This place has been drastically reduced and standing half way between the beach and the city centre near to Mestalla is a really interesting attic flat for sale in Valencia. Three bedrooms, two bathrooms, two terraces and a huge living room. Well worth a look at just over 200k with a 164k mortgage available. 
http://www.valencia-property.com/valencia-city/knockdown-price-on-valencia-attic-flat-110.php
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