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3 bed villa for sale in Finestrat, Spain, 268 m²

3 bed villa for sale in Finestrat, Spain, 268 m² - photo 1
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Price€525,000
TypeVilla
Covered area268 m²
Land area482 m²
Beds3
Bath2
Rooms4
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Villa for sale in Finestrat

New project in Finestrat. A residential complex of 5 homes with different models. The villas are built on 482 m2 plots. High quality materials are used to build these incredible villas, panoramic windows overlooking the sea. The constructed surfaces of 268 m2 plus the terraces and the solarium. Homes with 3 bedrooms, 2 bathrooms, fitted wardrobes, large living room and American kitchen. The houses have a parking space, swimming pool, a basement and green areas. It also offers air-conditioning and central 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
Rental Cost
0%
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