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2 bed flat for sale in Estepona, Spain, 141 m²

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Price€369,000
TypeFlat
Covered area141 m²
Beds2
Bath2
Market infoNew homes
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Environment

Apartment in Scenic

Located in Estepona, this residential complex allows you to enjoy one of the quietest natural sites in the municipality, Parque de las Mesas, and magnificent views over the coast. Its proximity to the marina and the historic center means provides easy access to the wide range of services and establishments.

Estepona is currently one of the most desirable destinations on the Costa del Sol by both property buyers and tourists. Its kilometers of coastline, hotel diversity, educational centers, hospitals and green areas make it a recommended point in the whole province.

The town is perfectly connected by the A7 and AP7 motorways and is close to other places of great interest such as Marbella, Sotogrande or the city of Malaga, which has the AVE station and an international airport.

Project description

Scenic is urbanization formed by 74 properties of different types: from the ground floor with a private garden to penthouses with large terraces and an optional jacuzzi.

All properties offer exceptional sea views and have a storage room and two parking spaces included in the price. The apartments have an area of ​​126.96, 142.02, 170.36, 189.51 and 218.16 square meters (one, two, three, four and five rooms). Their prices are, respectively, 341,000, 369,000, 432,000, 491,000 and 575,000 euros.

The urbanization, closed and with a television circuit, has an infinity pool, gym area and multipurpose room, changing rooms and green herb areas. The project aims to obtain the BREEAM International Certificate.

The properties will be delivered in the third quarter of 2020. They stand out for their quality finishes and equipment: porcelain flooring; kitchen with a Silestone countertop, Hansgrohe mixer tap, column with a multifunction oven and a microwave, an induction digital ceramic hob and Siemens brand appliances; bathrooms with toilets of leading brands; Daikin aerothermal heat pump and underfloor heating.

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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