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3 bed villa for sale in Finestrat, Spain, 224 m²

3 bed villa for sale in Finestrat, Spain, 224 m² - photo 1
3 bed villa for sale in Finestrat, Spain, 224 m² - photo 2
3 bed villa for sale in Finestrat, Spain, 224 m² - photo 3
3 bed villa for sale in Finestrat, Spain, 224 m² - photo 4
3 bed villa for sale in Finestrat, Spain, 224 m² - photo 5
3 bed villa for sale in Finestrat, Spain, 224 m² - photo 6
3 bed villa for sale in Finestrat, Spain, 224 m² - photo 7
3 bed villa for sale in Finestrat, Spain, 224 m² - photo 8
3 bed villa for sale in Finestrat, Spain, 224 m² - photo 9
3 bed villa for sale in Finestrat, Spain, 224 m² - photo 10
3 bed villa for sale in Finestrat, Spain, 224 m² - photo 11
Price€424,900
TypeVilla
Covered area224 m²
Beds3
Bath3
Market infoNew homes
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Environment

Chalet in Sunny Hills Resorts

Sunny Hills Resorts development consists of 76 bungalows and 28 luxury villas located in Finestrat, a municipality of Alicante situated in Marina Baja region and forming a conurbation with Benidorm.

The area is a remarkable spot for striking views of the Mediterranean Sea, beautiful sunsets and for the vibrant lifestyle from Benidorm, which receives it tourists all year round with a wide range of cultural activities, dining, entertainment and famous by its picturesque views and shores.

Among the most remarkable places of Finestrat are its beautiful historical center, located inland and one of the most charming places of Costa Blanca thanks to its “hanging houses”; the Finestrat creek and legendary 1,410 meters high Puig Campana mountain. The famous theme park Terra Mitica is also located in this area. The central Finestrat square, the parish church Saint Bartolome and the castle are also between the main tourist attractions.

Finestrat is situated 8 minutes away from Benidorm, 50 kilometers from Alicante-Elche airport and high-speed train station. You can get to this development by car through AP-7 motorway and N-332 road.

Project Description

Sunny Hills Resort is a luxury residential complex with calm environment in a prime area but without giving up all day-to-day comforts.

The residential development consists of 76 bungalows and 28 luxury villas, which satisfy the most varied needs of customers. The bungalows are equipped with 2 or 3 bedrooms, 2 bathrooms, garage and some of them with solarium. Area of 120 square meters, the starting price is 179,900 euros plus VAT. 

On the other hand, the 288 square meters villas have 3 or 4 bedrooms and 2 or 3 bathrooms, several solariums, private swimming pool and the possibility of basement. They are built on 550 square meters plots what ensure the privacy of their owners. The price of the villas starts at 399,900 (without VAT).

Also, the residential has its large common area with swimming pool, rest area, children’s games area and hammocks.

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

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