Substantial 9-Bedroom Townhouse in Riogordo
€295,000
€774/m²
- 9
- Bedrooms
- 5
- Bathrooms
- 381 m²
- Interior
- Townhouse
- Type
- 3 Sept 2026
- Listed
The Habio take
This unique 9-bedroom townhouse offers a total built area of 381 m², ideal for investment in the charming village of Riogordo, Málaga. Located just 35 minutes from Málaga city and 30 minutes from the coast, it presents an attractive opportunity for renovation and redevelopment.
- investment
- rural
- renovation
- family
Highlights
- Large built area of 381 m²
- Flexible redevelopment options
- Close to Málaga city and the coast
- Legal registration as a single property
- Potential for rental income
Worth knowing
- Requires full renovation
- Limited outdoor space unless developed
Good fit for: Ideal for investors seeking a renovation project with multiple development options.
Lifestyle scores
- Beach
- 60
- Walkable
- 55
- Remote work
- 60
- Family
- 50
- Retirement
- 55
- Airport access
- 65
- Investment
- 70
- Luxury
- 40
- Value
- 75
About this place
Presenting an exceptional investment opportunity in Riogordo, Málaga, this substantial townhouse features a vast 381 m² of built area spread across three floors and is set on a 323 m² urban residential plot. Constructed in 2005 and legally registered as a single property, the building stands structurally sound and is attractively priced to unlock its renovation potential.
With multiple redevelopment options available, buyers can choose to retain the current layout as two spacious homes with private outdoor areas, convert the ground floor into a commercial unit or office for additional rental income, or create two modern duplex apartments complete with private terraces. The rear of the property offers the possibility of generous terraces leading to a communal garden, providing a rare outdoor oasis in the village centre.
The property’s strategic location—only 35 minutes from Málaga and 30 minutes from the coast at Torre del Mar—makes Riogordo increasingly appealing for those seeking more affordable village living within easy commuting distance. All legal documentation is in order, ensuring clarity and ease for future developments, making this property a compelling investment prospect.
Where you’ll be
Riogordo, Andalusia, Spain
Exact location is confirmed by the agent on enquiry.
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
