20-Bedroom Village House with Investment Potential in Alora
€420,000
€942/m²
- 20
- Bedrooms
- 3
- Bathrooms
- 446 m²
- Interior
- 90 m²
- Plot
- House
- Type
- 3 weeks ago
- Listed
The Habio take
This unique 20-bedroom village house offers substantial investment potential in sunny Alora, Málaga. Its strategic location is perfect for a boutique hotel, B&B, or flat complex, making it ideal for the thriving tourist industry.
- investment
- historic
- rental income
- tourism
- walkable
Highlights
- 20 spacious bedrooms
- Three-storey layout
- Potential for boutique hotel or B&B
- Stunning terrace with castle views
- Close to tourist attractions
- Accessible to Málaga city and airport
Good fit for: This property suits investors looking for a profitable venture in the tourism sector.
Lifestyle scores
- Beach
- 30
- Walkable
- 80
- Remote work
- 60
- Family
- 50
- Retirement
- 40
- Airport access
- 70
- Investment
- 85
- Luxury
- 50
- Value
- 75
About this place
Discover a remarkable investment opportunity in the heart of Álora, Málaga, with this impressive building boasting over 450 m² of space. The house features 20 generously sized bedrooms, 3 bathrooms, a kitchen, and a beautiful terrace that offers stunning views of the historic Álora castle. The possibilities for this property are extensive; the layout is perfect for conversion into a boutique hotel, B&B, or flat complex, catering to the increasing tourist demand in the region.
Spanning three floors, this property includes a wine cellar, which could also be transformed to serve as storage, a wellness area, or a welcoming communal space for guests. Located just a short walk from the town hall, this house is surrounded by charming squares, shops, and restaurants, placing you at the heart of Álora's vibrant lifestyle.
In addition to its appealing local amenities, the property is conveniently close to major tourist attractions such as the famous Caminito del Rey hiking trail and the breathtaking El Torcal Natural Park, both of which draw visitors year-round. A train station within a 10-minute walk offers quick access to Málaga city centre and the international airport in under 40 minutes, enhancing its potential for both short and long stays.
What this place offers
- kitchen
- terrace
- wine cellar
Getting around
- Excellent water quality
Nearest beach · Playa San Andres
~1 h 31 min drive · 55 km
Málaga-Costa del Sol (AGP)
~1 h 29 min drive · 51 km
Approximate, measured from the property's area rather than its exact address. Drive times © OpenStreetMap contributors (OSRM); airports: OurAirports; bathing water: European Environment Agency, 2024 season.
Where you’ll be
Alora, Málaga, Spain
- Nearest airport
- Málaga (AGP)
- 32 km
- Also close
- Granada (GRX)
- 96 km
- Nearest city
- Málaga
- 35 km
Marker is the location supplied by the agency — approximate, and often deliberately so. The exact address is confirmed on enquiry. Distances are straight-line.
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
