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6 bed villa for sale in La Nucia, Spain, 550 m²

6 bed villa for sale in La Nucia, Spain, 550 m² - photo 1
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Price€760,000
TypeVilla
Covered area550 m²
Land area5700 m²
Beds6
Bath5
Rooms7
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Villa in La Nucia

<p>It is a large private villa located in a dead end small residential street with only 6 villas. The property is totally gated with 5.700m2 of urbanizable land. The construction counts with 550m2 aprox. There is a central house with a large living room dining room kitchen, 3 bedrooms and 3 bathrooms at the ground floor plus a large semi covered terrace. Closed fire place cassette and air-conditioning in one bedroom. There is a separate small apartment 1 bedroom with air-co on the first floor which is partly used as laundry with terrace. This building needs remodeling. All window frames are double glazed and recently changed (apart of kitchen). On the other side of the pool 5x10 you find a recently built separate house/apartment with 2 bedrooms and 2 bathrooms living room and US kitchen . Floor heating and air conditioning. Underneath there is a 110m2 bodega constructed with profesional noise insulation for music rehearsing, parties or recordings.</p>
<p>There is also a fire place and a communicated one car place garage. The property is accessed thru an electric gate. The path is leading to 3 carports. The planning and development certification (cedula urbanistica) from the town house allows this property to develop the land into building projects like +/- 10 bungalows of 100m2 as an example which means that this property could be turned into an investment.(to be studied). Different activities would be also allowed which would include a geriatric etc.</p>
<p> The property is not seen from the street which makes it a very private small domain overlooking a valley.</p>

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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