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Flat for sale in Estepona, Spain, 156 m²

Flat for sale in Estepona, Spain, 156 m² - photo 1
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Price€449,000
TypeFlat
Covered area156 m²
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4 Bedroom, 2 Bathroom Penthouse For Sale in Estepona

Stunning south orientated duplex penthouse apartment situated in a very prestigious area of the New Golden Mile. This very impressive 4 bedroom property offers very light and spacious rooms, an open plan lounge dining area which leads out onto a very impressive open terrace where you can dine alfresco or simply lounge around taking in the glorious Mediterranean sunshine. The property also boasts a large kitchen with beautiful breakfast area. Also on the lower level the property has 3 spacious bedrooms, a family bathroom and cloak room. On the upper level you can enjoy the privacy of the beautiful master suite with your very own dressing area and en-suite bathroom. The master suite enjoys direct access to a further impressive outdoor area. The property boasts magnificent panoramic views across the beautifully manicured gardens as well as across the coastline to the Rock of Gibraltar and the spectacular Atlas Mountains of Africa. The complex boasts luscious grounds, swimming pool and padel courts. Truly a unique property.

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
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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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0%
Paula
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