property in SpainTenerife areaAdeje citytownhouse173015

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3 bed townhouse for sale in Adeje, Spain, 272 m²

Price	€830,000
Type	Townhouse
Covered area	272 m²
Beds	3
Bath	2
Rooms	4
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3 Bed Townhouse - Bahía del Duque - El Duque

Environment
Located in one of the most exclusive areas in the South of Tenerife this 3 bedroom townhouse is situated within a gated residential community. A good property in a premier location with easy access to the 5 star facilities of the El Duque district including the shopping centres and El Duque beach.
Building
The property comprises of 3 bedrooms, 2 bathrooms, study, independent fully fitted and equipped kitchen and dining area. Spacious lounge with direct access to the terrace and garden area.
Plot
The house of 105 m2 on a plot of 167 m2 with terrace and a garden.
Extras
Community pool and barbecue. Sold partly furnished.

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

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Spain, Adeje
Townhouse €830,000
- Covered area: 272 m²
- 4 rooms, 2 bath

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