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Villa for sale in Adeje, Spain, 2500 m² - photo 1
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Villa for sale in Adeje, Spain, 2500 m²

ID: 173275
Price€1,000,000
TypeVilla
Covered area2500 m²
Qualify for Residence Permit
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2.500 m2 of Building Land - Costa Adeje Golf

Environment
This plot is located in the Golf course Costa Adeje with its 18hole and next to the charming fisher village La Caleta with fine restaurants and pleasant atmosphere. The area is on of the most selected areas in the municipality of Adeje and popular between people who love a high standing life style.
Building
6 neighbouring plots of building land in the new, exclusive urbanization Barranco del Ingles, next to Costa Adeje Golf. Plots of 2.500 m2 for individual villas up to 337 m2 + terraces, underground garages and cellars. Panoramic views of the ocean and the mountains, few neighbours, all amenities and the beach - 3 min drive away. Water and electricity are all connected to the plots. The road and street lights are nearling completion. The best plots in the urbanization. Priced at 510.000 and 665.000 according to the plot. The price of all the 6 plots together - 3.600.000 eur.

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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Interest Rate
1 726 per month
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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
Paula
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