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3 bed apartment for sale in El Medano, Granadilla de Abona, Spain, 104 m²

Price€285,000
TypeApartment
Covered area104 m²
Beds3
Bath2
Rooms4
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Environment

3 Bedroom Apartment

For sale this beautiful apartment located in el Medano, just next to the main square and 50 meters from the beach. It is an apartment that has 114 m2 of which 104 m2 are useful, it has 3 bedrooms and 2 bathrooms. It also has a terrace of 10 m2 glazed from which there are side views of the sea.
It is a tourist and centric property with all the amenities at your fingertips without need to have a car (banks, school, medical center, pharmacy, great gastronomic variety, etc). It has a balcony, fitted kitchen, elevator, in good condition, garage space included, kitchen and wardrobes.
A perfect property both as a second home and for investment in one of the fastest growing areas in the south of Tenerife.
The price is €285 000 with garage or €265 000 without garage.
Do not miss the opportunity to visit it !!

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%
Company Representatives
in Spain
Barcelona, Marbella, Mallorca, Tenerife
+34 (931) 720-189
in UK
London
+44-20-3936-4067
in Russia
Moscow
+7 (495) 240-81-87
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