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2 bed a house for sale in Altea, Spain, 130 m² - photo 1
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2 bed a house for sale in Altea, Spain, 130 m²

ID: 279417
Price€320,000
Typea House
Covered area130 m²
Beds2
Bath1
Rooms3
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Environment

Bungalow in Altea

COMPLETELY REFORMED TOWNHOUSE IN THE OLD TOWN. Very elegant, bright and charming townhouse with many details incl. tiles of the artist Patricia Urquiola. Reform just been finished in 2018. Has 2 terraces - upstairs with beautiful views. Downstairs a living room, dining area, kitchen, bath and a terrace, upstairs 2 bedrooms, one could be changed to a bath, and an extra living area, that can become a bedroom. Another terrace with beautiful views. Air condition hot/cold up and downstairs. Placed in a quiet area, but short distance to restaurants and to the shopping streets of Altea and the sea.

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
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  • Spain, AlteaSpain, Altea
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Paula
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