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3 bed flat for sale in Estepona, Spain, 140 m²

3 bed flat for sale in Estepona, Spain, 140 m² - photo 1
3 bed flat for sale in Estepona, Spain, 140 m² - photo 2
Price€297,450
TypeFlat
Covered area140 m²
Beds3
Bath2
Market infoNew homes
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Environment

Apartment in South Bay Las Mesas III

South Bay las Mesas III is located in Estepona, one of the best municipalities on Malaga's Costa del Sol. The climate here is enviable, with more than 300 days of sunshine a year, with a pleasant Mediterranean wind. The city is located between beautiful beaches and the monumental Sierra Bermeja.

The location of the complex is excellent, between the beaches del Cristo and de l a Rada, Punta de la Doncella and the Port of Estepona. It is just a few metres from Las Mesas Sports Centre, where you can practice fitness and paddle tennis. The complex is also close to the beautiful children's park, as well as to several supermarkets.

The proximity to the beautiful historic center of Estepona with its whitewashed intricate streets guarantees access to basic services such as restaurants and entertainment, cultural and medical centers, schools, green areas, museums and the municipal market. The port of Estepona, located less than a kilometer from the complex, has 447 berths for boats between 8 and 35 meters length, making it an ideal place for lovers of boat rides.

The development has a direct access to the AP-7 and the A-7 roads, which runs parallel to the coast. Sotogrande, Puerto Banus and Marbella are less than 20 kilometres away. Malaga International Airport is a 50-minute drive away and Gibraltar International Airport is less than a 40-minute way.

The South Bay Las Mesas III complex is a residential complex consisting of 77 two, three and four rooms houses. The area of the property is at least 110 square meters and the prices start at 243,450 euros plus VAT (the price includes garage and storage room).

The complex includes excellent communal areas: swimming pool for adults and children, equipped gym, Spa, Gastrobar, sauna and sunbathing area. The apartments are characterized by an avant-garde design, quality finishes and premium materials that are used for the construction.

In addition, the houses have large terraces with sea views that fill the rooms with natural light. The kitchen, fully furnished and equipped with appliances, overlooks the open-plan living room. The bathrooms feature modern design single-lever faucets and excellent qualities white toilets.

The doors and cabinets are varnished in white and the floors are ceramic. All homes in the South Bay Las Mesas III complex have highest standards of energy efficiency.

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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