8 Bedroom Semi-Detached House For Sale In Alora
€175,000€469/m²
Andalusia, Spain
8
bedrooms
1
bathroom
373 m²
interior
House
property type
6 days ago
listed
About this place
Excellent renovation project in a prime location near Caminito del Rey – ideal for investors Are you looking for an exceptional investment opportunity in a rapidly growing tourist region? This property in Álora (El Chorro), close to Valle de Abdalajís, is in an absolutely prime location near the world-famous Caminito del Rey hiking trail. This area is a paradise for hikers, mountaineers, and nature lovers. El Chorro is internationally renowned as a climbing and outdoor destination and attracts sports tourists all year round. This makes the property ideal for tourist exploitation. The house dates from 1950 and has two floors. On the ground floor there are four bedrooms, a kitchen, living room, and bathroom (outside). The first floor has another four bedrooms. Thanks to three separate entrances, the property can be perfectly converted into 4 to 5 separate rental units. This makes it not only interesting as an investment property with apartments, but also as an ideal opportunity for a savvy investor or handyman who wants to start a hostel, B&B, or guesthouse here, for example. The location, space, and layout options offer enormous potential for this. Although the property requires renovation, the roof has already been replaced and water and electricity are connected. All necessary documents are available. The plot also includes a warehouse that can be rebuilt and space for several parking spaces. Located in the middle of a beautiful natural environment, just 35 km from Málaga and the coast. The train station is 4 km away and there is a regular bus service to Álora and El Chorro. Features: Semi-open construction 2 floors 8 bedrooms 1 bathroom (in the courtyard) Terrace Storage room/warehouse Multiple parking spaces possible Air conditioning 3 separate entrances A unique opportunity for investors who want to capitalize on the growing hiking and climbing tourism around Caminito del Rey.
Buying property in Spain
Spain welcomes foreign buyers with no nationality restrictions. The buyer needs an NIE (Número de Identidad de Extranjero) before completion, and most buyers open a Spanish bank account to handle the deposit and ongoing charges. An independent lawyer (abogado) is strongly recommended — the notario only checks the deed, not the wider title.
Spain ended its Golden Visa property route in April 2025.
Non-resident mortgages are widely available, typically 60–70% LTV.
Non-resident sellers face a 3% withholding from the sale price (retención), claimable against capital gains tax.
Always check community-of-owners (comunidad) debts and outstanding IBI before completion — they transfer with the property.
General guidance only — confirm specifics with a qualified local lawyer or tax adviser. Reference


