Nerja, Málaga
Price 414.000 €
Set in Casco antiguo, in the heart of Nerja on Calle Cervantes, this property offers a clear opportunity to redevelop a 149 m² plot in one of the town’s most sought-after areas. The existing house currently provides 138 m² built and a traditional layout with several rooms, kitchen, bathroom, interior patio and rooftop terrace, but the main value lies in the possibility of creating a completely new project. It is a strong option for investors looking at a small residential development or for buyers who want to build a bespoke home in a central location with the option of a rooftop solarium and private pool.
The property is being marketed primarily for its redevelopment value. The current building is to be demolished, allowing the plot to be used for a new scheme in a high-demand central setting. This opens the door to a small apartment project aimed at holiday or long-term rental income, or to the construction of a bespoke multi-level townhouse designed around modern living with generous outdoor areas on the upper levels.
The existing house is distributed across several independent rooms and circulation areas, with a traditional internal arrangement that includes a main living area, additional rooms that can serve as bedrooms, a separate kitchen and one bathroom. There are also connecting hallways with original architectural features such as interior arches, along with a rear section that brings natural light into the home. The property requires a complete update, which reinforces its appeal as a site for a fresh build tailored to current standards.
At present, the property includes a fitted kitchen with window, an interior patio that functions as a service and utility area, and a large rooftop terrace with open-air space for multiple uses. These elements reflect the practical layout of many town-centre homes in Nerja and also help illustrate the future potential of the plot. A new project could make especially good use of the upper outdoor area, whether as a solarium, entertaining terrace or a private rooftop setting with pool, subject to the corresponding project and permissions.
The house shows clear signs of age and deterioration, with visible wear in walls, ceilings and finishes throughout several rooms. For that reason, the opportunity here is not based on refurbishment appeal but on the strategic value of acquiring a centrally located plot where available land is increasingly limited. For developers, it offers a footprint that can be optimised; for private buyers, it provides the chance to plan a new home from the ground up in one of Nerja’s most established areas.
This property stands in Casco antiguo, one of Nerja’s most desirable urban settings thanks to its central position and consistent demand. Calle Cervantes places the plot within the town centre environment, with shops, restaurants and daily amenities close at hand. For both resale and rental strategies, location is one of its strongest assets, and for an end buyer it offers the convenience of living in the heart of Nerja with everything nearby.
Frequently asked questions
How many bedrooms does the property currently have?
The property currently has 3 bedrooms.
What is the plot size?
The plot measures 149 m².
Is the property ready to move into?
No. The existing building requires demolition or full redevelopment and is being offered as a development opportunity.
Can a pool be included in the new project?
Yes, the project allows for the option of incorporating a private pool on the rooftop solarium.
Is there parking on the property?
No, the property does not include parking.
Please contact Nordic Light Estates to arrange a viewing or for more information. This property has reference number: NL203107 In accordance with the provisions of Article 20.1 of the TRLDCU, the price of the property WILL BE INCREASED by the following amounts: TAXES PAYABLE BY THE BUYER In the case of VAT at the current rate of 10% (Law 37/1992, of December 28, on Value Added Tax). In the case of Property Transfer Tax (ITP), calculated on the higher value between the sale price or the cadastral reference value, ranging between 3.5% and 7% depending on the buyer’s circumstances, all in accordance with Royal Legislative Decree 1/1993, of September 24, approving the Revised Text of the Law on Property Transfer Tax and Stamp Duty. NOTARY AND LAND REGISTRY: These are fees subject to official tariffs; however, the estimated cost may be around €1,500 for the notary and €500 for the land registry (Royal Decree 1426/1989, of November 17, approving the Notaries’ Fee Schedule, and Royal Decree 1427/1989, of November 17, approving the Property Registrars’ Fee Schedule, respectively). IF BANK FINANCING IS REQUIRED: The amount of any additional expenses must be agreed upon with the financial institution.
Energy qualification certificate pending.
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