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5 bed villa for sale in Adeje, Spain, 284 m²

ID: 275256
Price€1,645,000
TypeVilla
Covered area284 m²
Land area600 m²
Beds5
Bath4
Rooms6
Qualify for Residence Permit
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Environment

5 bedroom Villa for sale in Costa Adeje

Detached luxury villa, El Duque – beautifully appointed detached villa set on a plot of 600m2 with a total built area of 284m2.  This lovely villa is located in the prestige area of El Duque, near to the five star resorts of La Plantación and The Bahia del Duque hotel.  It is situated in a quiet, residential street, in an elevated position from which you can enjoy panoramic views over the coast of Costa Adeje. 

Internally the property comprises a spacious lounge, partly open plan and fully fitted kitchen, large utility room that leads through to a garage for 2 x cars.  It also has a guest wc, 3 x bedrooms and 2 x bathrooms on the entrance level, so all the main living space is on one floor with no need to go up and down stairs.  The lounge leads on to an open plan conservatory with spacious seating and dining areas.  From here you can access the large sun terrace and heated swimming pool.  Outside there is also a gazebo area with seating, sunbathing and chill-out area.  

The ground floor of the property is perfect for guests.  It has 2 double bedrooms and 2 bathrooms and also access to a beautifully maintained garden area.  The villa is very private and is of the highest standard.  Price – 1,645,000 Euros. 

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%
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