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8 bed villa for sale in Adeje, Spain, 5480 m²

ID: 173426
Price€1,600,000
TypeVilla
Covered area5480 m²
Beds8
Bath4
Rooms9
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8 Bed Villa + 5.000 m2 - Los Menores

Environment
This elegant vila is located in a quiet and surrounded by natural landscape. Los Menores is a small village within the municipality of Adeje. Its location is perfect for those who want to be away from all the tourist center but a short time drive to everything you need to live your life comfortably .
Building
Excellent quality. 2 additional one bedroom 50 m2 apartments below, for guests or housekeepers. At the moment the villa is separated into 2 parts, each with 3 bedroom, 2 bathroom, big lounge, kitchen and a garage. Living area 480 m2 and built area 680 m2.
Plot
Built on a 5.000 m2 plot surrounded by tropical gardens and with stunning panoramic views on the South Coast of Tenerife and the Ocean.
Extras
Alarm system, automatic irrigation and an automatic garage door.

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
2 761 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
Amina
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