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2 bed flat for sale in Alicante, Spain, 75 m²

2 bed flat for sale in Alicante, Spain, 75 m² - photo 1
2 bed flat for sale in Alicante, Spain, 75 m² - photo 2
Price€220,000
TypeFlat
Covered area75 m²
Beds2
Bath2
Market infoNew homes
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Environment

Apartment in Azara

The San Juan beach in Alicante is one of the most popular beaches on the Costa Blanca. The Azara complex is situated just nearby, on Maestro José Garberí Serrano Avenue. Specifically, this residential project is located only 700 metres away from the sea so you can enjoy the sand, the sun and the Mediterranean after a ten-minute walk.

Azara is located in an area known as PAU 5. In the last few years it has undergone great development so here you can find everything you need for everyday life: schools, supermarkets, health centres, restaurants, gyms, tennis or paddle clubs, golf courses and even more.

It is also a part of the city with good communications. There are bike paths and it takes only 15 minutes to get to the historic centre of Alicante by car. In addition, the area offers bus stops for several bus and tram lines (1 and 3).

Azara is an exclusive residential complex located on San Juan beach. It consists of 210 apartments (86 in phase one and 124 in phase two). There are different types of properties for sale: having one, two, three and four bedrooms with large terraces.

The complex has large garden areas, a swimming pool for adults and children, a fully equipped gym, a paddle tennis court, a children's playground, a sauna, a solarium and a bicycle room. Everything has been designed to guarantee the comfort of its future inhabitants.

The materials of only the best quality were used for construction. They have lacquered doors, porcelain tile floors throughout the apartments and non-slip ones on the terraces, air-conditioning system by means of aerothermal energy supported by solar panels. In addition, the kitchen is delivered equipped with modern furniture and some electrical appliances.

The price starts from 175,000 euros plus VAT and includes a parking space and a storage room per property.

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

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