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5 bed villa for sale in El Madronal, Adeje, Spain, 347 m²

Price€1,050,000
TypeVilla
Covered area347 m²
Land area845 m²
Beds5
Bath5
Rooms6
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Environment

5 Bedroom Villa

Fabulous property of new construction with views to the sea and the mountain in the privileged area El Madroñal, on a plot of 845 m2. This two-level villa has about 347 m2 of living space and the possibility of an extension of about 90 m2. It consists of 5 bedrooms, 5 bathrooms, living / dining room / open kitchen, large terraces, garden and space for an outside dining room. The large windows provide a lot of natural light and create harmony between the interior and exterior spaces. The Villa is built with quality materials. It also has a very large garage for several cars and storage rooms.
The villa is located near the Costa Adeje School, the Aqua Club Spa and the Gran Sur shopping center. Only 5 minutes by car from Siam Park, Siam Mall and the best beaches in the South of Tenerife.

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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