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2 bed apartment for sale in Altea, Spain, 86 m²

2 bed apartment for sale in Altea, Spain, 86 m² - photo 1
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Price€210,000
TypeApartment
Covered area86 m²
Beds2
Bath2
Rooms3
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Environment

Description

The apartment is located in the exclusive area of the town of Mascarat, a quiet area a few meters from the beach.From the terrace and the main room there are open views to the sea and the mountain. Due to the orientation the sun illuminates the house from noon to sunset.The property is divided into two rooms, living room, separate kitchen, two bathrooms and a large terrace open to the sea.The community has three large swimming pools with stunning views of the mountain, and two paddle courts.The Town of Mascarat, connected to the marina, is between Calpe and Altea, and is easily accessible from the main road, and is just 5 minutes from the exit of the Altea motorway, which connects Valencia and Alicante ( and the rest of Spain)The apartment has air conditioning (hot and cold), gas central heating, and has a private parking space, closed with its own door, valued at € 20,000

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
0%
Amina
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