Àtic en venda a Calle Principal de la Serra, 157, Altea Hills

This penthouse with stunningly beautiful views of Altea and the sea is for sale.
It´s located in Villa Marina golf. Which has leisure areas with pools and playgrounds for kids. 247 security with guards present.
This home has 113m2 interior. Has two bedrooms, two bathrooms, large living room with open plan kitchen. Terrace of 42m2 with two double doors to the living room.

Rent to buy is also offered as option to purchase this beautiful place as your home.
Terms are :
- 15% down payment on purchase price
- rent for 36 months
- comision 5% + IVA
- rent ( €1500 ) is included in the down payment

Say you buy for €
And need a 70% mortgage.
You need 12% for taxes and 30% apart from the mortgage. 42% is €262500.
Plus monthly repayment + interest on mortgage. For 36 months.
Mortgage 70% = 437500. Interest alone will be +- €15000 annually. ( Without repayment )
Total to pay in 36 months : €307500

With rent to buy at €
15% down payment = €93750
5%. + IVA comision = €37812.50
Total : €131562.50
No monthly rent costs for 36 months as that´s included in the 15% down payment.
Which saves you €45000 in interest payments plus ( 302.50 ) 175937.50 which you don´t pay down with option 70% mortgage.
And can put to generate more money in first 36 months. With Stocks, bonds, crypto or whichever suits you best.