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4 bed villa for sale in Benidorm, Spain, 530 m²

4 bed villa for sale in Benidorm, Spain, 530 m² - photo 1
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4 bed villa for sale in Benidorm, Spain, 530 m² - photo 13
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Price€1,200,000
TypeVilla
Covered area530 m²
Land area900 m²
Beds4
Bath3
Rooms5
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Villa in Benidorm

<p><strong>Benidorm (Rincon de Loix),</strong> in one of the most wanted areas you find this really exceptional modern style villa which is finished for 95%. Only the railing on stairs and terraces needs to be done. The whole villa is 530m2 big! on a plot of 900m2. The maintanance free garden has swimmingpool and palmtrees. Starting with a very clean garage fir at least 2 cars and a lot of storage, you arrive in the laundry room wich has a technical room with the floor heating system, and water softener. A stair with LED lights lead you to the modern open plan kitchen wich is connected to the south facing terrace. Nect to the kitchen there is the entrace of with a hall and a salon. On this level there is also a office and bathroom. On the first floor there are 3 bedrooms and 2 bathrooms. Outside there is a covered salon and another storage with the swimmingpool filter and watering system. This is really a unieque modern property for an aportunity price. 2264€/m2 build! ( salesprice/m2 build) Compare this with other villas and sertainly with the new build ones. You will discover that this is a deal!</p>

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

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