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7 bed villa for sale in Adeje, Spain, 3339 m²

ID: 173339
Price€4,000,000
TypeVilla
Covered area3339 m²
Beds7
Bath7
Rooms8
Qualify for Residence Permit
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Oasis Del Duque

Environment
Oasis del Duque is an exciting development on the south coast of Tenerife just 100 meters from beach Playa del Duque in Fañabe, Costa Adeje. This area benefits from the best climate in the island with magnificent ocean views and the most spectacular sunsets over the neighbouring island of La Gomera.
Building
it is being built at the moment and will be sold unfurnished. With 3 different levels interior, this enormous property comprises of 7 big bedrooms, with fitted wardrobes, 7 complete bathrooms, with quality materials and massive living lounge area. Moreover, underground level with a private garage with space up to 8 cars and an extra apartment with its own living area, kitchen (to be fitted) and bathroom.
Plot
Inside 1107 m2 divided over 3 floors. Outside area of 1863m2 comprises large terrace, balcony, huge private pool (heated by solar panels) and immense garden area.
Extras
Automatic digital video intercom with terminal audio / video at the main entrance on the ground floor.Roof terrace with panoramic views.

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
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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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