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6 bed townhouse for sale in Madrid, Spain, 299 m²

6 bed townhouse for sale in Madrid, Spain, 299 m² - photo 1
6 bed townhouse for sale in Madrid, Spain, 299 m² - photo 2
6 bed townhouse for sale in Madrid, Spain, 299 m² - photo 3
6 bed townhouse for sale in Madrid, Spain, 299 m² - photo 4
6 bed townhouse for sale in Madrid, Spain, 299 m² - photo 5
6 bed townhouse for sale in Madrid, Spain, 299 m² - photo 6
6 bed townhouse for sale in Madrid, Spain, 299 m² - photo 7
6 bed townhouse for sale in Madrid, Spain, 299 m² - photo 8
6 bed townhouse for sale in Madrid, Spain, 299 m² - photo 9
6 bed townhouse for sale in Madrid, Spain, 299 m² - photo 10
Price€1,250,000
TypeTownhouse
Covered area299 m²
Beds6
Bath6
Market infoNew homes
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Environment

Townhouse in Mirador de Puerta de Hierro

The Mirador Puerta de Hierro complex is located in one of the best areas of the capital in the northwest of Madrid, on 338, Cardenal Herrera Oria Street. The complex is in the Peñagrande district, between the Puerta de Hierro historical monument and the district of Mirasierra. Cuatro Torres, one of the main business centers in Madrid, is ten minute away by car.

There is everything necessary for everyday life around the complex: schools, universities, banks, supermarkets, health facilities (La Paz and el Ramón y Cajal hospitals) and shopping centers (La Vaguada).

Sportsmen will enjoy the Centro Nacional de Golf (a golf club) and the Puerta de Hierro sports park located less than three kilometers away from the complex.

There is a good road network around the complex. It is close to the two main ring motorways, the M-30 and M-40, bus stops and the Avenida de la Ilustración metro station which lies on the 7th line of the Madrid Metro. In less than half an hour you can reach Puerta del Sol Square and América Avenue, one of Madrid's main traffic interchanges, from this station.

Property description

The Mirador Puerta de Hierro complex consists of eight single-family houses. Here you can enjoy a beautiful view of the Puerta de Hierro golf course. There are two types of houses: with five and six rooms. Each house has four bathrooms, two parking spaces, a storage space, sunbathed roof decks, a swimming pool and a garden.

The exquisite and modern design, spacious and bright rooms, luxurious finishes and economic power consumption are the Mirador Puerta de Hierro features.

Each house has four floors. The basement floor includes a storage space, garage and bathroom. The ground floor has an entrance hall, kitchen, large living room and toilet. The rest of the rooms (five or six, depending on the house type) and bathrooms are on the two upper floors. 

The size and price of the property depend on the house type: the square of a five-room house is 242 m2 (with 72 m2 terrace) the square of a six-room house is 300 m2 (with 103 m2 terrace). The price ranges from 975,000 to 1,250,000 euros plus VAT.

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
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  • Spain, MadridSpain, Madrid
    Townhouse €1,250,000
    • Covered area: 299 m²
    • 6 beds, 6 bath
  • Spain, MadridSpain, Madrid
    Townhouse €1,200,000
    • Covered area: 299 m²
    • 6 beds, 6 bath
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