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5 bed villa for sale in Benidorm, Spain, 238 m²

5 bed villa for sale in Benidorm, Spain, 238 m² - photo 1
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Price€790,000
TypeVilla
Covered area238 m²
Land area1000 m²
Beds5
Bath2
Rooms6
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Villa in Benidorm

<p>In the Rincon de Loix area in Benidorm, you will find this villa on a plot of 1000m2. The villa has 5 bedrooms and 2 barthrooms a nice independent kitchen and a nice size living room or 48m2. The quality of the building is "German" quality aswell as the double glazing and shutters. This is a robust building. The underbuild has the possibility to extend or use as a big garage for your old-timer collection! . In this neighborhood you can also extend with one store more. On the entrance is a carport and a swimming pool. Call for a visit at this unique location</p>
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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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