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5 bed villa for sale in Altea, Spain - photo 1
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5 bed villa for sale in Altea, Spain

ID: 244493
Price€1,399,000
TypeVilla
Land area900 m²
Beds5
Bath5
Rooms6
Qualify for Residence Permit
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Modern villa with sea and mountain views in Altea Hills

This new build villa is located in Altea Hills, from where it has beautiful sea and mountain views. The villa has tall windows, allowing a lot of light into the different areas. It has 2 bright living rooms with each there own American kitchen.
There are 5 bedrooms, 2 of them have an en-suite bathroom. In total there are 5 beautiful well-sized bathrooms. Outside there are 2 main southwest orientated terraces with sea and Mountain Views. There is a beautiful swimming pool from where you can enjoy the stunning views Altea Hills has to offer.
The villa has a big garage, marble flooring, under floor heating and an elevator.

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%
Helga
Offices in Spain
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