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4 bed villa for sale in Llucmajor, Spain, 380 m²

4 bed villa for sale in Llucmajor, Spain, 380 m² - photo 1
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Price€695,000
TypeVilla
Covered area380 m²
Beds4
Bath3
Rooms5
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Description

Don't miss the opportunity to buy a lovely Villa with sea views for almost half the price of its real value. House worth 1.000.000 euros now available for only 695.000 euros. Plot size 1100m2, living area 380 m2, terraces with sea views, a bright living room, dining room, equipped separate kitchen, 5 bedrooms, 3 bathrooms, gas heating, air-conditioning, utility room, Laundry, ample Parking, private pool, garden, children's Playground. On the ground floor is a large room for a summer cabin, a games room with 2 bathrooms, summer kitchen, office.

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

Property Price
Rental Cost
0%
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