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3 bed villa for sale in Chayofa, Arona, Spain, 242 m²

Covered area242 m²
Land area510 m²
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3 Bedroom Villa

Excellent spacious villa in Chayofa, with large terraces. The property has a heated covered pool, a jacuzzi and a closed garage with space for three cars. The house was built on a plot of 510 m2 and has a total of 242 m2 of living area, spread over two floors as follows:
On the upper floor there is a spacious living room from which you can access the terrace with lateral sea views. Also here is the dining room, the kitchen and two bedrooms, each with its own bathroom. The ground floor consists of a complete apartment with a bedroom, two bathrooms, a living room and a kitchenette. Both communicate internally via a staircase. In addition, there is a huge storage room and a garage in the villa.
The property has a 150 m2 sun terrace with whirlpool, barbecue and garden. The property is sold fully furnished and equipped. Community fee 106 euros per month. IBI tax is 1180 euros per year. Year of construction 1979.

Extra Сosts when Buying Property

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%
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

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Rental Cost
Company Representatives
in Spain
Barcelona, Marbella, Mallorca, Tenerife
+34 (931) 720-189
in UK
in Russia
+7 (495) 240-81-87
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