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2 bed apartment for sale in Adeje, Spain, 120 m² - photo 1
2 bed apartment for sale in Adeje, Spain, 120 m² - photo 2
2 bed apartment for sale in Adeje, Spain, 120 m² - photo 3
2 bed apartment for sale in Adeje, Spain, 120 m² - photo 4
2 bed apartment for sale in Adeje, Spain, 120 m² - photo 5
2 bed apartment for sale in Adeje, Spain, 120 m² - photo 6
2 bed apartment for sale in Adeje, Spain, 120 m² - photo 7
2 bed apartment for sale in Adeje, Spain, 120 m² - photo 8
2 bed apartment for sale in Adeje, Spain, 120 m² - photo 9
2 bed apartment for sale in Adeje, Spain, 120 m² - photo 10
2 bed apartment for sale in Adeje, Spain, 120 m² - photo 11

2 bed apartment for sale in Adeje, Spain, 120 m²

ID: 173143
Price€600,000
TypeApartment
Covered area120 m²
Beds2
Bath2
Rooms3
Qualify for Residence Permit
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2 Bed Apartment - Bahía del Duque - Terrazas del Duque I

Environment
This lovely residence is located in the area of "El Duque", which is one of the most beautiful residential areas located in the south of Tenerife. Exclusive four and five star hotels surround the area, as do exclusive shopping centres including the "Plaza del Duque" and its stunning beach "Playa del Duque", with lovely restaurants and bars within close proximity. The Reina Sofia southern airport is only twenty minutes away and the exclusive Adeje Golf course and La Caleta fishing village are also within a very short distance.
Building
The apartment comprises of two bedrooms, two bathrooms, living room, modern totally equipped kitchen and laundry room. The two bedrooms are spacious with fitted wardrobes and the master bedroom boasts an en-suite bathroom. The property boasts a cosy patio and has a private lift ascending to a spacious terrace with majestic views over Tenerife´s south coast and the Atlantic Ocean.
Plot
Communal pool area with sunbeds and children´s pool.
Extras
The property is to be sold partly furnished. Two private parking spaces and two storage rooms are included in the price. Private internal lift in the apartment.

Extra Сosts when Buying Property

WITHOUT MOTGAGE
VAT for new residential properties 10%
VAT for new commercial properties and plots of land 21%
Property Transfer tax for re-sale property 6-10%
Stamp Duty 1%
Notary and Land Registry fees about 2%
WITH MORTGAGE
To the expenses noted above add:
Bank mortgage fee, of the value of the mortgage 1%-1.5%
Mortgage deed tax 1.5%
Land Registry and notary expenses about 2%
Bank valuation of the property from €300
Documents translation from €200
Insurance payments for the first year from €300/год

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Ongoing Ownership Costs

Annual property ownership tax, calculated on the cadastral value 0.5-2%
Non-resident income tax (the base for the applicable tax rate is generally 2% of the cadastral value) 25%
Annual wealth tax 0.2%-2.5%
Rubbish Collection Tax €100-200 p.a.
Community expenses for condominiums and urbanisations from €300 p.a.
Water and electricity rates €100-200 per month

Additional Services Costs

Legal fees about 1%
Estate agency fees 3-5%

Return on Investment

Property Price
Rental Cost
0%
  • Spain, AdejeSpain, Adeje
    Flat €169,000
    • Covered area: 53 m²
    • 3 rooms, 1 bath
  • Spain, AdejeSpain, Adeje
    Flat €590,000
    • Covered area: 172 m²
    • 4 rooms, 2 bath
  • Spain, AdejeSpain, Adeje
    Townhouse €299,000
    • Covered area: 130 m²
    • 4 rooms, 2 bath
Helga
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