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Rental property for sale in Les Corts, Barcelona, Spain, 302 m²

Rental property for sale in Les Corts, Barcelona, Spain, 302 m² - photo 1
TypeRental property
Year built1936
Covered area302 m²
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Sold residential building with apartments in Les Corts, Barcelona. The building is located in a densely populated area, with good transport interchange, 5 minutes walk from Av. Diagonal. The building has 4 residential apartments (three of which are leased) and 1 commercial unit (rented until 2025). The average rental price in a radius of 300m: Apartments of 60-80 sq. m. 1.300€/month Apartments are 30 to 45 sq. m 800€/month Rental income apt. помещения797€/month Year built 1936 building The number of residential apartments 4 Including: apartment 69 sq. m. 2 the apartment is 59 sq. m. 1 the apartment is 45 sq. m. 1 The total area 302 m2 The building area of 105 m2 Apartment area 242 m2 Square com. space 60 m2 Sale price per square meter of the building is 2.947 euros. The price of residential property sales in the area where the object is located in close proximity to this building is an average – 4.600 Euro per sq. m. Sale price of commercial real estate in the area where the object is located in close proximity to this building is an average – 2.400 Euro per sq. m. The average price of residential property by area, in close proximity to the building in 2018, is of 20.0 euros per sqm Average rental price of commercial property in close proximity to the building, according for 2018 is € 13.50 per sqm The area of Les Corts is 601,8 ha The population of the district is 81.6 thousand inhabitants The population density is 453 people/ha

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

Property Price
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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