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4 bed villa for sale in Estepona, Spain, 307 m²

4 bed villa for sale in Estepona, Spain, 307 m² - photo 1
4 bed villa for sale in Estepona, Spain, 307 m² - photo 2
4 bed villa for sale in Estepona, Spain, 307 m² - photo 3
Price€1,250,000
TypeVilla
Covered area307 m²
Beds4
Bath4
Market infoNew homes
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Environment

Villa New Heights

If the Costa del Sol is also known as the golf coast, it is due to the areas like the one where the residential development the New Heights is located. Because in the surroundings of this architectural complex, located on Avenida de la Resina in the Estepona municipality, there are courses and clubs as exclusive as La Resina Golf & Country Club, Lunymar Golf and Golf Hills Estepona.

Situated next to the Las Joyas urbanization, the New Heights residential development is located at the eastern end of Estepona. It is a very quiet area, which stands out for its wide range of commercial centers, restaurants and leisure establishments. Guadalmansa beach is the closest to the complex and can be accessed in just 10 minutes by road.

In general, this new house development has very good access by car, thanks to the proximity of the Autovía del Mediterráneo A-7 and the Autopista del Mediterráneo AP-7. This gives fast access to other towns on the Malaga Costa del Sol such as Marbella in just 20 minutes and Malaga city in an hour. In a western direction you can quickly reach the province of Cádiz, with municipalities such as Sotogrande half an hour away.

The heart of the area is the Malaga town of Estepona. The journey to its extensive boardwalk is just 15 minutes from the New Heights residential development. There we find a wide range of commercial centers, restaurants and leisure establishments, such as bars, restaurants, beach bars, bars, shops and supermarkets. The municipality also has all the necessary services, such as schools and institutes.

The New Heights residential development is an exclusive new-build housing complex made up of six buildings with surfaces ranging from 307 to 404 square meters. The prices of these luxury buildings start at 985,000 euros plus VAT and go up to 1,350,000 euros plus VAT.

Located in a quiet and well-connected environment, the villas are situated on the first line of the golf course and have spectacular panoramic views over the Mediterranean Sea. They are two-storey high houses, with energy certificate A, swimming pool, parking and an aerothermal heating system with underfloor heating.

Each house occupies a huge plot that ranges between 1,000 and 1,150 square meters. All of them have four bedrooms and between three and four bathrooms. They are modern and elegant buildings, characterized by the white color of their facades and designed taking into account the latest techniques to make the buildings ecological and low-maintenance.

First quality materials have been used for the construction of the buildings. Regarding the distribution of the rooms, it should be noted that the main bedroom includes a dressing room and  all the rest of rooms have luxurious en-suite bathrooms. In addition, all the rooms have  magnificent natural lighting thanks to the installation of large windows.

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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