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3 bed townhouse for sale in Adeje, Spain, 119 m²

Price€990,000
TypeTownhouse
Covered area119 m²
Land area34 m²
Beds3
Bath3
Rooms4
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Environment

Seafront 3 Bedroom Townhouse

Exclusive villa on the first line of 3 bedrooms in the most prestigious tourist area of southern Tenerife, Playa Fañabé in Costa Adeje, two steps away are shops, restaurants and bars to any taste, direct access to the famous beach of Fañabe. It is a sunny and furnished villa, built in 1989, which has 154 m2 of which 119 m2 are useful and has 3 bedrooms and 3 bathrooms.
It is a west facing property. It has swimming pools, balcony, fitted kitchen, equipped kitchen and air conditioning and has terrace, dishwasher, stairs and entrance from street.
It has two floors, a panoramic view to the sea. The complex called Lagos de Fañabe has 2 communal swimming pools, 24 hour reception, restaurant and bar. It has its own entrance from the beach.

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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