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3 bed flat for sale in Estepona, Spain, 155 m²

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Price€2,198,000
TypeFlat
Covered area155 m²
Beds3
Bath2
Market infoNew homes
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Environment

Penthouse in The Edge

The exclusive residential development The Edge is located in the Arroyo Vaquero urbanization, at 150 kilometres of the A-7 road, close to the beach. It is an area belonging to Estepona, a municipality on the Costa del Sol with more than 67,000 inhabitants that offers all kinds of necessary services.

The project is nestled next to the quiet Arroyo Vaquero beach. At a walkable location, you may find here hotels, restaurants, gas stations and supermarkets (Mercadona and Aldi). Just a few minutes by car, in the center of the town, you can find other services such as schools, green areas, gyms and medical centers.

Sports lovers can benefit from the nearby golf courses (among them, Cortesín or Valderrama), prestigious marinas such as Puerto Banús or Sotogrande, and all kinds of places for practising water sports like scuba diving or windsurfing.

The Edge project boasts its great transport communications. Estepona can be reached both by car (in just seven minutes via the A-7) and by bus (L77 bus passes through all the urbanization). This same bus also travels to Marbella (26 minutes by car) and Malaga (one hour).

Project description

Living close to the seashore and having a luxury of direct access to the beach. These are the advantages that any resident of the Edge project gets. This exclusive residential complex is made up of two, three, four and five-bedroom apartments and villas. The properties offer a floor space of 105 and 734 square meters and have the prices starting at 592,000 euros plus VAT.

Well-known architect Rafael de La-Hoz has put great effort to prepare the project’s design. He has managed to perfectly eliminate the borders between the sea and the urbanization. The properties have spacious and luminous rooms that offer striking views of the landscape and crystal clear water of the sea.

All the properties are designed with high-end materials. All the floors are made of first quality porcelain stoneware and with an installed anti-impact sheet to provide great acoustic insulation. The bedrooms include fully fitted wardrobes with LED lighting. The kitchens are fully furnished and equipped with Gaggenau brand appliances such as electric oven, microwave, refrigerator, extractor hood and ceramic hob.

The outdoor communal areas include direct access to the beach, infinity pool and a spa zone. To guarantee the tranquillity and safety of all its inhabitants, the project offers 24 hours security service and an individual alarm system.

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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