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7 bed villa for sale in Altea, Spain, 600 m²

7 bed villa for sale in Altea, Spain, 600 m² - photo 1
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7 bed villa for sale in Altea, Spain, 600 m² - photo 11
7 bed villa for sale in Altea, Spain, 600 m² - photo 12
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7 bed villa for sale in Altea, Spain, 600 m² - photo 19
7 bed villa for sale in Altea, Spain, 600 m² - photo 20
Price€525,000
TypeVilla
Covered area600 m²
Land area5000 m²
Beds7
Bath5
Rooms8
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Description

Big villa, detached on a plot of 5000 m2. Altea, urbanization La Galera de las Palmeras/
- great views to the sea and mountains
- central heating
- 7 bedrooms with 3 en-suite bathrooms and toilet
- 2 separate bathrooms
- 2 guest toilets
- big living kitchen area with sea and mountain views
- several (covered) terraces
- 2 entrances ground floor and on first floor with doors with remote controls, videocom doorbell
- big garage for 6 cars with ‘grease pit’. (to do car maintenance)
- garage for 1 car and pool room.
- gasboiler/heating (outside at the side of the house)
- big gas tank from Repsol, behind the house
- carport for 3 cars first floor
- fish pond
- security camera (Prosegur)
- pool on the ground floor
Distribution:
Ground floor:
- big covered terrace over the total width of the house
- entrance: wide corridor with a big bedroom with en-suite on both sides,
bathroom, toilet, sink
- guest toilet and separate sink, store locker
- storeroom with possibility to extend to make a bigger kitchen and entrance to the entertainment
room, possible to divide into 2 big rooms and entrance to the big enclosed
garage for 6 cars
- stairs to the first floor
First floor:
- little hall, a guest toilet and entrance to:
- kitchen in between and big living kitchen, also entrance at the first floor
- bedroom with bathroom and airconditioning
- living room with chimney and ‘log-burner’
- big covered terrace over the total width of the house
- 2 bedrooms with bathroom and toilet in between
- stairs to the attic
Second floor(attic):
- sunterrace over the whole width of the house
- big bedroom with airconditioning
- big fitted wardrobe
- sitting room with beautiful sea views
- big bathroom with big bath and shower cubicle, double sink
- open kitchen (Ikea)
- second (open) bedroom, big fitted wardrobe and beautiful views of the mountains and the
sea
- terrace at the back

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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