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3 bed villa for sale in Adeje, Spain, 540 m² - photo 1
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3 bed villa for sale in Adeje, Spain, 540 m²

ID: 173354
Price€850,000
TypeVilla
Covered area540 m²
Beds3
Bath3
Rooms4
Qualify for Residence Permit
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3 bed corner house - El Madroñal

Environment
This beautiful house is situated in the heart of the residential area of El Madroñal. On just a few minutes drive you find commercial centres, schools, golf courses, beaches and the highway.
Building
Build on just one floor, this house offers 3 bedrooms and 3 bathrooms, dressing rooms, a fully fitted separate kitchen and 2 saloons. The first living area is directly connected to the kitchen. The second living area is a nice and bright veranda with beautiful views towards the garden and the heated swimming pool. The property has a spacious basement. At the moment you find a spacious terrace on the first floor with precious views towards the ocean and the mountains but there is a possibility to build another floor.
Plot
The total surface is 540m2.
Extras
Private heated swimming pool, beautiful garden, nice area, everything on 1 floor (no steps!), possibility to build another floor

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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