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5 bed villa for sale in Madrid, Spain, 452 m²

5 bed villa for sale in Madrid, Spain, 452 m² - photo 1
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5 bed villa for sale in Madrid, Spain, 452 m² - photo 3
5 bed villa for sale in Madrid, Spain, 452 m² - photo 4
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5 bed villa for sale in Madrid, Spain, 452 m² - photo 12
5 bed villa for sale in Madrid, Spain, 452 m² - photo 13
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5 bed villa for sale in Madrid, Spain, 452 m² - photo 18
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Price€1,500,000
TypeVilla
Covered area452 m²
Land area100 m²
Beds5
Bath3
Rooms6
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Villa in Madrid

VILLA LOCATED IN SAN MARTIN DE LA VEGA (MADRID). It has 3 floors: A ground floor, first and the top floor connected by an internal staircase. The ground floor has a floor area of 95.22m ². Also on the ground floor there is a closed garage for two cars, with automatic door. It is also used as a gym. This floor is divided into: entrance hall, toilet, kitchen and living room. The first floor has 4 bedrooms, 2 bathrooms (one of them en-suite, dressing room and terrace). The top floor with the same m² as above, comprises: lounge, bathroom with hydromasage, a bedroom and a sitting area with an office. Outside there is a pergola covering the garden, one garage and a beautiful saltwater pool and heated, with 34 solar panels. The property is equipped with air conditioning and natural gas heating.

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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