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22 bed flat for sale in Benidorm, Spain, 220 m²

22 bed flat for sale in Benidorm, Spain, 220 m² - photo 1
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Price€198,000
TypeFlat
Covered area220 m²
Beds22
Bath2
Rooms23
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Description

This apartment is located in a gated complex with swimming pool, tennis court, Playground, green gardens. Just a 2-minute walk there is a supermarket, bars, restaurants, shops and 5 minutes walk from a sandy beach. Themselves apartment has 90 m2 and consist of two bedrooms, two bathrooms, spacious kitchen, large bright living room with exit to huge terrace (149м2). The apartment is angular, which allows you to enjoy the sun both in the morning and after lunch. The terrace has several areas: a dining area, barbecue area, recreation area. The price includes a Parking place and a storage room (11m2).

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
342 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
Rental Cost
0%
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