making it great for commuters or those who want plenty of culture nearby. 

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