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3 bed villa for sale in Llucmajor, Spain, 177 m²

3 bed villa for sale in Llucmajor, Spain, 177 m² - photo 1
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Price€531,000
TypeVilla
Covered area177 m²
Beds3
Bath2
Rooms4
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Description

Detached house situated second line from the sea. The terrace offers beautiful views of the Bay. Total area 958м2, living area 177м2, living room with fireplace and exit to large terrace of 51m2, dining room, kitchen, 4 bedrooms, 2 bathrooms, 1 toilet, gas heating throughout the house, pantry, courtyard Parking, pool, beautiful garden.

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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