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4 bed villa for sale in Arona, Spain, 1201 m²

ID: 173262
Price€900,000
TypeVilla
Covered area1201 m²
Beds4
Bath3
Rooms5
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4 Bed Villa - Chayofa

Environment
If you are looking for one of the quieter areas of Tenerife, you are right choosing Chayofa. This delightful residential area isn’t that far away from Los Cristianos but far enough away to be peaceful and although not that close the coast and the beaches, there are a lot of advantages to living in this area of the island.Chayofa is set on a wonderful hillside looking down on Los Cristianos, Las Americas and Costa Adeje. The area boasts one of the best restaurants and there a couple of bars and shops in Chayofa.
Building
Luxury villa in a corner 900 m2 plot in Chayofa. 2 floors, garden with computerized watering system, closed pool. First floor is 140 m2 big and has 2 bedrooms, 1 bathroom, a lounge, a kitchen and a terrace. Second floor is 152 m2 and has another kitchen and a lounge, 2 more bedrooms, a bathroom and a toilet, and 2 terraces. Underground floor has a garage, storage and utility room. Air conditioning throughout all the villa, as well as a heating system, heated floors. New electricity and plumbing. 5 min drive from the beaches of Los Cristianos.

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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    • Covered area: 152 m²
    • 5 rooms, 3 bath
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    • Covered area: 550 m²
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Helga
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