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2 bed apartment for sale in Elche, Spain, 92 m²

2 bed apartment for sale in Elche, Spain, 92 m² - photo 1
2 bed apartment for sale in Elche, Spain, 92 m² - photo 2
2 bed apartment for sale in Elche, Spain, 92 m² - photo 3
2 bed apartment for sale in Elche, Spain, 92 m² - photo 4
2 bed apartment for sale in Elche, Spain, 92 m² - photo 5
2 bed apartment for sale in Elche, Spain, 92 m² - photo 6
2 bed apartment for sale in Elche, Spain, 92 m² - photo 7
2 bed apartment for sale in Elche, Spain, 92 m² - photo 8
2 bed apartment for sale in Elche, Spain, 92 m² - photo 9
2 bed apartment for sale in Elche, Spain, 92 m² - photo 10
2 bed apartment for sale in Elche, Spain, 92 m² - photo 11
Price€220,000
TypeApartment
Covered area92 m²
Beds2
Bath2
Rooms3
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Environment

Apartamento en Arenales del Sol – Bennecke

First floor apartment in a pleasant residential area in Los Arenales del Sol. The apartment provides 2 bedrooms, 2 bathrooms, cosy living-room, half-open kitchen, and 6m 2 terrace. The residential is made up of spectacular areas landscaped by which you can give a nice walk, swimming pool and parking. The Arenales del sol are located in the eastern part of the municipality of Elche, on the coast, close to the towns of El Altet and Balsares. Found on the Mediterranean coast, and its beaches are an extension of 4 km, 15 km from Elche, 5 km from the international airport of el Altet and 11 km from the capital of the province. Arenales is one of the best beaches of the Costa Blanca. It has a natural park of dunes with crystal blue waters. Its waters have been recognized with the blue flag, as one of the most popular beaches on the Costa Blanca, is the perfect place for sports and nautical activities. Your walk leads to the sea coast through wooden walkways, to preserve the native flora and make it accessible for everyone. This area is perfectly connected and has public transport to Alicante and its international airport (just 5 minutes away) and other points of interest. Surrounding you can find shops, restaurants and services available throughout the year.

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
380 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
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