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3 bed apartment for sale in Altea, Spain, 112 m²

3 bed apartment for sale in Altea, Spain, 112 m² - photo 1
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3 bed apartment for sale in Altea, Spain, 112 m² - photo 20
Price€185,000
TypeApartment
Covered area112 m²
Beds3
Bath2
Rooms4
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Apartment in Altea

SPACIOUS, GOOD STANDARD 3 BEDROOM APARTMENT WITH 40 M2 TERRACE. This apartment of 112 m2, is very well kept, and in a quiet location near the old town, Palau Altea and the University. There is a very big living room with dining area, modern kitchen and laundry room, 3 good size bedrooms and 2 modernised bathrooms, 1 is en suite with the master bedroom. Views to town and the Ifach, Calpe from the terrace. There is a very big communal roof terrace, with amazing views to sea, mountain and the old town - shared with 7 other apartments. Short walking distance to shops and restaurants, and the charming old town. In the area it is normally easy to park, but the building do have garages, and there might be a possibility of buying a garage.

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
319 per month
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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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