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4 bed townhouse for sale in Madrid, Spain, 193 m²

Price€480,000
TypeTownhouse
Covered area193 m²
Beds4
Bath3
Market infoNew homes
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Environment

Townhouse in Residencial Suertes de la Villa

If you are looking for a home close to the center of Madrid, the area of El Cañaveral could be the right place for you to live. Now you have the opportunity to acquire a home in a new development Suertes de la Villa. It is located between two wide avenues and offer all the services you need nearby: shops, restaurants, pharmacies…

Access to this area is via M-50, M-45, M-203 and R-3. In addition,  there are different bus stops in the vicinity. 15 minutes to the center of Madrid!

Suertes de la Villa consists of semi-detached houses of more than 200 m2 built area. All of them have four bedrooms and a living-dining room, which is connected to the kitchen. You can choose between closed, open kitchen with hall or open kitchen without hall.

Both the bathroom and the kitchen are delivered furnished. Finishes of all the homes are of high quality. The living-dining room is double height. 

Outside you can enjoy large terraces on the ground floor and attic. The master bedroom and living room are oriented the way to take the most of the sunlight. This will provide great energy savings.

Each home if offered with three garage spaces in the basement and has a socket to plug in an electric car, as well as an extra space for storage in the facilities room.

This private urbanization has several common areas: an adult pool, a children's pool, children's playground, paddle tennis court and large green areas.

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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