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3 bed townhouse for sale in Malaga, Spain, 191 m²

3 bed townhouse for sale in Malaga, Spain, 191 m² - photo 1
3 bed townhouse for sale in Malaga, Spain, 191 m² - photo 2
3 bed townhouse for sale in Malaga, Spain, 191 m² - photo 3
3 bed townhouse for sale in Malaga, Spain, 191 m² - photo 4
3 bed townhouse for sale in Malaga, Spain, 191 m² - photo 5
3 bed townhouse for sale in Malaga, Spain, 191 m² - photo 6
3 bed townhouse for sale in Malaga, Spain, 191 m² - photo 7
3 bed townhouse for sale in Malaga, Spain, 191 m² - photo 8
3 bed townhouse for sale in Malaga, Spain, 191 m² - photo 9
Price€725,000
TypeTownhouse
Covered area191 m²
Beds3
Bath3
Market infoNew homes
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Environment

Townhouse in Villa Carmela

Villa Carmela is a residential complex located on Amador de los Ríos, 20, in the Pedregalejo area. It is one of the most attractive areas of Malaga and a very well maintained environment.

Located in the eastern district of the city, Pedregalejo is an antique neighborhood in old mountain and coastal fishing district that during the 19th and early 20th centuries was a summer resort for the Malaga bourgeoisie. Its popular beach has a family atmosphere and is quite busy. It is formed by small coves that stretch between the beaches of El Palo and Baños del Carmen. Many restaurants and entertainment places can be found along its promenade. The main street, Juan Sebastián Elcano (old Malaga street) is flanked by plants and bananas trees. El Palo and Valle de los Galanes are nearby. Another attraction of this vibrant area is Corpus Christi Cathedral, built-in 1943 and consecrated by Archbishop of Malaga in 1949.

Pedregalejo is well connected with the rest of the city and the province thanks to its many urban and intercity bus lines. Access to the area by car is possible through the Mediterranean Highway or following the coastline from La Malagueta.

Project description

The Villa Carmela residential complex consists of six exclusive semi-detached houses. Built with quality materials, the houses have two floors, large covered and uncovered terraces, private gardens and solarium.

The urbanization has a garage with polished concrete pavement and pre-installation of charger for electric cars, as well as a communal pool with an overflow effect and saline purification.

The properties are totally equipped, with double glazing with low emissive glass, furnished bathrooms and kitchens, Silestone countertop or similar, appliances, hot / cold air conditioning system with Inverter technology machines, installation fiber optic in every home and basic home automation.

Villa Carmela homes have a starting price of 720,000 euros plus VAT (two parking spaces included).

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
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