Vélez-Málaga, Andalusia, Spain
Renovation Project Townhouse in the Heart of Vélez-Málaga
€151,000
€2,475/m²
- 1
- Bedroom
- 1
- Bathroom
- 61 m²
- Interior
- Townhouse
- Type
- 31 Aug 2026
- Listed
The Habio take
This one-bedroom townhouse offers a unique opportunity for renovation in central Vélez-Málaga. Just a short distance from local amenities and the beach, it's perfect for those looking to create their ideal space.
- investment
- renovation
- quiet
- city
- historic
Highlights
- Versatile renovation project
- Central location in Vélez-Málaga
- Potential for home and workspace
- Whitewashed patio for natural light
- Nearby amenities and public transport
- Short distance to beach and Málaga city
Worth knowing
- Requires full renovation
- Not move-in ready
- Limited immediate parking
Good fit for: Ideal for investors or those wanting to create a custom home.
Lifestyle scores
- Beach
- 70
- Walkable
- 80
- Remote work
- 60
- Family
- 55
- Retirement
- 60
- Airport access
- 65
- Investment
- 75
- Luxury
- 40
- Value
- 80
About this place
Located on Carretera de Arenas, this townhouse is situated in the centre of Vélez-Málaga and presents a wonderful renovation project. Originally built in 1965, it features approximately 67 m² of built space on a 61 m² plot and is bursting with character, waiting for a creative touch to bring it to life.
The ground floor boasts a spacious, high-ceilinged area with exposed wooden beams and an old tiled floor that previously functioned as a shop. It is filled with light, thanks to the two windows overlooking the street. The current layout includes one bedroom, a toilet, and a tiled kitchen, yet this blank canvas invites endless possibilities: transform it into a two-bedroom home, a chic loft, or a combined living and workspace.
A charming whitewashed patio, complete with an original stone washbasin, provides access to the upstairs area, which is currently used for storage but has the potential for a second floor or a roof terrace, thanks to its sturdy construction.
The property is located on a quiet street lined with renovated homes, with all essential amenities nearby, including shops, schools, and public transport. The historic centre of Vélez-Málaga is just five minutes away, as is the beach at Torre del Mar, while Málaga city and the airport are accessible within 30 and 35 minutes, respectively.
Where you’ll be
Vélez-Málaga, 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
