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5 bed villa for sale in Altea, Spain, 370 m²

5 bed villa for sale in Altea, Spain, 370 m² - photo 1
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Price€650,000
TypeVilla
Covered area370 m²
Land area1000 m²
Beds5
Bath4
Rooms6
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Environment

Villa in Altea

BEAUTIFUL MODERN VILLA IN ALTEA LA VELLA WITH PANORAMIC VIEWS. Southeast orientation, sunny all day. Great living comfort with floorheating, chimeney and a fully equipped kithcne with high standard.
It is located in a quiet area but close to Altea la Vella, small little town with a beautiful old church, lots of restaurants, bars, supermarkets and even a bank! Altea and the beaches are also close!

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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