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4 bed villa for sale in Adeje, Spain, 8850 m²

ID: 173270
Price€825,000
TypeVilla
Covered area8850 m²
Beds4
Bath3
Rooms5
Qualify for Residence Permit
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4 Bed Villa on 8.600 m2 plot - Las Moraditas

Environment
Spacious 4-bedroom villa for sale in the upper part of Adeje. The property is 90% completed with just some facial work to be carried out. The property has been designed with space in mind, with the total upper level solely for 2 double bedrooms, one with en-suite and private terrace and the master bedroom with walk in wardrobe, en-suite and private terrace, both terraces have spectacular coastal views. The lower level consists of a further double bedroom with en-suite, 4th bedroom / office, a toilet, large entrance hall, separate kitchen & dining area, large lounge with access to the lower terrace again with breath-taking views of the coast. This property is ideal for someone who enjoys outdoor space with this large plot of 8.600m2 and a chance to add your own touch to this spacious villa. 3 min drive to Adeje. Underground garage 300 m2 big.

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
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