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2 bed villa for sale in La Orotava, Spain, 85 m²

Covered area85 m²
Land area434 m²
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2 Bedroom Villa

Charming independent terraced house in La Orotava in classic style with partial sea view from the garden. It is just a 7-minute drive from the famous El Monasterio restaurant and 10 minutes from Alcampo La Villa shopping center. The house is sunny, very bright and has two gardens. The house is located on a plot of 434 m2 and has a total of 93 m2, which are located on one floor as follows: living room, dining room, kitchen, toilet, two bedrooms, a bathroom, a laundry room and a terrace. The property has a north-facing garden accessible from the terrace, and another south-facing front yard with parking. The property is sold partly furnished. The house has a tourist rental license and is therefore ideal for both living and investment. Year of construction 1950, last reform in the year 2009. Grundstuer amounts to 419 euro per year.

Extra Сosts when Buying Property

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%
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
423 per month
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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
Company Representatives
in Spain
Barcelona, Marbella, Mallorca, Tenerife
+34 (931) 720-189
in UK
in Russia
+7 (495) 240-81-87
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