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4 bed townhouse for sale in Adeje, Spain, 387 m²

4 bed townhouse for sale in Adeje, Spain, 387 m² - photo 1
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Price€850,000
TypeTownhouse
Covered area387 m²
Beds4
Bath2
Rooms5
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4-Bedroom Townhouse in El Duque 1

Environment
Magnificent 4-bedroom townhouse located in a modern residential complex in El Duque - one of the areas on the Costa Adeje. El Duque is popular with tourists and locals due to its exceptionally convenient location and high quality of accommodation. Many new residential complexes have been built here, and both elite and relatively inexpensive real estate are being sold. In Tenerife, El Duque, like the entire Costa Adeje, is considered one of the most attractive areas for investors.This wonderful property is located in the El Duque district, in the most beautiful area in the south of the island of Tenerife near the luxurious 4 and 5 star hotels, the new exclusive commercial center Plaza del Duque and the best white sand beach of Playa del Duque. Reina Sofia South Airport is only 20 minutes away by car, the exclusive Costa Adeje golf course and the fishing village of La Caleta are also in close proximity.The townhouse consists of four bedrooms, two bathrooms, a guest toilet, a living room and a fully equipped kitchen. The bedrooms are spacious with fitted wardrobes and share one bathroom. Cozy 2 terraces with tropical fruit trees, with a magnificent view of the southern coast of Tenerife, the Atlantic Ocean and the neighboring island of La Gomera. Communal pool with sun loungers. The townhouse is sold furnished.The price also includes a place in the underground parking. If you want to buy a townhouse in the south of Tenerife - for yourself or as an investment - this is an excellent option for all parameters. In the rental market in Tenerife this type of housing with similar characteristics invariably enjoy the highest demand.

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

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