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1 bed apartment for sale in Benidorm, Spain, 65 m²

1 bed apartment for sale in Benidorm, Spain, 65 m² - photo 1
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1 bed apartment for sale in Benidorm, Spain, 65 m² - photo 20
Price€110,000
TypeApartment
Covered area65 m²
Beds1
Bath1
Rooms2
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Description

Sold one bedroom apartment in a new house with a very large balcony which is glazed and is used as another full bedroom. The apartment is fully ready for living and renting. Closed urbanization with swimming pool. Storage room downstairs included in the price. In a walking distance to the shops, two minutes from the sea.
Urbanisation is ideally located from the point of view of beach and recreation, and transport: 3 minutes from the highway N-332 and A-7 motorway, which connects Alicante, Benidorm and Valencia, 5 minutes from the tram that circulates throughout the Costa Blanca from Alicante to Denia. 40 mins from Alicante airport. Any kind of holiday is located 5 minutes Golf courses, theme parks, Terra Míitica and Terra Natura, a zoo, water Park, sailing school. A large shopping center La Marina with cinemas, playgrounds, hypermarket Carrefour, supermarkets Lidl and Mercadona within a 5 minute distance by car. Close to the hospital in Villajoyosa and Benidorm several hospitals. The centre of Benidorm 5 min. by car or public transport, the movement of which is adjusted smoothly. A great option for renting throughout the year, as well as for own living or for holidays.
 
 

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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Interest Rate
190 per month
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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
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